Here are latest recommendations for coming weeks. Target rates are expected in two months frame of time, but we recommend you that whenever any scrip touches its target rate, you must dispose of all shares or in parts(If you have invested in that scrip),so that you may be able to invest those funds in other scrips recommended in further newsletters. All rates are mentioned in Indian Rupees.
Indian market has risen sharply in the past two months on hopes the worst of the global economic recession may be over. From a 3-year closing low of 8,160.40 on 9 March 2009, the Sensex has jumped 4,013.02 points or 49.17% to 12,173.42 on 15 May 2009. The BSE Sensex has risen 2,526.11 points or 26.18% in calendar year 2009.
Foreign funds have turned sellers after recent aggressive buying of Indian stocks. Foreign institutional investors (FIIs) sold shares worth a net Rs 345.70 crore on 14 May 2009. FII inflow in May 2009 totaled Rs 9270.40 crore (till 14 May 2009) while their inflow in calendar year 2009 totaled Rs 9627 crore.
Post a Comment