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Moneycontrol.com >> Message Board >> View Messages >> Market Analysis - Technical View
   You are here :     Moneycontrol     MMB    Market View      Market Analysis - Technical View                         Most active discussions of 2006 , 2007 & 2008
Time to buy puts stock specific (2)   24-Jul-08 20:02Tracked by (0)  
Posted by:   me2_4india on ( 24-Jul-08 20:02 )
Well the Sensex has rallied from 12.5 k to near about 15k, Expectation was 1st 11.7 k then 15 k but 15k did come first, anyhow ICICI Bank has outperfomed as said earlier, the expectation was ICICI, MTNL, Tata motors wud be outperfoming in the journey towards 15k. Now 200 to 300 points if possible more and we are starting the journey towards 12.5k, Time to build stock specific shorts, Reliance, RPL, Capital Goods Stocks, Bharti, NTPC, Cairn, HDFC in the Indices while Aban, Sesa Goa out of indices have yet to hit the bottom. While ICICI Bank, MTNL, RCOM etc have hit the bottom and cud be bought for 15 - 20% more gains. The Only danger here is the Govt which might break all stops to create a feel good factor, but then they have to build up slow and steady if they move it up fast and profit booking comes right close to the elctions that too wud be bad for them so well shorts cud be created right in here but stops shud be placed close to 15.7 - 15.8 k's while rentry cud be done (if stops hit) again if the sensex comes below 15k.

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