i Develop Stocks Advisory

Ruthless march... Singh is KING for sure but there is someone who is super king. No doubt the short rollover is not happened this time which indicate that short sellers are now really afraid to go short at these levels. 4400 was my call for yesterday but market maker decided to bring it today. Monday chances are very bright that market will open at 4500 plus and could travel to 4677 by Tuesday itself. No doubt the street will be surprised with the pace with the market because it is rising against the global clues and required fundamentals. Major bears will now come for fresh short selling only at 4900 to 5000 levels but those who are by and large now used sell short and earn have become habitual short seller and can’t see the positive side of the market. At the end of the day they will become poorer and poorer for 2 reasons. One that their balance sheet will get wiped off and 2 that they will not be able to cover their age old shares which they have sold in anticipation of Sensex 9000. As off now also most of technical experts and bears are holding their nerve with target 9000. They are our samba wamba and kalia walia. Here I would like mention one specific thing which is worth noting. I had been a one sided man and have seen bear runs and bull runs and still believe what others can’t even dare to say in the open. But I am surprised to see the best of bears coming on the wire channels and offering their free comments with regard to the market performance. At 14000 they started advocating sell call, at 12000 they were extremely bearish with target of 9000 and when market took U turn they says its bear rally. Well, dear if this is bear rally then they should have waited to sell 15000 instead of selling at 12000. But to my surprise, they made 15000 in short covering. My point here is that why should you listen to such idiots who are playing with your sentiments for their personal gains. I think you will be better off to start your own research instead of relying on these white collared guys. We had given bottom of 4240 in the morning and market took U turn from 4235 and closed at 4435 and rise of 200 points in one day. Market will open firm on Monday and Tuesday as we believe that there could some announcement from new delhi banning shorts through P notes. China did it today and India is set to follow the suit. In any case P note will expire in March where all positions have to be squared off. After we gave Bank of India buy call 10 others have followed the same. This was also true with IDFC. And now IDBI. Just watch IDBI for coming 2 days. As reported earlier in this column more than 7 bn USD worth stock is under short sold status which was borrowed from P note. Now FII being afraid insist for delivery of these stocks the short sellers will have no choice to lift the delivery form the open market and reverse the cycle. The cycle which created the downfall will create the windfall. This trigger apart from the reforms pace could take market to 18000 for sure which is as of today not been seen by anybody in India. Post 18000 the hot money will start coming back and then you see where the market goes. The largest beneficiary of this move could be IDBI, IFCI and SBI and banking is in overtly oversold state. Whole world had given short call on Reliance on the ground that ADAG gr will get favour from SP and there could be some damage to RIL gr. We had clarified this earlier that there could be some plus to ADAG gr but Govt can’t afford to do minus to RIL only for political compulsions. We are always bullish on RIL and we have reasonable belief that RIL will touch Rs 3000 in 2008 itself if not 52 week high. All our latest picks MSP, Gremach, Jayswal have reported better than expected earnings and you can take these future multi baggers. For every beauty there is an eye somewhere to see it. For every truth there is an ear somewhere to hear it. For every love there is a heart somewhere to receive it. I know there are thousands waiting for me.