labels: nse forecast, investment - general
NSE forecastnews
Ashok Kumar
11 April 2001

With all the nefarious activities of the so called new bull now being now being made public, there is ample evidence to nail the manangements of several companies who have worked hand in glove with this market manipulator to ramp their stock prices. It would, thus, only be right to send these management personae too to the slammer where they belong along with their one time benefactor from the market.

Else, this whole exercise of having discovered these manipulative market practices would be rendered redundant. Furthermore, such an action might pave the way for a cleaner and more transparent future market, albeit in the long term. For now though, there is no escaping from the extreme pessimism that has enveloped the Indian bourses.

Bull operators, if there are any left, that is, willing to take a punt could consider taking up long positions at the counters of BHEL at Rs.121 (square up at Rs.129) and Dr. Reddys Labs at Rs.964 (square up at Rs.991).

Bear operators could consider taking up short positions at the counters of Zee Telefilms at Rs.124 (cover up at Rs.101) and Reliance Petroleum at Rs. 49 (cover up at Rs.42).

The dark horse portfolio pick of this week is Opto Circuits whose monopoly status in a niche segment could help it become an outperformer during FY 2001-02 .

(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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