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Markets on a comeback trail
Yesterday’s rally in the markets was the one we have been waiting for quite some time. Anyways,patience always rewards. It was time to cover some of your remaining shorts(not hedges) and go long.
I ignored the banking sector in my analysis and it was the one which powered the index. Thats the advantage of following the markets- you don’t feel the burden of “predicting them”. Technically this upmove can take us to 6000+ on the NIFTY. And if it doesn’t we stand to be whipsawed.
Keep an eye on capital good stocks as well as the banking stocks. And use every bounce in IT to make your exits. You can always feel “comfortable” buying these beaten down stocks but comfort always doesn’t bring money!
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INDIAN STOCK IDEAS 
I have pruchased RPL at 131. Now i feel that its a high rate and i want to purchase more to decrease my average cost. what is a safe rate to purchase few more shares.
Ashish -It happens some of the days but not on a day like today! If markets is up 4%, then your portfolio should be up atleast 2%-3%.
Infact today all the usual suspects like L&T,RIL,SBI etc. were moving.
Of course, if you put all your money into RPL, then you’d have seriously underperformed today !
Anyways it is more important to outperform for longer durations and for that you need a few multibaggers in your portfolio.
Divakar- My guess is that this is again a case of “over ownership”(just like RPL). Everybody holds the stock and there seems to be no added demand coming in for the stock.
Every rise in the stock shall be used to get out of the stock and move to something else..
U can put a 135-140 stop loss to protect your profits.
Hi Sage,
Today is a big rally in indain stock market, but why Power grid is lagging behind the rally.Hope it will lost the momentum.
Regards
Divakar
MARKET HAS RISE almost 900 points …. BUT MY PORTFOLIO IS ALL SAD, SEEMS COMPLETE OFF DAY FOR MEE 😦
DOES THIS HAPPENS TO YOU SAGE???>> THAT MARKET ALL HIGH BUT UR PICKS NOT GOING WAY U LIKE??>>>
SAGE IS IT CORRECT That if economy is GROWING financial sector will ALWAYS GROW, OR amONG firsT runner TO GROW???