Senxex trades weak, Fundamentals Intact

Investors should not Panic, India Story Intact

The sharp fell in the stock markets witnessed yesterday resulted in panic selling among investors. The markets opened today on a positive note, however that was shortlived. Soon the sensex dipped again to Red. It is true that in this wave of correction in small and midcap stocks, many good stocks also took the beating. Even large cap stocks came under the fire.

Let's see what have changed in the last few days. I do not find anything missing except the momentum and hence those stocks which were running just on momentum and didn't had any fundamentals to justify their momentum fell like nine pins.

It's important for small investors to avoid a temptation of making fast bucks and buy stocks on hearsay.
However, the silver lining is that those investors who are sitting on cash and waiting for the markets to correct will find some opportunities to enter the markets at lower levels. The long term sentiments is still bullish.

Stocks which look good pick for Investments include Gujarat Ambuja, Hindalco, Reliance Industries, Moser Baer, Dishman Pharma, Allahabad Bank and Jindal Viaynagar

Happy Investing !

Next on this Blog:
IPO Update :Southern Online


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Anonymous said...

Hi rajesh ...........

whats your opinion on SISCOL
southern Iron and steel a jindal company ?

Thankz in advance Rajesh ...............

Narendra Kumar said...

Hello Rajesh,

Can you list out few more value buys at this point of time.
It would be great if you can give the price at which we can enter and also the target.
I am looking for long term investment only.
Is it ok to start buying from Monday or is it good wait for few more sessions before taking a decision?


Narendra Kumar said...

Is it good to enter Hindalco now?
It has announced the rights issue and also stock split.
The record date for split is 6th September which is already over.

So, throw more light on this and also suggest what to do?