For your eyes only.....
Wednesday, December 23, 2009
End of the day…
5 mn Nifty short trapped in Dec series which is not fully cut ad of today evening. Rollover started but since shorts are more market will rise further tomorrow. All Cni calls Nifty, RIL, Century, IDBI, IFCI, Tisco, Sail, Suzlon and Bharati were on fire. Metal will not stop its halt tomorrow as SAIL FPO price is around Rs 250 or little higher and hence market price has to be Rs 280 before the FPO starts. Tisco more steam is still left.
But the surprise stocks will be side stocks tomorrow as front line has done their work today. Most probably Nifty will open at 5180 plus to take short sellers for surprise and then pull it towards 5260. Those who have shorted today assuming only 40 points upside before fresh collapse will have to pay price.
FII are on holiday and domestic are making huge buying. Another Rs 500 crs buying will be there tomorrow. Target is 31st Dec Dec and that is NAV. Govt is in mo mood to let market down come what it may. Nifty settlement expiry at 5360 is looking possible now.
Tomorrows best side stocks picks will be Essar Oil, Ispat, GTL Infra and India Cement. Especially Ispat is now heading for all time big story. Mind well, take it from me, Ispat will cross 3 digits in next 2 years. Ispat already gone on record the saying its OPM will rise to 37% and it will save Rs 1000 crs a year. It wrote off March 09 is forex losses of Rs 250 crs in Sept quarter and hence there was a big loss other wise the co did well. I expect Ispat to report profit of over Rs 300 crs in Dec quarter. Ispat has debt of Rs 6500 crs and my sources say Ispat will get Rs 2700 crs in first round of funding. In next 6 months Ispat will become debt free and EPS could be Rs 10 plus rest you know. If you not out of 3 idiots buy this stock in tons today and sell 50% at 30 in just 35 days and carry the balance life long. IT WILL BE YOUR free investment. Every game starts will small before it becomes big and Cni has track record of spotting companies when they are small like IDBI at Rs 60 and IFCI at Rs 10. Tomorrow Ispat will open at Rs 21 plus and believe me for next 12 months you not see Ispat price of Rs 18 on screen. If that is the case take risk of Rs 3 and go long as much as you can. Stock market has always respected ears more than eyes because they have reacted promptly to the wire media and not the print media but for sure eyes are the best witness than ears.
Eyes are more accurate witnesses than ears
BigGains !!
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