[indianstockmarket] This is right time to invest in Indian fundamentally strong shares

 

SARASWATI CONSULTANCY SERVICES
Vikas Surya Plaza, 207, CU Market, Near Income Tax Colony
Pitam Pura, Delhi-110034 (India). E-mail: scservice2007@yahoo.com
Mob: 9818718828, 011-20063647

Nifty Index and Share Analyst Business & Marketing Consultant
Ref: scs9310 Date: 09/3/2010

Estimated future trend of market, Economy and Political scenario
This is right time to invest in Indian fundamentally strong shares

Dear Sir,

Indian economic scenario is better as compared to rest of the world due to GDP and few reasons which are as follows:

1. India is agriculture based country and Government is giving full concentration in its growth rate because food plays prime role for strengthening economy.
2. Government is focusing on infrastructure because smooth connectivity assures better transportation, reduced expenditure, time saving, new & old different resource development and all of these works help in generating employment.
3. Government policies are helping in controlling loan rates which are focused for Industrial production, reality sector, export & import and normal man for betterment purpose.
4. Various checks have been measured for safe guards of banking and financial sectors.
5. Better educational opportunities with or without support along with help to farmers and poor population are main focused areas for revival.
6. Public Private Partnership will help to improve economy.
7. Further disinvestment in PSU's during FY 2010-11 may speed up recovery in economy.
8. Government efforts to reduce fiscal deficit towards 5.5 during FY 2010-11as per our previous estimation.
9. Indian GDP may be around 8.5-9.5 during FY 2010-11as per our previous estimation.
10. Remarkable production in Wheat crop and Pulses will be observed.
11. Better mansoon is expected during June –August period which will be better for better rice and cane production.
12. Government may take interest for more rain water harvesting in different states of India.
13. Crude oil may not increase above $100 in near future and after July onwards it may start decline towards $50-40 as stated earlier.
14. Dollar may decline towards 42-40 as compared to Indian currency in near future and current declining towards 45 is visible as informed earlier.
15. Yen currency will depreciate in near future towards 95-115 as compared to US Dollar. Es informed earlier.

Indian Export will increase in Food & Beverages, Bar coding, Steel & Copper, Mining (Iron ore), Textile Fabrics, Readymade Garments, Auto & Pharmaceutical (Small Growth may be observed better than previous year), Handicraft and Oil etc. related products. Export will be better than previous year.
PSU's, Mining, Infrastructure, Banking, FMCG (Food & Beverages), Metals, Power (electricity production and equipments e.g. Transformers) , Oil, Consumer durables and Auto sectors look attractive for last quarter of FY 2009-10 and FY 2010-11.

Previous Estimation:

Estimating Dow Jones target between 11000 -11500 during March-April 2010.
Next Dow Jones target look around 12000-12500 during July-August 2010.
We are still confident for future Dow Jones target of 13000-13500 during Dec-Jan FY 2010-2011.
Estimated Nifty Index may achieve target of 5500-5700 with volatility within March-April 2010.
Next Nifty Index target of 6300-6700 may be achieved within July-September 2010.
We are still confident for future Nifty Index target of 7200 during March-April 2011.

Estimated target of few low PE fundamentally strong Indian Shares:

Share Name Current Price Target
(Indian) (As on 9/3/10) (Apr-May 2010)

GMDC 145/05 205/-
JSL 104/50 150/-
Fortis Health 171/30 210/
Srei Infra 72/25 110/-
Himalaya Int. 35/70 51/-
Deccan Gold 25/30 45/-
Siemens 725/- 798/-
Sesa Goa 434/- 514/-

With regards

For Saraswati Consultancy Services

Vivek Verma

Note: We are not responsible for any typing mistake or for estimation in up and down move in Nifty Index, BSE Sensex or any in India/abroad as well as for shares quote/non-quote in NSE, BSE or any Exchange in India/abroad. The investors/Brokers/Institutions/any others are themselves responsible for their decision/losses in sale and purchase of shares/Indexes/futures/any others. The future analysis view or report for market trend/economy/political or any is our estimation. The advance paid advice fee is not refundable in any circumstances due to any reasons or non-interest of client in advice/trading. We provide consultancy in business and in other fields up to best level from our side but results/output in any work/field will be depend upon circumstances/situations as per decisions of our any client. We will not be held responsible for any plan/result/outcome of any work and only client will be held responsible for consequences and also in every decision.
If your feel satisfied with our analysis in shares and daily Nifty; then please contact telephonically or at our e-mail address which is mentioned above for advice.

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