Where do markets head from here? Next week is the Union Budget. We have Monday reacting to the Reliance Power bonus outcome. Thursday is F&O settlement. It is also an important week for global data points as well, with a lot of important news on Wednesday and Thursday.
A lot of investors have learnt it the hard way. A lot of them are smart enough to now realize that bonus in effect. Rough calculations suggest that the stock price would have to go up all the way to Rs 550 or Rs 590 for the bonus to have any significant impact on people, who had borrowed and put money into this IPO on a leveraged basis. So, the bonus flatters to deceive. The stock price will have to move up as the bonus could be just an added bonus.
Market last weak shown weakness , but not shown some big crash .Hope market back this week, may movie 3-4% up this weak.Reliance Power may be one of them.Buy Stock at this level if you still dont bought till now.Buy Fundamentally good stock like hindalco, nalco, tata power, IFCI, sail for short term gain.Market have a medium term target of 20,000.It was most damage in midcap.
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