QuickGains Premium Newsletter 02/07/08

GOOD MORNING.

DEAR FRIENDS,

WHERE DO YOU WANT TO GO TODAY??

MARKETS ARE IN A STRONG BEAR GRIP AND IS OVERDOING THE DOWNFALL, AS IS THE WAY MARKETS RUN UP WHEN THE GOING IS GOOD. EVERYTHING ON THE STREET IS OVERDONE. INVESTORS ARE SELLING OFF THE FAMILY SILVER AT DIRT CHEAP PRICES, DUE TO LACK OF CONFIDENCE. LOTS OF WRONG NEWS ARE DOING ROUNDS, CRUDE OIL TOPS THE LIST, FOLLOWED BY HIGH INFLATION NUMBERS, GOVT. HANGING BY A LOOSE THREAD AND FIIs' SELLING INCESSANTLY.

"WHEN IT'S RAINING BAD NEWS AND YOU SEE BLOOD ON THE STREET" - SMARTEST OF INVESTORS ADVICE TO GO SHOPPING. BUT, YOU CAN SHOP ONLY IF YOU HAVE CASH, SO HOPEFULLY, MOST OF THE QUICKGAINERS ARE SITTING ON CASH AND MAY LAP UP THE OPPORTUNITY.

ONE THING WE HAVE TO UNDERSTAND AND TAKE NOTE OF, IS THAT, WE ARE IN A BEAR MARKET IN SHORT TO MEDIUM TERM AND THE SAME MAY NOT BE WISHED AWAY, EASILY. THE BEARS WILL NOT LET GO OFF THEIR HOLD ON THE MARKETS IN HURRY. SO, BE PATIENT WITH BUYING, GO SLOW AND ADD ONLY AT GIVEN SUPPORT LEVELS.

FOR YOUR BENEFIT, WE HAD SENT A LIST OF STOCKS WHICH ARE FUNDAMENTALLY SOUND WITH NOTATIONS OF STRONG SUPPORT AREAS. TAKE YOUR CALL, WAIT & WATCH FOR THE LEVELS TO FLASH ACROSS YOUR SCREENS AND BUY UPTO 20% TO 30% OF PORTFOLIO VALUE.

AFTER BUYING, DO NOT EXPECT TO SEE INSTANT RETURNS, BE PATIENT AS THESE ARE INVESTMENT PICKS AND NOT TRADING STOCK. MARKETS WILL TAKE AROUND 2 TO 3 MONTHS TO DO THE REPAIR JOB (CONSOLIDATION) BEFORE WE CAN SEE ANY CONSIDERABLE UPMOVES HAPPENING.

BANK OF INDIA (170 - 190), RELIANCE PETRO (155 - 135), RIL (1900, 1750), IDFC(100 - 110) LIC HOUSING FINANCE(225 - 240), TATA CHEMICALS (265 -280), TATA STEEL (650), DR. REDDY (630, 550) & KALPANA INDS. (125 - 105) (TAKE YOUR PICK, CHOICE IS ALL YOURS)

HIGHLIGHTED STOCKS ARE AVAILABLE AROUND THE SUPPORT LEVELS AND DESERVE TO BE ADDED TO PORTFOLIOS AS EVEN SENSEX IS NEARING THE STRONG SUPPORT LEVELS OF 12800 - 12500, MENTIONED IN EARLIER EMAILS.

TAKE CARE!!

NICE DAY!!

BEST REGARDS,

NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
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