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Time to look wise investment??

From : Arpit Jain at 09:30 PM - Jul 27, 2010 ( )

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Things have not changed much...but surely we have not gone any where as nifty will not give you much movement on either way .. some made lots of money some made less...

The Question is why market isint correcting ?? most of us are sooo.. bearish not able to see some signs... most of the ppl are waiting for come jerk to enter. but market is not giving it. that is making ppl furious and tht y we are having low volumes...currently every dip is getting bought... i think we have new floor in place now tht is 4900 to 5000 and we are trading now sub 5400 levels.. 10% swing movement can be awesome buying opportunity. some of the stocks are available at very low PE and good prospect for mid term- one Dark horse is ESSAR OIL available at good PE, and attractive value.. Companies Q1 performance is good only sad back is PAT.. company not able to withstand its refinery profit margins...but the kind of group it is... the kind of plans they have are amazing expansion plans they have around 1100 gas station comp is planning to take it to 1440 by march itself..+ provided if any decision given on the Diesel de regulation 300 price target can nto be rules out that is more then 100% appreciation + company performance likely to improve... one more decision to come on the ethanol use.. it may increase the profitability + petrol deregulation also given all retail company to change the prices based on the market.. am quite barish on the crude it should fall on long term basis as US growth is slowing down .. it wil rub of major chunk of demand in crude so crude prices will come down so if retail company maintain the prices even for the short time .. Tremendous quarter on quarter profits can be increased..Volumes have increased fomr some time though one way of looking it portfolio based saleing one way to look it portfolio based buying..  and on this price its quite attractive you do have down side risk of 20-30 rs but appreciation could be more then 100%... this is for 6 to 8 month point of view no fire works expected in short term…. this is what my speculation.. May be u have some more point.. if any one want to share their veiws are most welcome

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