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Tuesday, October 14, 2008

Pull back in Place

As i said in my last post that we are ready for the pull back, yesterday there was the Great rally. so where can this pull back end 3600..3800..4000? don't go all long that can be dangerous, take small small longs after each hurdle is taken out keep adding more and as soon as we see signs of pull back getting exhausted, liquidate all longs. I guess we are not going to sustain this pull back for very long.

Some very good long term investment can be done in below companies. Most of these are going to be benefiting from the nuclear power investments that is being done by government. We may see these companies going down with the market but when it starts rising it will fly and you won't be able to catch it. What can be done is keep buying 10% of your target investment for next one year on every DIP.

Alsthom Projects, Areva T&D, Gammon India, Larsen & Tubro, NTPC, ABB, Crompton Greaves, HCC, BHEL and Rolta. India willing to build upto 35 to 40 civilian nuclear reactors across the country by 2020 to meet the growing power requirements by nation. There are companies like state owned NTPC which is going to be the major beneficiary along with Areva T&D and Alsthom Projects, specialized manufacturing equipment for nuclear reactors as well as service. Companies listed above are leaders with most advanced technologies in their field of services that can meet any national and international standards.

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