labels: nse forecast, investment - general
NSE forecastnews
Ashok Kumar
23 January 2001

It was only a matter of time before the Indian IT brigade bounced back into the reckoning. The simple fact is that there is no other segment in the Indian context that offers such a potent growth rate. Now, even if the same were to start slowing down, which is inevitable, it would still outperform the other sectors. Moreover, the undercurrent seems to be turning more positive with hopes of a pre-budget bull run beginning to float.

Again, there are trading gains for the taking and while those with a bearish sentiment will be treading on thin ice herefrom, compulsive traders could consider taking up short positions at the counters of MTNL at Rs.191 (cover up at Rs.172) and SBI at Rs.238 (cover up at Rs.221).

Long positions could be considered at the counters of HCL Technologies at Rs.627 (square up at Rs.706) and Polaris Software at Rs.475 (square up at Rs.511). The portfolio pick of the week is Visualsoft and the optimal course of action this week would be to seek trading opportunities.

(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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