Sunday 25 December 2016

Indian market seen significant correction with time and price levels. Recent global events like US President Trumps victory and Feds interest rate increase too resulted into FIIs outflow since November.Interesting thing is domestic inflow via SIP route is equally good.

At home we have seen excellent ethical,cleanses and long term financial positive step 'Demonetisation' by our Prime Minister, which is going to create huge benefits for India for long term.

Demonetisation impact may be a short term knee-jerk reaction, which is not going to impact economy by anyway in the consumer driven economy like India.If somebody think otherwise as most of the paid media with malicious intentions show in TV channels, they will be behind the progressive growth story of India.

Market reached almost the low point, right time to buy with 50% of your cash and rest buy at 10% for each month for next 5-6 months. We can see a significantly higher level for Nifty/Sensex by 2017 end or in second half of 2017.

One can buy follow stocks now.

Tata Global @ 119
IRB Infra @196
Prism Cement @81
OCL India @ 700
Delta Corp @85-95
Marksan Pharma @ 40
Suditi Industries @ 52
Century Enka@ 262
Asian Paints @ 873
Anath Raj @ 38.2
Mukand @ 50
NMDC @ 122
Arvind @ 340

Will try to provide some more details as we enter year 2017.

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