i Develop Stocks Advisory

Cost of impatience.... Market is clearly missing the buying euphoria as most of the intermediaries have initiated “Sell India” call. The bears have always held 12000 to 14000 Sensex target and to fuel the fire one BSE brokerage house has set a Sensex target of 9000. A real bravo. Though very conveniently a rider is added which generally gets unnoticed while seeing the upper box target, the fact remains that rider itself suggest the lack of conviction. It requires lots of courage to give wild targets such as either 24000 or 9000 and I must pat these guys for setting at least a dream target. With the current state of fluid market situation such an act is not at unjustified too. With most of the fundamentals supporting a bear run such as inflation, gdp, slow down, lack of buying interest by FII, lack of retail interest, monsoon etc it is not surprising to see such a downgrade. The only silver lining is that the said broking house is holding on the heat of slow down. In fact, the entire industry is holding back the heat which is very strange. The first casualty of such a downgrade will be none other than these high handed broking houses. Anyway, there is a freedom to express opinions and views. As far as I Develop is concerned, we are bullish and hold that market has potential to test new high in 2008. This is the reason we had been suggesting to stay invested only in B gr shares for the time being. The current pattern of the market is now suggesting that B gr shares too will hold for a while and there are chances that market may correct by 200 to 300 points if it breaks 4820 decisively for the factors explained by me earlier. It is very common sense that when it is made known to you that you would get things cheaper you would not try to raise the prices to buy costlier. But it is very clear that this time when market will take U turn this will start A gr now instead of B gr because A gr has seen enough value correction. Though Nifty has reached 4800, stocks are available at 2500 Nifty and hence the buying will start in A gr as and when starts. A gr cycle will support B gr cycle this time. The level of ownership is resembles to Sensex 8900 level and hence even if the Sensex falls to any level the value will remain in good stocks. Only few stocks will break the Sensex lower levels in coming sessions. Any attempt to trading in your owned shares (lying in D mat) could deprive you from regaining ownership later on. Money is like water and finds its way wherever if finds parking space. Conserve your assets. There are two main human sins from which all the others derive: impatience and indolence. It was because of impatience that they were expelled from Paradise; it is because of indolence that they do not return. Yet perhaps there is only one major sin: impatience. Because of impatience they were expelled, because of impatience they do not return.