The markets to bounce back today, as the Nifty finds a temporary bottom:

What I feel is now is that the hangover due to budget-stupor seems to be over and the markets should bounce back today. Yesterday, during the market hours, investors (Those who were on my Yahoo Messenger) were asked (through SMS) to cover up their shorts, in view of the Nifty making a temporary bottom on the bourses. Now you can go long on Nifty with a SL of 3940 (spot). Yesterday, Country Club Ltd was recommended at Rs.20.40 to the Investors (on my Yahoo Messenger) for a target of Rs.29--30, in the next few trading sessions. Also, both Suzlon Ltd, Prajay Engineers Syndicate Ltd (Construction/ Development of Property & Hospitality — Hotels and Resorts) and Ritesh Properties & Industries Ltd are looking good for fresh investment. Please do not look at the Q4FY09, results of Prajay Engineers for investment in the scrip. These reasults are just aberrations. It is to be noted that for Prajay Engineers Syndicate Ltd, Sundry Debtors considered good include an amount of Rs. 30635.67 Lac due from customers which are outstanding for more than 6 (six) Months. The company says that, "As a result of economic slowdown and slowdown in reality sector, realisations from customers are Slow." Hence the results for subsequent quarters will be superb.....Moreover a company having in upcoming 5-star hotel project and exiting 3-star hotels and resorts, land bank of more than Rs.1000 Cr, Book value of Rs.152, etc. cannot trade at such a dismal price. I think like Atlanta Ltd, it will suddenly come up with splendid results.