Hi Guys.. Hope everybody enjoyed the christmas..!!
Markets should open mildly positive and I feel it is the right time for long term investors to enter the IT Giants, INFOSYS and WIPRO. The concerns on the cut in IT spending may be overly overblown there have not been any instances of large deals getting terminated or pushed out because of the economic situation as well as IT companies have taken appropriate measures to face the ruppe dollar issue as they have started billing their clients keeping in mind the dollar price per indian rupee of around Rs36.5/Rs 37. So as per the estimates of Citibank Research Team even if the dollar falls to 36-37 the IT companies will not be affected that much because they have already factored the appreciation with renewed contracts with their clients during this year... So its time to grab the IT Giants INFOSYS and WIPRO at low valuations right now for long term tgts of 3000 and 900 respectively (6 months+.
Another favourite stock of mines have started an upmove-- that is TAKE SOLUTIONS.. LONG TERM TARGETS for the stock is intact @ 1500. the stock was given around 950 levels few months back.. has started to move now.
In SHORT TERM as recomended PREMIER EXPLOSIVES is doing good and should continue the upmove.. There is some HOT NEWS COMING on MAHALAXMI SEAMLESS... GRAB THE STOCK IF ANYONE CAN EARLY MORNING for a tgt 0f 90++ (delivery) ... DHANUSH TECH, CMC,CAIRN INDIA and REL ENERGY are looking very good for 2-3 days perspective....
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