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Tuesday, May 20, 2008

Achievement....

Mid cap conquered and all I Develop stocks were firing 4 cylinders with huge volumes. The rally in mid cap is convincing and volumes have started the way it should be. This rally will continue. You have to pick stocks with midas touch which can give tons of returns. The law of averages works. In order to reap rich dividend you need to have brand loyalty with all the scrips whether you succeed on the given day or not is different issue altogether.

Those who have a brand royalty like this have enjoyed huge gains whether it is intra day or in delivery. We generated a buy call in Hyderabad Industries today and stock was up by 20% with huge volumes. This is going to happen with IITL tomorrow catch this stock as it is crossing its last hurdle tomorrow. It has 2 triggers for re rating with target price of Rs 500 plus. One that it has acquired a blue chip co the details are available on BSE and two its promoter is NIMBUS and few leading operators have huge interest in this stock. I can bet my last pant on this stock and I certainly believe that it will cross Rs 105 tomorrow and then only sky is the limit.

I had written about SAIL couple of days back and SAIL is up by 10% in just 2 trades. Few circumspect viewers are still trying to understand my nexus with steel. I understand steel because my nerves are made of steel. Hathi Chaale bich bazaar aur kutte bhonke hazaar goes well with SAIL too. SAIL is SAIL and sail will touch Rs 1000 in next 3 years. Cut and paste and reproduce the same after 3 years. There is a generation gap between your understanding a stock and mine one especially is steel. Tisco will touch Rs 1500 in just 6 months. Now from SAIL and Tisco price you decide what could be the index.

Rising inflation, falling rupee, falling GDP, oil out of control, no political stability, no announcement of monsoon, no fii buying, lack of liquidity what not….? All negative factors ideally well suited for bears which made bears go on huge shorting. Yes, they are short. At the same time there are round the table blocks are rotating in A gr shares such as RIL and IDBI. For sure these will be absorbed in no time. The way the buying is witnessing in mid cap and small cap stocks I am sure the third Bull Run has started in India.

Now these factors will be changing slowly in coming days. Inflation will come down, oil will fall, FII buying will start above 18200, and enough liquidity will be seen IPO will resurface. The life will become normal and old story will start again. BULL RUN is back…

Market is heading for 24000 first then to 30000. I Develop had never changed its strategy nor became bearish. It was only the way it pretended. If the grs like RIL and TATAs become negative on India I will become negative not otherwise. We are not living with our desire but really concerned about our achievements.

We live in our desires rather than in our achievements.

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