Tuesday, July 6, 2010

FABULOUS-15 Tracker

FABULOUS-15 has closed in positive today and individual stock performance has been above average. GSPL has given a major breakout and if it can sustain above Rs 103 for 2 more days we would soon see our target hit, all time high Rs 114 for GSPL. ADHUNIK MET is a surprise stock and can move faster while JUBILANT is very close to its all time high Rs 400 on NSE, soon we can see our target getting achieved there too. GIC HSG has given Rs 4.5 dividend and still looks strong. SUZLON rights issue is over and stock shows accumulation, though it has been an underperformer so far.

FABULOUS-15 TRACKER (Prices in Rs)
Stock
Name
Reco
Price
CMP
Target
%
Weight
%
Returns
Action
3IINFOTECH
87
63
118
2
-28
Hold
ADHUNIK MET
110
114
152
2
4
Hold
EKC
156
134
189
2
-14
Hold
EMCO
91
80
130
2
-12
Hold
GIC HOUSING
92
111
150
2
21
Hold
GLENMARK
278
272
350
2
-2
Hold
GSPL
98
105
125
2
7
Hold
GUJ NRE COKE
72
62
110
2
-14
Hold
IFCI
54
57
75
2
6
Hold
MRPL
78
82
100
2
5
Hold
NEYVELILIG
152
161
196
2
6
Hold
POWERGRID
109
102
141
2
-6
Hold
SUZLON
75
58
140
4
-22
Hold
JUBILANT
325
372
450
2
14
Hold
FSL
30
28
38
2
-7
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
0.03


JUBILANT and GSPL near breakout:




  • 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.
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