The carnage continues…….midcaps were hammered badly…….FIIS which have been buying heavily right from 6500 to 11500 levels have started booking profit…..n have been selling till Friday…n mutual funds kept buying till Friday post which they turned sellers too…overseas market r also facing a bit of correction for the past 15-20 days
People kept recommending stocks which were running high on valuations purely due to liquidity flow…..unreasonable targets were given which were followed blindly….i have been recommending to buy stocks where valuations were cheap n not over-valued large caps.
Many were sitting on low cash marginal just 15%.......wont be able to make use of this correction…I have been recommending caution right from 11000 levels n a minimum 40% cash balance in my previous posts.
Market should stabilize around 9000-9300 levels….though there are many thing which one will have to take care of….the advance – decline ratio have been distressing for the past so many days….the long term story is still intact…MNC’s are pouring billions of money into the Indian market expanding their business.
I will definitely post my picks once I think the market has settle…….those wont cant keep a view of minimum 9-12 months should enter at their own risk….fresh buying not recommended looking at the current scenario
One shld hold a minimum of 15 stocks according to me to spread out their risk
Invest with knowledge
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5 comments:
Dear Ashutosh...
I have been an ardent follower of ur picks and I must say that I have booked lots of profits based on ur recommendations.
But this time, I got savaged and my portfolio is 40% down.
Some of the stocks I bought recently are:
Stock Avg price CMP
Aarti Ind 60/- 42/-
Granules 81/- 73/-
Hiran Orgo 110/- 60/-
Whirlpool 38/- 21/-
Hyd. Ind 390/- 234/-
Surya Pha. 115/- 63/-
Pls let me know if I can add them further to average out and also when do u think, I would get back, atleast my average buy price ?
Tons of thanks in advance!!!
Dear Ashutosh,
Based on your earlier recommendations, I had purchased Zen Technologies(177) and Hiran Orgochecm(126). But now both are down by a huge amount. Pls give your views whether averaging out will help?
Thanks in Advance.
hi
whirlpool was advised at 30 frm where it had touched 43 levels where partial profit booking was advised...n again arnd 38 levels....can refer to my last post....anyways u can stay invested in it....u will get ur price bck...nothing to wrry abt....dont average though
regarding others u can definately average in all others....try shifting granules to other picks as it above ur buy price
see if anything looks interesting in my next posts
zen tech was covered up as a speculative call as positive news were following... as watch was advised post which it did hit circuit.....fundamentally strong...many mutual funds r invested in it
So, nice of U...Ashu.
Thanks tons!!!
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