Stock Market On Tuesday

The pace of rally and political concerns are worrying markets. The market participation is narrower and political development is also putting pressure.

Markets have factored in political concerns, the risk remains. Markets will stay apprehensive and may see good amount of correction, he believes. And markets may resume rally once the event is out.

Markets are still not overstretched and lots of stocks have reasonable valuations. He sees FY08 Sensex EPS at Rs 850-855 and FY09 above Rs 1,000.

Wireless companies, cement, engineering, financial services and metals offer room for safety. We sees over 25-30% earnings growth for the next two years in those segments.

As I already Wrote Yesterday market Still in Correction Phase.So Volitility Comes Automatically.

Market has a Support level at 5026 and 4950. So Still you may see 50 point more correction in Nifty.

Note : Greater Chance of Pull back Rally May Come in market it will be sure of 50+ rally in nifty.

Important : You may buy at every Correction in market .This may be a Good buying opportunity for everyone.