Thursday, June 12, 2008

Market ends in Green....

Well Friends,
Market ends in green against market expectation…..
Dow was down by 200 points and still market ends up……
Crude inches up and still market ends in green.
Unemployement figures in US coming weak and still market ends in Green.
What can be understood from these?Has market made a triple bottom today?Again market took a support around 14700 level.It means now that market will need some very very concrete and very very bad news to break this support.
As it now becomes obvious that at 14700 ,lots of buying is coming and hence it can be assumed that value is seen at this level. Market has taken support thrice at this level and one should remember that.
I wrote 3 concerns at the top to show that even though they were there market ended in green and at the top of it Inflation is at high with others concerns like US Slow down,China CRR rate hike etc still there.
As I have written in my last 2-3 post that we will make a bottom this month and we will turn around this month itself…
This is going to be a turnaround month and market will gradually be making new tops and eventually will cross the previous high……
I again reiterate, we will make a new high this year itself. I have written this call previously and am again giving the same call ….As soon as Crude tanks bears will come to cover in our stock market.
My calls given are still a buy which I am writing here some of them…
Sujana Towers, Asian CERC,Jayaswal Neco, Flex Food, Artson Eng,Gremach Infra,TTML,Manali Petrol,Vishnu Chem,India Glycols,Lakshmi Electricals (new call),XL Tele,JMC Project, Mcnally Bharat, High Enetrgy Battery are some stocks and others which I have discussed are still a buy….
Best of Luck to all , buy at your comfort level and after doing due diligence…..

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