I suspect that rally will dwindle soon enough around 3rd week of April. we may be achieving the target of 11700 or so and retreat back without touching Sensex 200DMA mark 12000.
Came across few articles from astrologers and also from technical analysts. most are unsure.
Political Drama is expected to bring in Heavy shorting for next month. Either BJP or Congress both are good for market especially Construction and Power. So, notion that market will fall on election outcome is slowly disappearing but fact is that Drama of Uncertainity will bring in HEAVY VOLATALITY.
Now it could be congress who is fueling this rally using it's Black Money Kitty or It could be BJP (if too confident to make massive win in elections) or perhaps it could be that Black money lying in foreign banks must hide, it could be equity markets. Once this ends, mkt will start following the world markets once again more closely.
results are due, best to exit it complete IT pack except ROLTA. Mindtree is expected to show some turn around results. I am not sure which quarter but script can regain rs 400 in next one year.
Capital Goods, Power & Construction, Reliance Pack will do good. Looks all Gas issues are getting resolved.
Sugar - Time has come, expect some low opening next week due to govt proposition to make import of white sugar free of duty to check domestic rising price. To inform you that this time Sugar production is just 60% of what was last year and world-wide sugar production is low. Also, international white sugar is around $403 (highest ever 498) so import will not be cheap nor viable.
Sit back and buy sugar for higher returns at a later date. No risk attached atleast this year. Balrampur chini best buy at 49 and renuka at 78. UP sugar mills have curse of Mayawati so can be ignored to some extent. With Increasing SAP, neither mills nor farmers reached to a win-win situation and there comes the shortage. Mayawati is indirectly participating in creating Inflation.
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