WINNING STROKES: THINK DIFFERENT:

The markets are going for an unnecessary correction especially when the crude oil prices are crashing in the Bourses.

It is to be noted that the Crude Oil Prices are nose diving and is expected to crash below $110 per barrel mark within the next few weeks, which is my second target after it broke my first target of $120 per barrel some days back.

Today IIP figures have been delared and though IIP figures indicates some "Engineered slowdown", but it is difinitely give indication that the Crude Oil prices will fall crash further as the demand from China is expected to slow down substabtially after the completion of the Bejing Olympics.

The commodity prices have already started to crash and some metals are ruling at year low prices. The fall in commodity prices generally triggers a rally in the equity markets. India as we know is not a commodity driven and hence it will not be prudent to look at the Russian, Peruvian or some other commodity driven markets to take a call on the Indian Bourses.

The fall in metal prices will work for downstream industries like W S Industries Ltd, Accurate Transformers Ltd etc. For W S Industries Ltd, the promoters were allotted shares at Rs.107 per shares and hence this somewhat gives the visitibility of the expected price of the shares of the company in the days to come.

While the fall in Crude Oil prices will work wonders for Moser Baer Ltd (BSE Code-->517140), because crude derivatives are necessry to make CD and DVDs. I think CDs are made of Polypropylene, a Crude Derivative.

The fall in the Steel Prices will also work wonders for construction companies like Srinivasa Shipping & Property Development Ltd, Sunil High Tech Engineers Ltd etc.

Another Engineering company U B Engineering Ltd has already hit the buyer freeze today with good volumes.

Hence I am looking at Nifty Value of 5200 in before Deewali. The Nifty is expected to break 4640--4750 range within the next few weeks.