Idea and Bharti follow up

I had written about telecom stocks Idea, Bharti and RCom in my previous post on 3 Mar. Wonder how many had taken that post seriously. Shorts are covering their positions in Idea and Bharti in a big way. If Idea crosses 70 then it could be termed 'bullish'. Bharti has some more price points to conquer though. It should take out 350 convincingly before we take it seriously. Else there could be more selling in Bharti at 340 to 350 levels.

I am very bullish about HDFC Bank for quite some time. Their business model is good, the service is professional and they are expanding in a big way into rural India. I think above its lifetime high the stock is going to zoom. One should be buying it on all dips. Good level is 1550 if one can get it.

Larsen, HDFC, SBI, Reliance are doing good work. Some more market friendly reforms and our stocks should be zooming. For a disciplined investor who invests every month (SIP) this rally would buy less stocks for the same amount of cash. But that is the nature of the beast called 'market', the ever so unpredictable.

rgds
Vibhas