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Wednesday, August 25, 2010

Market at Inflection point

Hi friends,

The Markets are currently poised at an Inflection point at present levels of 5475-5500 (Nifty). An immediate Upside or downside of around 700 points may be in the offing. The view on Indian stock markets is broadly bullish so the chances are high that the breakout will be on an upside. Mid-Small caps with good fundamentals which have relatively underperformed the market in the last six months or so may come in the limelight. Very fast gains can be made in the next rally which can happen soon. My view on SHRI LAKSHMI COTSYN is ACCUMULATE. It is a definite MULTIBAGGER STOCK in the long term.