22/08/2019
I may be excused for not writing since there has been nothing really to write about!!
If you read and read between the lines, it is that the world suspects another mild to moderate recession, Demon and GSTs after effects on mid and small caps relentlessly continue to badger the markets and the broader market continues to collapse like a deck of cards!!!!!
I for one now have only friends and no enemies because I did write to get out, profit or loss before it is too late!
Although the DIIs have been absorbing FII sales, all they are doing is buying a few IT, Banks and FMCG counters to keep the Nifty afloat .
Sir Isaac Newton’s verdict is that all booze, cinema, super markets, and select multinational FMCG and IT shares will go up because they will not go down and the rest of the market will not go up as it can only go down!!!!!
Jo Dar Gaya So Mar Gaya is for those who have no choice but to lick their wounds.
Buy Gold and silver when they go down and buy those ten index stocks because the DIIs have to salvage some face to their investors to show.
No one can time the markets but the best times for buying may yet be away. Traders can continue to hammer the market. After the metal pack, Wipro , ITC , SBI and the entire PSU stocks plummeted . Today it is DLF********
Don’t waste your time on stocks and if you are a long term investor buy the HDFC, ICICI group the Colgate, Neste, Lever , Infy , TCS , HCL Tech Variety and forget about what you bought .
Whether ADAG, DHFL, Yes Bank and those types will come back, I can join you in a silent prayer .
I write what the market tells me, good or bad and so, I’m sorry if the truth hurts but cash in hand is better than the paper you hold . So pl don’t add more paper unless your toilet is short of it.
Adieus from Ajay Minocha 9959612092