Thursday, August 30, 2012

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Today a buy call was initiated in Nifty_Futures at 5276, which did make 5317, during the day. Congratulations to those who made money from this call. The close of Nifty above 5300 is a great news for the bulls. Generally August and September, are good months for the equity markets.
I was strongly asking all to buy Bank Nifty today it closed in the green. In future this is one of the best sectors which would give strongest returns to the shareholders. 
Buy all the stocks in the retail space, as the government could now bring an ordinance, for FDI in retail in select states, to distract the attention of people. Pantaloon Retail Ltd (Rs.139.70) is one of the best in the space, which can again move to Rs.160-170, in the coming days. I have today asked all in my Yahoo Messenger list to buy all the stocks in this space.
In the coal mine allocation issue, I think it is no use to throw stones at each other, as every political outfit is involved in the same. So, let the issue be debated in the Parliament and some solid results comes, which might help the government cut the loss in future. It is no use stalling the parliament over a report and make losses to the government. Moreover, the UPA government took the right decision of not cancelling the allocation of mines to the companies, who have more or less followed the law of the land and got the minds.
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