Fabulous-15 Update

FABULOUS-15 has closed with 2.3% losses but some stocks are showing strength. IFCI above Rs 57 would be a weekly breakout and JUBILANT this week hit Rs 413 on BSE where big volume buying was seen in the stock, soon our target would be reached. SUZLON has gone X-Rights this week and we have averaged the stock already. GUJNRECOKE, FSL, MRPL look positive on charts and if markets can stabilize these can be first to move. GIC HSG has good dividend yield and one can still buy for Dividend purpose. Nifty has closed negative this week and until move past 5200 is not seen the trend would remain weak. Nifty has taken support twice at 4960 and now if 5000 is broken more panic selling may be seen – it is still advisable to maintain 32% cash levels.

FABULOUS-15 TRACKER (Prices in Rs)
Stock Name	Reco Price	CMP	Target	% Weight	% Returns	Action
3IINFOTECH	87	62	118	2	-29	Hold
ADHUNIK MET	110	104	152	2	-5	Hold
EKC	156	126	189	2	-19	Hold
EMCO	91	82	130	2	-10	Hold
GIC HOUSING	92	94	150	2	2	Hold
GLENMARK	278	258	350	2	-7	Hold
GSPL	98	95	125	2	-3	Hold
GUJ NRE COKE	72	57	110	2	-21	Hold
IFCI	54	54	75	2	0	Hold
MRPL	78	67	100	2	-14	Hold
NEYVELILIG	152	147	196	2	-3	Hold
POWERGRID	109	101	141	2	-7	Hold
SUZLON	75	53	140	4	-29	Hold
JUBILANT	325	345	450	2	6	Hold
FSL	30	25	38	2	-17	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	-2.38

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• 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.