Friends,
Many expert were sceptic about Nifty closing over 5150 and there we are.....
Nifty not only closed above 5150 but also gave a weekly close to show the strength.
I would now like to see what the Chart Analyst speak about the nifty and Sensex? Their Achilles Hills is 5150 and that is done and that too on a weekly base.....now what next ?
I have very clearly written in my last two post that we can see 19,000 by May/June....I think we are nearing that.Though we have a long way to go.....
Well,US market is showing enormous strength and Dow has crossed 13,000 today on the news that Jobs fall is less then expected.
I still feel that US economy will be out of woods by second half.
I remember I gave a call on JaySynth Dye stuff at mmb some year and half back at Rs 12 and it immidiately went on to touch Rs 20/- and thereafter it retraced back to below Rs 10 level.Maybe the low was Rs 7/-.....
Some who bought asked me then whether to hold or sell in a loss.Well,I told to hold may be those who have no confident must have sold.
But after remaining in hibernation for almost over a year, Jaysynth Dyestuff post excellent results with an quaterly eps of 2.8 and that too on 1 paidup.
Well, this is what one can get when one keep patience.I think Jaysynth Dyestuff can touch Rs 50 within a year.This is my view and do not fall as a BUY CALL.........But I will not be surprised if someone like Muder Patheriya can come out with a buy call....This is my projection.
If anyone wants to buy then just go to bse site.See the results , SHP etc ...do due diligence and then buy......if at all one wants to do it.
Well, coming back to the market,I think that if US market will go up , Dollar will appreciate then there is no reason why our market will not cross it's previous high....Well,if dollar will appreciate then the commodities price will also come down and that includes OIL,IRON ORE.....and commodities......