Friends,
I have not addressed you after the budget days. It was because I you to stick with the purchases as advised since market had potential. There was nothing to upset the Nifty's advance. There has been almost 7-8% gain in Nifty after budget and its time to take stock of the situation. You can now reduce your investment by 40 to 60% and be ready with cash in hand. Hopefully there would be opportunities along the way to grab. The auto sector does not hold any immediate promise at this stage hence may be exited. Cement and Steel shares would be Okay to hold. Nifty closing at 5124 is very encouraging and further advance from here would see return of volatility too.
Hari Om,
Krsna Khandelwal
BIRDINFO Stock Rx - A prescription for stock market
We look at five economic and financial aspects of the company each quarter for the stock price valuation and have developed a valuation technique called 'Pancha Tattva Stock Teknik'. This is same interplay as exists with nature's five elements namely Earth, Water, Fire, Air and Sky. Each valuation should be assessed in terms of a delta change from neutral value of 1000 points. Higher the value, the better is the stock and the market price may be due for appreciation above neutral value.
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