nifty moves 24.06.2014 SUGAR STOCKS CAN GIVE 20% CAGR in next 3 years We are slightly disappointed by the way nifty n markets are behaving and sentiments are so much bullish on the street that nifty is not able to move on negative territory. This is only because of MODI’s decision making style and the way modi is taking decision on policy we believe in next 12 months we will definitely have a STRONG ECONOMIC FUNDAMENTAL to boost markets and setiments on higher levels. We are revising our downside targets on upward from 6800 to 7000 level and believe that every downside is a very good opportunity to inevest in the equities with year end target of 8200 on nifty. For today we believe nifty might trade on higher levels and 7580 will be hurdle for todays session, sugar stocks will move on upper side and good bet to invest for 3 year term we are expecting atleast 20% CAGR on sugar stocks from here onwards for next 3 years of time. Ehthanol mix Petrol will be a very good decision, including raising of IMPORT TAX and will add to positives for SUGAR stocks.
Posted on: Tue, 24 Jun 2014 04:04:24 +0000
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