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Adlabs Films Most active discussions of 2006 , 2007 & 2008

Guess on Vote of Confidence (14) 22-Jul-08 11:33

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Posted by: paztiruyh on ( 22-Jul-08 11:33 )
Price : BSE: Rs 428.00 ( 4.17 % ), NSE: Rs. 427.70 ( 4.13 % )
Dear Friends, On the day of trust vote let me select my party and I feel their is 60% chance for UPA to go through and thus markets can rally till levels of 4400 on nifty if UPA goes thru today. Short term buying is advisable and exit at levels of 4400, but no shorts are advisable and I have covered all my shorts today at break even to small loss and stoploss on RNRL and Adlabs triggered. Personally sitting with 100% cash and will go long only tommorow once the news is clear. Guessing today and taking a position on the either side is dangerous. But if some one is adment to take position today itself then going on the long side is advisable. Investors who are stuck are advised to exit on the positive news since fundamentals still remain very weak and one can think of exiting their positions at Nifty levels of 4400. Fresh buying for long term not advisable and short term buying for a small upside of NIFTY to levels of 4400 can be considered by proffessional traders. Best of luck to people who are long on adlabs and if UPA goes through which is most likely, then all Anil ambani stocks will go up because of Amar Singh supporting to UPA. Regards. Pazitury Regards. Pazitury

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