CMP 249.5 BSE 18153
The strong gush of liquidity and the sector roration that the Market is dishing out seems to indicate that the next upward frenzy could well be in the Realty space. A number of stocks in this space have already run up but there seems to be room for plenty more upside.
The strong gush of liquidity and the sector roration that the Market is dishing out seems to indicate that the next upward frenzy could well be in the Realty space. A number of stocks in this space have already run up but there seems to be room for plenty more upside.
- In an earlier post dtd 15/1/2012, I had given a conservative 12 month target of 251 on the Scrip, but obviously the market has other intentions since the target has almost been achieved in a month!!!!
- If the stock closes above 247 levels for a few more sessions, it will be ripe for the next upmove which will eventually take it to 269 levels.
- This leg up from CMP 250 to 269 could take a little time or maybe I would be wrong again and we end up seeing 269 in a week?!!!! Anything seems possible in the current market mood.
- Anyway, positional traders could play for 269 in the medium term.
- And , of course, long term investors should remain invested.
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