Let them think which ever way they wants........

Dear Friends,
Market corrected for 1500 points after budget and came down to as low as 13200 and from there it has started its upwards journey again.
I remember I was writing here that 12k is going to be the next big support and that is not going to get break easily.Market is remaining over 14500 constantly for more time then remianing below.Actually according to some experts 12700 was the biggest resistance levels and that we have already crossed with ease and no way we are seeing it again since the market made a upper circuit on Election result day.
From that day we have not seen 12700 again and that is almost 3 months.Budget was bad as an expert came at wiremedia to say that Budget is bad and FII sold heavily on that day and few days after that.It means that there are still some FII's left who are still in the Bear Camp and follows the Indian experts instead of trying to understand the budget themselves through experts.Now again FII has started their buying after able to understand the budget in better way.But the question that arises is why they don't wait for the finer prints to come out?Don't they know that in India many things comes outside Budget day?
Either the FIIs who sold are too shortsighted or are following wrong experts and advisor.What is the meaning of selling a month back and coming back to buy next month?
I have seen they have sold in many stocks which have great future and great fundamentals and good management.I have also marked that after selling in last 1 year they have purchased the same stock again and increased the stake ?That makes no sense to me.Anyway that is their decision.......
But market again started its upward journey after the dust setteled down of bad budget and that is important.Any negative that is there in budget was taken as a pinch of salt and it was ignored by the market as they were not big enough to take note of....
I have written about Sesa Goa . Now what one needs to look at is Sesa Goa 52 week high was Rs 3200 and 52 low was Rs 69 and around that price I recomended it.Now if someone feels that Sesa Goa can go down to single digit and then he will buy then he is living in fools paradise.3200 to 69 is just 2.15% of the high.....and even at the currect rate at 230 it is still below 1/10 of the high.

Note:
One of the reader has brought to my attention that Sesa Goa price which we are seeing is already 52 week high.I got deceived by the bseindia site wherein I saw that they are showing 3623 as 52 week high....and 1 paidup........I apologize to my readers that without confirming I wrote about Sesa Goa.....
Sesa Goa has recently also bought mines and doing the right things.
Same can be applied for other stocks as well.
Remember one thing always.I just write my views and that's all.After all you are investing your hardearned money and hence level of comfort is very important.If stocks goes down after you buy then it should be you who needs to take the decision whether you still wants to hold or sell in whatever loss and switched over to other good stocks......
I am bound to make mistakes and some of the calls which I gave may not become good this time.The entire scenario has changed.The stocks which ran last time may not run this time and it is also not so that they will SURELY not run this time but there is no guarentee....

But here I will say that if the last year was bad and taken as a BULL Market correction then same sectors and same stocks can become multibagger again and if last year was a Bear Market and this is unfolding of a new Bull Market then ofcourse the sectors and stocks are going to get changed.....Take your call and decide what it what?I have already said that the last year was a Bull market correction as , if we are going to cross the previous high within a year or less then 7 years , which I explained in my last post then Bull market is still intact which started in 2003....