Monday, June 1, 2009

Outlook On Market

Market has been up up ad only up not surprised by the strength but it needs a bretaher else we are heading to 30% market collapse. i was deadly bullish at 8k and i am deadly bearish at current levels. The baloon before it bursts has to blow bigger and bigger. The FV of Sensex is arnd 12500-12650. From here on with the strength I guess if my techs is correct it might touch 15500 or max 15800. Because of liquidity chsing our markets have become overvalued from undervalued. Still bullish on my pics Alok,Zylog, J K Lakshmi, Unity Electrotherm Usher Agro
Right now One more busineess that is attracting me is Food. thats why I picked the best of the lot Usher Agro. This stock has to create wealth with FII's and large players doing block deals on the small company its a company of tomorrow undoubtedly. The other stock I like from here on is my favorite Grand Hyatt i mean Asian Hotels 500023.
This company was in limelight last year when ashish chugh recommended it at 680 odd levels. Todays it 285. Looking at the properties and EPS of 30+ last yr expected EPS of 40+ for this fiscal I guess this can trade at 14 PE . Meaning close to 560 a doubler from here on . Volumes are blazing someone is definitely accumualting the stock.
Rest on you investors I envisage my conviction with a view of owning the business group of Asian Hotels would be a dream come true wid positio in Asian Hotels. One more stock being BindalAgro better known as Oswal Chemical and Fertilizer. The stock is having a cash per share fo cloe to Rs 38. The stock can double form current level of 19.