Tuesday, January 3, 2012

India beats China, factory activity jumps to 54.2 in Dec; highest since June


This is the link.Open and read it.

Manufacturing jumps over 50% in Dec defying IIP nos.
That is a good sign.The domestic as well as overseas demand has gone up and orders are pouring in.
Now the order of the day is some steps from RBI and government and we will be back in reckoning.
I read that Shankar Sharma has become super bullish in one of his interview in ET.
I still feel that 3900-4000 can come.It will take time for our market to make a comeback as Dec ending ,3rd qr, results are due this month and that are not going to be great with Int rate high.
Market will react on that and that is why I feel that we can see somemore downside before a Bull Market starts again.
Moreover , players will try to take the stocks more down for more distress selling from the weak hands and will try and acculamalte as much good stocks as possible.
This is not the time to sell.Stocks can still go down but then we never know the exact bottom.It can be 4200/4100/4000 or even 3900 or even 3800.
But after budget , things should look up as I feel Pranab Roy will come out with some good  measures which will help our economy.
Government has opened up direct investment in stocks from foreign investor without taking a route of MF.Now an individual investor will able to invest in Indian market directly in Indian stock market.If FDI on retial will get passed then that will be even better.
I have put a long list on the eve of the Christmas and I feel that my readers will have a look at it and decide on it.I feel that is an excellent list to look at.

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