We were Friendlier!

Indian government was too generous in 1983 and at many other occasions. The following section is one such example in contrast to the treatment meted out by US to Indian diplomat and visiting leaders to that country. Leave aside diplomatic immunity, they helped Union Carbide Chief in India, Mr. Anderson to escape the country ignoring the magnitude of the tragedy caused by UC dubiously known in Indian history as Bhopal gas Tragedy in the night of 3rd December 1983. Now, Indian government is fighting for the honor of their own diplomat in US who is entitled for immunity by appropriate sections of international conventions. This shows even after many years Indian foreign policy has not undergone any significant change. Pathetic!!

26 Oct '09 Pick

Pick Punj LLoyd at cmp 223. Already down by 15% due to its not so good Q2 results.. SL 200. Nearest target 250+ in 15-20 days.
Another good pick is ABAN Offshore. It was hovering around 1600 levels few days ago. Today closed at 1381.05. Now start accumulating at lows. Good pick at current levels for next couple of months.

Toaday's stock

TATA Steel @ 550...wait till it reaches 580 in 4-5 days

Todays quote:

One bird in hand is better than two in the bush.

Stocks to watch

1) Reliance (tgt - 2350 sl 2150)
2) TCS (tgt -750 sl 587 : 2-3 months)
3) Axis bank (tgt 1100 sl 790: 2 months)
4) Maruti Suzuki (tgt: 1850 sl 1350: 2 months)

Indian Stock Market Ready for Break out

After a good Diwali, a brief correction in the Indian stock market has been in the process of being completed. It is expected to touch new heights as soon as brief correction is over. In first spell, the sensex may cross 18000 mark decisively. This is expected to happen in next 1-2 months.Then it will be natural to book profit and sensex would hover around that mark for quite sometime before moving to next landmark 19000 which will be in the end of Dec. 09.

The sector which looks most promising for quite some time is IT. Most of the Indian companies has posted handsome gain in profits (20- 60%) and revenue growth (YoY).

The road gladdens the obsessed ghost.