Over the last 11 trading sessions in January 2012 so far, only two or so marginal negative closes and today was a convincing pull shot over long on for six! What a T20 match this could turn out to be. The Shewags & Dhonis (read Jaiprakash & Tata Motors) are leading the attack from the front. Jaiprakash & Tata Motors have provided 20.85% & 21.45% returns in just 11 trading days so far in 2012 while the Nifty Index has provided only 7.65% during the same period.
Well, there are other scorers too, and the list in the 50 heros who are racing is long. These two are standing out. Yeah, the previous match (2011) was a mini disaster for these players, but if this continues then we are looking at some sort of redemption from these stocks.
The match has just begun and there is lot to come in the coming weeks / months. Near terms the earnings season has just started, so this is not the right time to uncork the bubbly and party. By mid-February 2012, will we know where we are heading amongst other things. In between, we also have to contend with the Dr. Subbu effect which returns (like a comet) on January 24, 2012.
Today a lot of beta got traded and I now wonder what we would be closing this week like. I only hope the positive momentum set this week retains for another three days, since with this; we could be closing on a really firm note. Plus, if the Dr. relents and cuts rate by a minor margin, then we could have it all the heading to 5100.
I would then turn on with caution and assess the situation. But for now, let us let our hair down and let the music flow.
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