* The political pot is getting hotter every passing minute and smart traders fear a collapse in the next fortnight or so. A huge short position in F&O and cash segments is built up. Watch out for the panic and make purchases in the same.
* India's savings rate to GDP is at its lowest equal to that in 1991. The crisis then and now may be similar as far a lack of confidence is concerned. Market rules out any big inflows of domestic savings into the secondary equity market.
* Put call ratios (PCR) are artificially manipulated by smart operators to mislead the general public and traders. A PCR indicating negative sentiment may in fact be a hedge for a bullish position!
* India's savings rate to GDP is at its lowest equal to that in 1991. The crisis then and now may be similar as far a lack of confidence is concerned. Market rules out any big inflows of domestic savings into the secondary equity market.
* Put call ratios (PCR) are artificially manipulated by smart operators to mislead the general public and traders. A PCR indicating negative sentiment may in fact be a hedge for a bullish position!
* Gold is steadying around Rs.31K for 10 gms and is likely to cross Rs.32.5K\10 gms by Deepavali. Silver at Rs.57.5K now may cross Rs.65K by then.
* Debt free companies are doing well even in such trying times. Look out for Bata, Oracle Financial etc.
* As per the market grapevine, Ricoh India plans to delist itself. Its share price may see a sharp jump once it is officially decided and announced.
* Lenovo is to acquire over 50% stake in HCL Infosystem for Rs.500 crore. The deal may be finalized shortly and could boost the share price to some extent. Wait & watch.
* ONGC and Jindal Steel will remain under pressure due to their inclusion in the scam report of the Comptroller & Auditor General (CAG).
* 74 scrips have been shifted to T2T group last week including Wockhardt, SKS Microfinance, Heidelberg Cement, Mastek, Kale Consultants, Reliance Broadcast Network etc. Better to exit them immediately as they may gradually correct 20-30% in coming days.
* A technical analyst recommends Avon Organics, Chartered Logistics, Chamanlal Sethia, India Gelatine and Kanpur Plastipack as hot buys for this week.
* Debt free companies are doing well even in such trying times. Look out for Bata, Oracle Financial etc.
* As per the market grapevine, Ricoh India plans to delist itself. Its share price may see a sharp jump once it is officially decided and announced.
* Lenovo is to acquire over 50% stake in HCL Infosystem for Rs.500 crore. The deal may be finalized shortly and could boost the share price to some extent. Wait & watch.
* ONGC and Jindal Steel will remain under pressure due to their inclusion in the scam report of the Comptroller & Auditor General (CAG).
* 74 scrips have been shifted to T2T group last week including Wockhardt, SKS Microfinance, Heidelberg Cement, Mastek, Kale Consultants, Reliance Broadcast Network etc. Better to exit them immediately as they may gradually correct 20-30% in coming days.
* A technical analyst recommends Avon Organics, Chartered Logistics, Chamanlal Sethia, India Gelatine and Kanpur Plastipack as hot buys for this week.
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