Fabulous-15 Update

Nifty has failed to move past 5500 so far and it shows a double top formation at 5492. As long as 5350 support is held short-term traders should not worry while real caution needed for investors when Nifty breaks 5200. But by that time a lot of stocks would have already fallen heavily so it is better to take informed decision now only. As long as Nifty trades below 5600 the rising wedge impact can not be ruled out and for Sensex we have 18700 as target this year, until that is crossed one would rather maintain strong cash position than buying aggressively. Indian market P/E still at a high level (Nifty 23, Dow 14, Nikkei 11) so we have something to worry. FABULOUS-15 is up 5.94% and SUZLON is showing some base-building formation where crossover above Rs. 63 very good strength is anticipated in the stock.

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	116	152	2	5	Hold
EKC	156	119	189	2	-24	Hold
EMCO	91	73	130	2	-20	Hold
GLENMARK	278	268	350	2	-4	Hold
GSPL	98	112	125	2	14	Hold
GUJ NRE COKE	72	60	110	2	-17	Hold
MRPL	78	77	100	2	-1	Hold
NEYVELILIG	152	156	196	2	3	Hold
POWERGRID	109	102	141	2	-6	Hold
SUZLON	75	58	140	4	-22	Hold
JUBILANT	325	353	450	2	9	Hold
FSL	30	26	38	2	-13	Hold
IFCI	54	62	75	2	15	BP
GIC HOUSING	88	122	150	2	39	BP
GREAVES COT	286	338	352	2	18	BP
SKUMAR	41	49	70	2	20	BP
ABG SHIP	210	270	270	2	29	BP
Total				28	-0.03
Add:
Interest @ 6% for 7 months					3.50
Total % Returns					3.47
Annualized Returns %					5.94

• This is just a model portfolio.
• Be just 28% invested and don't do averaging for the sake of that.
• Do not 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 28% so that in case of market rally we don't miss the opportunities.