Friends,
The Nuclear Deal is through.NSG has given the nod.
Now Prez Bush has to pass in the Congress.
Well, that is a trigger for our market to go up on Monday.Dow tanked by 300 points and still our market didn’t go down by 1000 points which use to be the case in the past.We use to see that type of mayhem in our market.It use to be 3 times what Dow use to be down.But our market went down by only 400 points and many were thinking that our market will tank by over 600-700 points.
Seems the decoupling is taking place in some way.
Actually there is no room for stocks to go down as most of the stocks are already down by 50-60-70% or even more.Some of the A gr stocks are still high and hence room for them to go down further but that may even not happen.
Well, I still believe that Bull Market is intact and we are not in a Bear Market.All the Bull Market ended in a Scam and there is no Scam.I have written many times here that if FII’s have not sold 69,000 cr since Jan last then we would have not seen this much down side.
I would like to ask everyone who are bearish that if FII would have not sold Rs 69000 cr has we have been at 12500?Another queation.....had FII sold Rs69000 cr due to slow down of our or due to Subprime LOSS?
I think one should be able to find the answer in this question....
Our growth is still around 8% GDP and by any standard it is still excellent.The results that have come uptill now is not atall that bad and remember that this results have come while Crude was at $140 and more.Now with Crude coming down and with that inflation will also come down we should see a good results from next quarter.
Now there are no such stocks remaining where investor can loose money as almost all stocks are down atleast by 50%.There is no more room for stocks to go down and hence it can be safely said that if you have not sold anything , don’t sell it now thinking that market can go to below 10k level.Ofcourse this is my view and one must take a call on his own.
Above 16000 level the bears will take our market to over 18k level on short covering and from then on we will be again in Bull Market according to the technical analyst .The charts are not exhibiting bullishness but everyone knows I do not look on charts.I know we had a trying time for last 6 months and I have been proved wrong on more then one occasion in this 6 months.So it can be everybody’s guess what to take from what I writes.Why I do not believe charts?Because they have proved wrong for the whole bull run.I remember I do have arguements with others at MMB when they use to give bearish call on base of charts and technicals and they have to often eat the word.I will only tell here that those who feels that they were able to see all these levels of 12k , then 16k, then 21k and also able to see the down levels from 21k to 12500, and also acted accordingly , as I assume that when a person sees all these he should have acted accordingly, then he must be the richest person in India.Maybe he says he is a small player even then he must have made millions as seeing all those levels upto 21k and also seeing 12500 levels can give multiple returns, by say atleast 15 times and not less.So if even one starts with 1 lac he will be at 15 lacs and more by now....
I see the valuations and see the situation.That is the bottom line that I am following.Huge investment is coming in Power sector, Water management,Telecom,Infra that we don’t need to look for export.More over with rupee depreciating that sector is also going to out perform ….viz: IT ….it will be the main beneficiary as I can’t speak more on other export oriented sector but in IT we are almost at par with USA.
Try to find companies with niche products and software which can give multiple returns in IT Viz:E -Commerce,E-business,animation,Media, Search Engine etc ,all these sector will grow with at over 40% year to year for next 3-4 years.Just heard that ADAG is taking over Fame India(Old Shringar Cinema) so watch out for media stocks like, BAG Films, Baba Arts , Grey Cell Entertainment etc.
Google has come out with a new browser ,named Google chrome and it is fast and looking nice.Anyone can down load it from internet and use it.It is a challenge to Microsoft for its Internet Explorer browser which we use.It is also a challenge to Fire Fox as well.
Comments:This is exactly written at my blog......
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