You have not missed the bus….
Deciding level was 4667 and Nifty made low of 4770 and bounced back with a bang. Astrologically this was due to the full moon day effect followed with the venus transit. Next Week will be volatile as we have lot of data points the crucial ones are …
1) 12 June: IIP data for Jan 2012 (Expected 1.5%)
2) 14 June: Inflation Data (WPI)
3) 15 June: Advance Tax Payments due for Q1FY13
After Greece its Spain now… all said and done few factors that come to my mind for the next week looking at the starts are as follows…
· Uranus – Pluto square and Mercury adds in completing a triangle pattern that’s a dicey situation
· Sun and Saturn looking at each other is also an indication of trouble
· While these two negatives will make the market volatile
· By mid of the week there will be some optimism back with Mercury - Venus aspect…
· Remember my theory … the new moon day will make the markets move up
So this week will end good and early next week will also see a good start and then go short in the markets the June ‘12 series will see a fall back below 4900 levels and we may have to wait till end of July to see something good happening back end.
Eurozone crisis is not going to end and this is a good time to accumulate few real good stocks for a long term investment that will turn out to be real multibaggars if you wish to hold for in the next 10 years in your portfolio… to name a few which I like the most are …
ü JSW Energy @ CMP 46
ü Adani Power @ CMP 47
ü HCC (Hindustan Construction Company) @ CMP 16
ü Abbot Limited … (the famous health drink Pediasure which every kid drinks) @ CMP 1400
ü Punj Llyod @ 45
ü Reliance Capital … accumulate between 250 and 325
ü Reliance Communication @ CMP 62
ü Last but not the least… Infy, Reliance, Coal India… evergreen for a life time
I remember the following quote by Peter lynch... " “When stocks are attractive, you buy them. Sure, they can go lower. I’ve bought stocks at $12 that went to $2, but then they later went to $30. You just don’t know when you can find the bottom.”
If you have invested in a fundamentally good stock... and if for some reason it comes down one should buy rather than selling.., dont you see when you are selling the stock there is someone else buying it... :-)
If you have invested in a fundamentally good stock... and if for some reason it comes down one should buy rather than selling.., dont you see when you are selling the stock there is someone else buying it... :-)
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