Avoid markets till govt is formed: Jhunjhunwala

Volatile Games

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“My advice is to stay away from the markets between 16 May and 30 May as there will be volatility in the markets post-elections,” Jhunjhunwala, 48, said in an interview. Our advice would be trade rather than invest. We expect volatility would increase many times. In these circumstances timing the market is very very difficult. It is advisable to trade in small quantities with strict stop loss and profit targets.

Suzlon is again in the news. The media reports said that the prototypes supplied by Suzlon to REpower have been rejected by the latter for its project in Shandong province in China and that it had obtained the blades from another manufacturer. Wait for full facts to emerge. If it goes down another 20%, then BUY BUY. We are very bullish on this stock and may expect mind boggling returns in next 5 years. Good long term bet. These uncertain times gives opportunity to enter into this stock.  

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