Friends,
I suggest everyone not to buy anything now.Market is looking weak atleast for the month of March.Let March pass by....
WE can see lower levels ..........and may test even 14000-14500...
Hence refrain from buying anything......
Best Luck.....If anyone having position in F&O please sell it.....
And last...I may prove wrong......take your own call.....
Rajeev
Rajeev,
ReplyDeleteI am amazed by ur post. A bullish & optimistic ,long term investor like u is turning cautious!!!! Can i know the reasons behind this??? Is the budget the culprit or global markets... plz share ur wisdom with us..
Hi Shreedharan,
ReplyDeleteI am optimist and bullish but not a fool.When I know that USA economy is in a transition state and may take 2-3 qr to recover, and when market is following the global trends and ignoring the positives of India growth, it means we are in for a drubbing....and that may take us to 14k to 14500....
More over the deathknelt given by our market in January, 21st and 22nd where it takned by 2000 points each day with twqo days consecutive down circuits....that was a record in our history.
Well,people who ahs lost in that carnage is yet to recover the loss and they will have to sell at every rise to pay the loss.
So untill new breed of investors come to stock market market will remain dampened.
More this is the month if March and it is Year ending month for all and sundry, from Brokers to lenders and buisness man to employees.Hence the liquidity will remain quezzed...and that is the another reason for me to write, that let March get passed.........
But I think after Mar wwe should see a good rally...
Dear Rajeevbhai,
ReplyDeletePlease throw light on one development, which i am not able to justify. Till Jan 15th, the all stock mkts, Crude, Gold, Non ferrous Metal, steel (Each comodities) were almost rising togather.The US slow down, sub-prime issue were here since last August but our stock morket was enjoying bull ride with all the comodities till mid Jan. They all were ignoring above issues.
But from Feb onwards, surprisingly, all comodities are near to their all time high prices (Gold, Crude, Copper, ALuminum & few Agro products) but our stock mkt is on reverse trend. Globally, the volume of stockmarket is very less compared to the volume of Comodity Mkt. Why did stock mkt started to move in oposite direction to major comodities and all news media, brokers, etc are making hype of Slow down?
Please make me understand.
Regards,
i defer you rajeev,because i have learned from you and others that when every body advices you to sell it is time to look into good buying opurtunities of fundamental stocks.Mazda ltd is one case.an example of a fundamental stock available at a very reasonable P/e and all other funda jargaons. secondly everybody from media to analysts,to guys who doesnt know anything about stocks is talking that market will go down further so in short the potential buyers are told not to buy so,the crux of the situation is only sellers and hence the market goes down and down,smart people are buying in staggered quantity,delivery position speaks of the same.
ReplyDeleteone can never catch the bottom,i know of many people who have been left out waiting to enter,mutual funds are sitting in huge cash,india growth story is still strong,reason like cricket all the youth are in a upward trajectory mode and bottom line is there is no other place other than india who is out there to buy a telivision,mobile,fridge,car i mean consumption,all the roads to be improved,new bridges to be made,transportation,system to be improved,etc etc anther 20 years of growth to pakka hai,so buy for long term.leaving behind the sensex,buy in small lots always if you have cash.because cash is king now.aur six months yah oppurtunity milega.
ofcourse when rajeev tells 14k to busss sure 14k.because the biggest bull is telling it.how i wish rajeev the eternal bull does not speak like our so called anlysts but he had to. rajjev longterm sensex 25k to 40k pakka hai kya.
Aree bahi....let me know yuor name...
ReplyDeleteAnyway,Yes Mazda Ltd is good and worth a look.I track it since long...when it was 15 and 10 paid up then it splitted to 1 paidup and then again consolidated to 10.
I like it.
Well,the targets I wrote of sensex, be it 14k to 14500 or maybe 14700, or the higher one like 28k to 30k....all can go awary....I am no God....
But yes, I can only say that India story is not over and new highs are bound to be seen....
Is it time to buy?
That depends upon individual.....
I am nit the judge...
Man, I have no vested interest and hence I have not to speak like so called analyst.....
Actually I am no match to them...I am not learned like them....yhe charts..the Wave theory...Elliot wave, Dow, Japanese candle,donno whether there is Chinese Candle theory.....or Neo Wave theory...
I do not believe in all these theory and that I have written clearly here....