Fabulous-15 Update

Many stocks from our list FABULOUS-15 have recovered well this week and show better days ahead as the list has so far clearly outperformed the Nifty. IFCI is near weekly breakout above Rs 55 above which our target of Rs 75 would look near. GSPL has hit 5 month high this week and above Rs 105 it would be 52-week high, this is one stock which can perform even in a bear market. MRPL rose more than 5% this week as Fuel Price Deregulation may come and if that really happens this stock can move faster. EMCO rose nearly 10% as stock showed value-buying support. SUZLON continues to underperform and it has fallen 8% this week, company has announced Rights issue at 2:15 at Rs 63/share. Nifty has remained in pullback mode this week and it looks the rally may touch 5170 levels before reversing. But aggression should be avoided as risk-reward is not favourable at current levels. We would stick with 32% cash levels for now and if good correction is seen we will try to add to our stock positions.

FABULOUS-15 TRACKER (Prices in Rs)
Stock Name	Reco Price	CMP	Target	% Weight	% Returns	Action
3IINFOTECH	87	66	118	2	-24	Hold
ADHUNIK MET	110	109	152	2	-1	Hold
EKC	156	133	189	2	-15	Hold
EMCO	91	85	130	2	-7	Hold
GIC HOUSING	92	94	150	2	2	Hold
GLENMARK	278	257	350	2	-8	Hold
GSPL	98	98	125	2	0	Hold
GUJ NRE COKE	72	59	110	2	-18	Hold
IFCI	54	54	75	2	0	Hold
MRPL	78	70	100	2	-10	Hold
NEYVELILIG	152	148	196	2	-3	Hold
POWERGRID	109	105	141	2	-4	Hold
SUZLON	75	55	140	4	-26	Hold
JUBILANT	325	347	450	2	7	Hold
FSL	30	26	38	2	-13	Hold
GREAVES COT	286	338	352	2	18	BP
SKUMAR	41	49	70	2	20	BP
ABG SHIP	210	270	270	2	29	BP
Total				32	-1.58

• Be just 32% invested and don't do averaging for the sake of that.
• Don't average if 30% dip is not seen after your purchase, averaging should be considered time-wise also.
• At least 2-3 months must pass before you buy again in a dip.
• As we hold a view that Sensex below 13000 in 2010 can be possible so avoid aggressively and leveraged positions.
• This market is a bear market which can cut both ways, it is always difficult to mint money in such market and it is better to be an investor and accumulate.
• Being correct in market is difficult so we have invested 32% so that in case of market rally we don't miss the opportunities.