Friday, June 4, 2010

Bears down but not out !!!!!

Bears are definitely down after making a fortune last month. But we do not rule out a possibility of a massive come back. Reports of Hungary's (Euro Zone) debt situation might keep them active. US Markets are trying to consolidate the gains made on wednesday. Asian markets too moved up big time on thursday. One should keep in mind that the markets are not in a better shape to run from here.

D-Street broke the 5100 jynx yesterday but it is too early to say that we are up for another bull run. Reliance Communication is on a roll on reports of a stake sale. The stock has gained nearly 15 pct in the last 2 days.

Retail investors will be good if they stay away from the current fight between the bulls and bears and watch one of them emerge victorous. Getting into markets at current levels will be suicidal. Paying a stock 5-10 pct more than current price is worth instead of buying during the current situation.

Cement May dispatches were good. There is some interest being shown in stocks like IVRCL, Nagarjuna Constructions and Lanco Infratech. Stay away from realty pack.

Also sources indicate Mr. Subbaroa might surprise with another round of rate hike before the stipulated time