Hi All,
As suggested in earlier post, the markets would head towards a correction.
The biggest loser Reliance Industries was also posted.
Hopefully you have unloaded and reduced exposures.
Most of the heavy weights are still in an over-bought position. I believe that the correction will be stronger than we expect.
Closely watch the global cues crude oil and above all the dollar exchange rate.
The good news is that inflation has dropped to a 23 month (not sure) low below 5%.
Please share your views.
Our call on Kalindee Rail Nirman at 178 -> trading at 222 reached a high 247 in such weak markets.
Sit tight.
Thanks and Regards
Supratik
Thanks for your early warning Supratik.
I had sold many of my holdings in last 2-3 days.
I have sold Reliance Industries at 1750 and also Rel Comm, Suzlon, Crompton Greaves, Nirma.
I am waiting to buy back all of them. I am closely watching the global queues and also our ow bourses.
Please do keep posting the updates and when we get the buy signals.
Till then, I think we must look for short term gains.
Please do post tips for short term targets.
Also, please do let me know, what would be the good price to buy Reliance, Rel Comm and Suzlon?
Thanks,
Narendra