IFCI - MUTUAL FUND

Friends,

IFCI also has IDFC & PTC in its portfolio. The holding of the company mainly comprises of equities from sectors like steel,cement, Refineries, power & infrastructure stocks. All this sectors have turned around & doing comapritively quite well.
Now this are some more reasons to buy IFCI at every fall.

Cheers

Disclosure : I may have position or maybe trading in above said stocks for myself/ family members / friends / Associates.

Nifty Year End - Dumping

today being the last trading day in cash market & todays trades shall be settled in this financial year. All trades from tomorrow onwards shall be settled in the next financial year.

So guys last day of dumping in progress. From tomorrow we might see recovery.
This is probability & not prediction.

IFCI - Long Term Pick

IFCI - A Dark Horse


IFCI Ltd has clarified that the Company has filed recovery suit in DRT, Delhi, which has issued a 'sale proclamation'. Accordingly, sale notice was issued in the leading daily in November, 2006. However, the sale of land and assets has not yet materialized.
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IFCI has called for bids for its 750 acres land at Sultanpur. It has fixed the lower price to Rs. 250 crs. As per the industry sources, minimum worth of the land will be in range of Rs. 800 crs to Rs 2000 crs, & DLF is bidder.

Also NSE has a additional stake of 5% in NSE & are planning to offload as per the rumors going on Dalal Street, Though management has denied it.

IFCI Ltd has also informed BSE that it has decided to sell its equity holding of 21% along with Specified undertaking of UTI (SUUTI)'s holding of 8% in ICRA through an IPO.

IFCI has investment of almost 1000 Cr. at market value & also has stake in companies like DFHI, OTCEI, SHCIL & others.

Summing up, this will fetch IFCI approximately Rs. 4000 crs which will boost the net worth into positive to the tune of Rs 2500 crs. This in turn will make book value at Rs 40 per share & EPS for 06-07 can be above Rs 50 per share.


Along with this, as per the latest development,

IFCI Ltd has informed that the Board of Directors of the Company at its meeting held on March 22, 2007, has decided to appoint an Advisor, Ernst & Young, for advising the company, inter alia, on the induction of a strategic investor in the Company.
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Considering all this facts & figures, IFCI can easily cross Rs.50/-
Technically it has hurdle in the range of Rs.32- Rs.35.

For Long Term Theory Lovers, considering all above facts & the current development regarding strategic Investor, the valuation is mouth watering, though it is near 52 weeks high.

Disclosure : I may have position or maybe trading in above said stocks for myself/ family members / friends / Associates.

Blood Bath to be continued?

As expected Nifty tanks again & with style. Two of my Good friends have already hinted this fallway ahead on saturday, because of different reasons. Since i was waiting for their consent to post their messages on my blog, i was not able to share this information with you before hand. Though still i am waiting for their approval, i cannot hold back myself seeing the plight of investors & carnage inthe market.
So here goes the messages.

Nifty is in long term bearish channel and 4th wave is in process which will get over soon....and 5th wave of down will start..

It is suggested that at high or near to upper band of channel ....we must sell and book near to lower band of channel as days passes...

Trend reversal only can be identified or confirmed if prices breaks upper band of channel with high volume and remain up for 3 consecutive days.

ADX/DMI,ELLIOT TRIGGER/JTI and PTI all showing bearishness. ..

so be carefull on longs...It has been adviced to sell on high...

Best of Luck..



Second Message

march is a time for the solar eclipse ,this time , eclipse starts from india .One can see the paths .Astrologically best to remain short this week especially approaching this date in the stock markets . Luck to all .We are in for a huge downside soon .Watch it. Stay short or hedged on your portfolio .


So My friends decide yourself which is the exact reason for a fall, Technical, Exclipse , both or YEN.

Disclosure & Disclaimer as mentioned earlier.

Relief Rally - chance to escape

As mentioned in my last post on Saturday, Nifty had not only rushed but sprinted towards 3650. Even this kind of blood bath was not expected to be very honest.
Now the rally going on from morning can be a classical trap or an escape to freedom, depending upon your action. Unless Nifty sustains above 3680 for two days on closing basis, there is still more Red to come.
With global issues hovering around, no technical or fundamentals holds good. Stay away or strictly trade for intra day (if you are Die Hard trader), you never know what will happen tomorrow.
Please don’t convert your short term losses to long term investment. Buying near 52 weeks high in falling market for long term is a sure fire way of blowing your money for the sake of your love for Fundamentals. Fundamentals are dynamic and they do changes.

Nifty Fifty - Candlestick & Swing Trading lessons soon

Nifty is rushing towards 3650. Will it take turn or we will C 3250 soon?

Lets watch after a holi break.

Market has supplied lot of Red , bring on Green

Enjoy Holi


Soon we will start Tech Analysis lessons ,focusing on Candlestick & Swing Trading.

Post Budget - picks

Sugar stocks looking good, particularly Balrampu Chini.
Also Suzlon can be considered for decent returns.

Disclosure & disclaimer : same as prev post