labels: nse forecast, investment - general
NSE forecastnews
Ashok Kumar
12 December 2000

With the latest Morgan Stanley Country Index turning out to be less harmful than feared, an undercurrent of bullishness seems to have returned to the Indian market.

The corrective bounce-back of the Nasdaq also seems to have played its role in reviving some confidence at technical counters. Despite this, the general consensus is that the sentiment in the media and technical counters is a manipulated one.

There are fair trading opportunities on offer at the moment and bull operators could consider taking up long positions at the counters of Satyam Computer at Rs.381 (square up at Rs.419) and Visualsoft at Rs.905 (square up at Rs.982).

Short positions could be considered at the counters of Pentamedia Graphics at Rs.382 (cover up at Rs.355) and Bajaj Auto at Rs.272 (cover up at Rs.249). The long-term pick of the week is Mastek and the optimal strategy for the week is – start unwinding long positions if the market rallies.

(Ashok Kumar heads Lotus Strategic Consultants, Mumbai. While due care has been taken to prepare this report, readers are advised to take specific investment advice before taking any investment decisions.)



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