Do not panic..Wednesday, January 20, 2010
End of the day..
It was a rollover day and hence confusion will always be there in the market. Market is full of jokers, punters and speculators which require only ACTION like big B. If this does not happen the market is bad for them.
26th Jan added one more holiday and now just 5 more days are left for rollover. Rollover of Rs 100000 odd crs is not a joke and hence market has to be volatile. Eg just think that you are holding 5 mn Tisco how could you rollover…? Either find out matching short positions through specialised brokers or pay the cost of rollover.
FII generally prefer the route of fixed cost badla through specialised brokers as there pockets do not allow have a hole. At the same time for operators it is golden opportunity. They control stocks as well as market. They create volatility and in that volatility the market and price moves up and down and in fact operators take contago I e undha badla.
There is nothing the much to think other wise. Market mood is intact.
ABL Biotech was recommended by us in this column. It has 98 molecules and each molecule you can estimate how much worth it is. Co is being sold to strong hands and news will be out is some time. ABL Bio plant itself is worth Rs 100 crs and cmc is just Rs 10 crs. New promoters are capable to take over some pvt companies for vertical integration as well inorganic growth and hence it is a dark horse. It could be a 10 bagger at least in long race.
Other stock in our recommendation is Dhampur Sugar Speciality a Dhampur Sugar 800 crs group where all FII too have clocked in as shareholders. It has packaged sugar in retail sector where it supplies to over 10000 retail chain and over 1000 five star hotels. Apart from this it had made p i at Rs 40 2 years back when the price was Rs 190, that supply now getting absorbed in the market. It had announced de merger of land from Dhampur Sugar Speciality which got cancelled when market fell in 2008. Plans are now revived and old story is taking step. It is just matter of time. Take a risk of Rs 4 to 5 and accumulate in lacs in this stock. Any time this stock will give very explosive move. It can travel towards its earlier high in this year. As such 2010 is a realty year and you have to catch stock at very early. B F Utilities was identified by me at Rs 40 and you can see the price. This stock will take similar shape.
Market has consolidated at 17000 for more than 3 months and hence next wave has to start which will take market to 21000.
What is now proved was once imagined..
BigGains !!
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