Fundamental picks

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sold today

50% mphasis 421 avg.

sold 70%united phosphorus

sold all exide ind.

i feel that in next few weeks we are going to fall heavily. so during last 3 days i almost sold 80%. now only 20% holding in follwing stocks.

tata chemical.
mphasis.
united phosphorus. less quantity.

remeber BSE PE is above 20 which not justifying the stock valuation. so most of the stocks looks costly to me.

market may go 16000 or 17000 very fast but upside is limited. From here 25% correction is possible which colud take the sensex around 12300 or there is the possiblity of going dwn more.

At this level just book the profit keep the cash in hand.
 
Last week RELIANCE raised Rs 3188 Cr from treasury stock sale and yesterday SUZLON, JPASSO and CIPLA sold a combined $531million of stock (nearly Rs 3000 Cr); it seems even promoters are taking advantage on the best rally in Indian stocks since 1991 (news).

When market was at 8000 many promotor are buying the stack, now see the same promotor is start selling, they are best timer of finding the top of market.

[red]now adays lots of IPO also start comming and again there is reliance infratel IPO. if u remeber what happened after RPL and Rpower u can understand what will happen after reliance infratel.[/red]

also see the nifty PE its 22+. so all are alarming signal.

as i was expecting the correction last week of sep. or 1st week of oct. ( just trying to time the market ) i am still stick with the same. there is 100% possibility that i may go wrong. but correction may not happen immediately but anyway it won't send us an email that it is going to come!
 
hello all,

I think i am writing over here after 8 month and many of u might have forgotten me. actually from last 8 month i have not done much investment. Also all my view abt. market went wrong as i was expecting market fall at 15000 or 16000 level but it didn't and touched 18000. anyway market is king it has its own direction. but from last 8 month i have learned a lot. Now i am having 95% cash in hand and that is the key.

so from today again i wanted to start with giving my calls. i would suggest investor that before buying make there own study.

buy :
Ranbaxy 400-420 Short Term call(ST) for target of 480-500.

suzlon 55-58 Long Term(LT) 3 years target 130-140.
 
As per the technical anaylsis There is island reversal pattern at nifty. if nifty future not cross 5060 level in next 2 to 3 days there is strong possibility of sharp fall till4500.
 
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