As I said earlier, you will see 4200 before 5500. any bounce should be used for exit. DO NOT --- DO NOT enter in the market if you see any upward break out because it will be nothing but the trap. I have predicted market crash when nifty was 5280 and people were talking about 5500 nifty.
sell gitanjali gems at current level or at bounce.
Impossible. Only profit booking and little disappointed with corporate results. I do not think Gitanjali result will be bad. It will be very good. Hence Buy Gitanjali Gems at every deline. Fudamentals of Gitanjali and Indian Corporates are good. Use this opportunity to buy. do not get panic with Tejas opinion. Market will bounce back with more powerfull.
Exports of gems and jewellery from India, the world’s largest supplier, rose 45% in December to $1.89 billion (Rs8,694 crore), the Gem and Jewellery Export Promotion Council’s website said.
With an expected EPS of 4.5/-in this 3rd qtr.(first 3 qtr EPS of 20/-) & a moderate P/E of 10 this stock should reach 200/-.But this is going to happen only after completion of buyback. If anybody knows about the buyback completion date plz reply.....
This guy seems to have a hidden agenda. Just click on his name in the subject line to see his past history of messages. You will know that the same guy had predicted better returns from GG a shortwhile ago. Yes, the market may go down but nobody, not even the best experts can predict the market turns either up or down.
dear RAKR , i am still saying gitanjali will give you excellent return in long term, however, currenttly market sentiment has changed clearly due to heavy volumes on two consecutive down days.
I have no hidden agenda, except want to save people`s money by telling him not to buy in this fall.
Not at all, exit at every bounce. you can only hold it if you can hold it for one or more year.
I have warned everyone when nifty was 5280. i have predicted that nifty will touch 4200 before 5400. But some members thought , I am here to creat panic so they have removed all my warning messeges.
I am still telling you, use any dead cat bounce to exit, you can only attemp to buy at 4600 level. because from 4600 to 4200 fall will not be in the straight line like what happened with 5280 to 4800.
This man is crazy. Do not sell Gitanjali Gems. It will move up and down according to market trend today but not more than below 110. If you sell now and wait as per his suggention for 80 level you may not get Gitanjali Gems. Buy now and forget for small downside. Tomorrow Gitanjali result be out and it will be good. I think market will be start upmovement from monday onwards and with the Good result Gitanjali will fly.
I don`t see NIFTY falling below 4700 and gitanjali below 100/-. With a P/E of 7.2 @ 110/- and compared to it peers P/E of 20 and above this stock is going to reach 220/- (WHICH IS ITS BOOK VALUE)easily once the buyback @ 120/- is finished which has become its resistance level since April 2009.
| NIFTY 
