Strategic Report - Decebmer, 2011

Date: January 1, 2012
Pages: 5
US$ 200.00
Publisher: Cni Research Ltd
Report type: Strategic Report
Delivery: E-mail Delivery (Word), CD-ROM Mail Delivery, Online Subscription, Hard Copy Mail Delivery, E-mail Delivery (PDF)
ID: S414E95B914EN

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Strategic Report - Decebmer, 2011
Market Sign of Bottoming out (Buy on Dips Policy)
In Dec many FII brokerage houses were negative on India with lower targets. There were also many reports suggesting rupee to travel all the way to INR-$ 56 to 58.

All these reports were biased as none of the FII brokerage houses are clear professionals; what they say in their report are contrary to their action in broking. Reason there are no guidelines in this regard. Any analyst can change their opinion in fraction of time. This is a unique feature only in India because globally there are regulations in place in this regard. Also you are required to file written explanations if you change your opinion within certain period of time. As reported in this section we are at 28% discount to Sensex earnings of FY12-13 and hence there is no room to see much downside though in the space of hollow market where derivatives are used to create artificial markets, we will not be surprised to see lower levels such as 4400 or 4000; however there remains a catch. Short selling which is built over last 12 months is built all at lower levels say average 5000 Nifty and hence unless Nifty does not fall to 4000 levels all short sellers will never be in profit.
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