i Develop Stocks Advisory

Rollover pain... Just before market started showing weak signals our S C team matured all pending calls which were recently introduced in S C section. We had 90% strike rate in round II. We believe that market has become overbought in some counters as majority of traders and technical guys were expecting market to go up to 4730. The rollover pain has started and will continue for next 2 days. Only 6 trading sessions are left for rollover. Normally market used to move up very sharply for rollover but nowadays market has to fall sharply because the overall positions are of sell side. Traders have to take advantage of the range and trade in the given circumstances. We after keeping you away from major trading in A gr for almost 6 months have now trying to create a good platform for trading. Most of the people even believed that our calls were not good and boring. It was market like that and knowingly we have tried to keep you away so that you are saved from making further losses. I heard that a leading technical analyst and fund manager said in public forum that if a gun is put on their head and asked where they would buy and answer was 4000. Cool…What was the need to express the same in the public forum…? Whole world come to know the deals and buying and selling of these people and whether such kind of statements at 4350 or 4400 was ever justified…? If market has tolerated from 6200 to 4400 then market has capacity to tolerate them eve till 4000 if required. Any way, I am not expert to comment on what compelled them to issue such as a statement but for sure I do not think that 4000 will even come. The level of cash is very high is funds and also fresh funds are coming back in India and hence buying had to start sooner than later and if I am fund what makes difference for me whether I buy at 4000 or 4400 …? Can I deploy entire cash in one day and answer is no. If it took 6 months for FII to sell stocks worth just 5 bn USD in India the domestic funds sitting on equal amount of cash can’t even buy desired level of stocks in the market. The only way of deploying cash is search block deals. First it was 2 cr shares deal in idea. Then it was Ranbaxy, torrent etc. Now Templeton has sold 3% stake to RIL gr in Unichem. This is the way stock will change hands and new hands will make new profits and their NAV will outperform. MSP Steel is an integrated player in steel and power and has applied to license for iron ore with M P Govt. worth Rs 400 crs. In my opinion it could take around 6 months for getting the mining lease. It has a gr co with large iron ore in Orissa. The merger will add real value in MSP Steel Ltd. At present the gr is interested in building assets silently and therefore the stock price oscillates between Rs 45 to 60. The weakness will remain for next 2 days for rollover. We will generate buy calls at appropriate time in order to create more opportunities for you. But for sure market will recover from hereon to new levels with every settlement. Work isn't to make money; you work to justify life.