icici bank

i was asked the tgt for icicibank which is 950.

tgts

almost all the stocks mentioned few days back have achieved their tgts.bharti, m&m, banks etc.

one stock i am hugely bullish on is exide industries for tgt of 150+.cmp is 130.
gone long today in it.
however sensex is at crucial 17650 levels as mentioned and hence selling pressure will be seen in a day or so.how string is the reaction will determine the next upleg.
yes, another stock i have liked esp. today is Icici bank. it looks ripe for a short sweet and rapid upmove.

spx neely

dont agree with neely's structure on spx.

reliance group

i have been firmly of the belief that R group stocks have to go berserk before this rally can top.
i am not saying that this rally i going to top now, but one essential condition is being fulfilled.
a crucial test of sensex is arnd at 17650 levels.how it reacts will determine where it goes.

buffet

Derivatives are seldom well understood by investors and they tend to involve heavy leverage. When you combine ignorance and borrowed money, the consequences can be interesting."
- Warren Buffet

exit dabur, patni

exiting dabur at 195 and patni at 590
dabur is still bullish for 205-208 though.however with monthly and daily trend down ,it is better to play safe.

longs now

only longs pending are patni computer and some dabur.
todays index move wasnot convincing and though it closed above 17100 which was a crucial point, still going position less seemed better.