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November 18, 2024

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As per H.M. Shah, founder of Wealth View Analyst, Nifty may drop by around 1,500 points to 21,982 in the next 2-3 months from its current level of 23,500.
Heavy sell-off in broad markets: Indices fail to reflect the true extent of market pain as many popular stocks witness sharp corrections. Fusion Finance (72%). Spandana Sphoort (64%). Waaree Tech (64%). Zee Entertainmen (60%). Paisalo Digital (58%). Onward Technolog (55%). Sigachi Ind (54%). Cochin Shipyard (54%). Kamat Hotels (53%). Waaree Ren (52%). Ola Electric (51%). Credo Brands (51%). Praveg (50%). Vaibhav Global (50%). Cupid (49%). Sai Silks (49%). Focus Lighting (48%). ESAF Small Fin (47%). Garden Reach (47%). Easy Trip (46%). CreditAccess (46%). Rajshree Polypac (46%). RBL Bank (46%). Syrma SGS (46%). Arman Financial (46%). Lotus Chocolate (46%). Yatra Online (46%). Flair Writing (46%). Shankara Build (45%). Phantom Digital (45%). Satin Creditcare (45%). Krishna Defence (45%). H U D C O (45%). C P C L (45%). Man Industries (45%). Tatva Chintan (45%). Ujjivan Small (44%). Bharat Dynamics (44%). Brand Concepts (44%). Trust Fintech (44%). Jana Small Finan (43%). Bharat Wire (43%). Maiden Forgings (43%). Ramky Infra (43%). Adani Total Gas (43%). Permanent Magnet (43%). Exicom Tele-Sys (43%). Steel Exchange (43%). Sreeleathers (43%). IRM Energy (43%). Gensol Eng (42%). IFGL Refra (42%). RACL Geartech (42%). Sula Vineyards (42%) MTAR Technologie (42%). Utkarsh SFB (41%). Vindhya Telelink (41%). J & K Bank (41%). Swan Energy (41%). I R F C (41%). Tanla Platforms (41%). Paras Defence (41%). Thomas Scott (41%). Equitas SFB (41%). NMDC Steel (41%). Yes Bank (41%). I O B (41%). Titagarh Rail (41%). Aimtron (41%). Popular Vehicles (40%). Force Motors (40%). Capital Small (40%). Kross Ltd (40%). G S F C (40%). Trident (40%). UCO Bank (39%). HLE Glascoat (39%). Manoj Vaibhav (39%). S Chand & Compan (39%). Jupiter Wagons (39%). Mirza Internatio (39%). IIFL Finance (39%). Supreme Power (38%). Sangam India (38%). NRB Bearings (38%). Indian Renewable (38%). Oriana Power Ltd (38%). Suryoday Small (38%). Apollo Pipes (38%). Manappuram (38%). SG Mart (38%). Spencer's Retail (38%). IndusInd Bank (38%). Tracxn Technolo (38%). DDev Plastiks (38%). Union Bank (38%). Sportking India (38%). Tunwal E-Motors (38%). Hariom Pipe (37%). Hindustan Zinc (37%). SJVN (37%). Ganesh Benz (37%). Kuantum Papers (37%). Gandhar (37%). Century Enka (37%). Sheela Foam (37%). Bondada Engineer (37%). Aarti Industries (36%). Rajratan Global (36%). 5Paisa Capital (36%). S A I L (36%). Orient Paper (36%). Jindal Drilling (36%). Ashiana Housing (36%). Krystal Integ (36%). Confidence Petro (36%). EIH (36%). HOEC (36%). Macrotech Dev (36%). Prince Pipes (36%). Mold-Tek Technol (36%). Intellect Design (36%). KDDL Ltd (36%). Macpower CNC (36%). TCC Concept (35%). VRL Logistics (35%). Ksolves India (35%). Rail Vikas (35%). Sandur Manganese (35%). JBM Auto (35%). Zenith (35%). Prakash Industri (35%). AGS Transact (35%). Duroply Ind (35%). Shivalik Rasayan (35%). Sammaan Capital (35%). Texmaco Rail (35%). Bandhan Bank (35%). Orient Bell (35%). Central Bank (35%). Raymond (35%). Som Distilleries (35%). VST Industries (35%). Mangalam Organic (35%). Tinna Rubber (35%). Supreme Ind (35%). Bank of Maha (34%). Ahluwalia Contr (34%). BMW Industries (34%). Adani Power (34%). Filatex India (34%). RattanIndia Ent (34%). Northern ARC (34%). Equinox India (34%). Landmark Cars (34%). Birlasoft Ltd (34%). Hindustan Copper (34%), DMCC Speciality (34%). Parag Milk Foods (34%). HFCL (34%). Poonawalla Fin (34%), NGL Fine Chem (33%). PNB (33%). Puravankara (33%). M M Forgings (33%). Fedbank Fina (33%). Concord Biotech (33%). Saksoft (33%). Sterling & Wils (33%). Carysil (33%). SpiceJet (33%). Universal Cables (33%). Dolat Algotech (33%). Moneyboxx Fin (33%). Goa Carbon (33%). Optiemus Infra (33%). Geekay Wires (33%). KRBL (33%). Shriram Properti (33%). KPI Green Energy (32%). JTL Industries (32%). Sonata Software (32%). Redington (32%). H.G. Infra Eng (32%). Sirca Paints (32%). RHI Magnesita (32%). Punjab Chemicals (32%). Rushil Decor (32%). Kokuyo Camlin (32%). IZMO (32%). Jyoti CNC Auto (32%). Kaveri Seed (32%). Thomas Cook (32%). West Coast Paper (32%). V I P Inds (32%). Sharda Motor (32%). D-Link India (32%). Satia Industries (32%). Coastal Corporat (32%). GHCL Textiles (32%). Eldeco Housing (32%). SIS (32%). Uniparts India (32%). Atul Auto (32%). Timken India (31%). Chemplast Sanmar (31%). Bajaj Housing (31%). Transpek Ind (31%). Ideaforge Tech (31%). Omaxe (31%). HPL Electric (31%). Global Health (31%). SKF India (31%). Tarsons Products (31%). Amara Raja (31%). Om Infra (31%). Piccadily Agro (31%). Apcotex Industri (31%). Selan Exp (31%). Goodluck India (31%). Faze Three (31%). Ambika Cotton (31%). IKIO Lighting (31%). NDR Auto (31%). Ador Welding (31%). Datamatics (31%). KMC Speciality (31%). Avanti Feeds (31%). Mazagon Dock (31%). IOL Chemicals (31%). Adani Energy Sol (31%). AVG Logistics (31%). TajGVK Hotels (31%). Shoppers Stop (30%). Pondy Oxides (30%). Pakka (30%). Swelect Energy (30%). Delta Corp (30%). Cyient DLM (30%). Rupa & Co (30%). Graphite India (30%). Prataap Snacks (30%). Rain Industries (30%). KPIT Tech (30%). Indices show limited decline, but stocks are falling as if there is no tomorrow.
Brutal sell off: The Indian stock market faces its worst broad sell-off in 2 years with over 80% of stocks down by 25-30% from their 52-week highs, 50% decline over 30-40% and 25% closer to 50-70%. Only 15-20% remain flat or near their recent highs and just 7-8% hit new 52-week highs. Reasons for the fall include: 1. 75% of small caps and midcaps remain expensive despite corrections. 2. IPO market absorbed Rs. 48,000 cr., impacting liquidity. 3. FIIs sold Rs. 1,43,888 cr. between 1st October and 14th November. 4. Post-tax returns declined due to higher STT and taxes. 5. Rising US bond yields and dollar index spikes. 6. Inflation hindered RBI’s ability to cut rates in 2024. 7. FIIs shifted to cheaper markets like China and Japan. 8. Rupee at all-time low and economic slowdown persists. 9. Recession fears and market dynamics led to delivery selling. 10. Lack of government action or positive statements despite hefty corrections alongside weak PSU Q2 and H1 results. As per market veterans, this phase may stabilize soon. Despite short-term dips, Nifty 50 rose 26% y-o-y, 36% over 3 years and 104% in 5 years reflecting long-term growth. Accumulating quality stocks during corrections could yield significant gains as market sentiment improves. Stay focused, invest systematically and follow a disciplined approach.
The stock market game is unpredictable: Buy and it falls; sell and it rises. Place a stoploss and it hits; book profits and regret it later. If you do nothing, then you will feel people all around are making profits, only I am left behind! The market is struggling at higher levels with consistent selling pressure.
As per market grapevine, if BJP forms the Maharashtra government, the market may rise but a Congress-led government could trigger another round of selling. Maharashtra's election outcome is crucial much like the Lok Sabha election for big players.
Biggest stock market crashes in history: 1) 1929 - The Great Depression: 90% market wipeout, leading to a decade-long global downturn. 2) 1987 - Black Monday: A 22% plunge in one day, the largest in history. 3) 2000 - Dot-Com Bubble: Nasdaq dropped 76% due to tech overvaluation. 4) 2008 - Global Financial Crisis: Lehman Brothers' collapse led to a 50% decline. 5) 2020 - COVID-19 Crash: 34% drop in just over a month as economies shut down. History shows markets recover—always be prepared.
As per astrology view some important turning dates are 18, 21, 25 & 28 November 2024. With Saturn turning direct on 15th November in Aquarius, expect potential volatility and a shift from bearish to bullish trends in the next 16 days.
In 6th January MTTs, NSE SME S J Logistic given at Rs.190, touched Rs.725 - a superb gain of 282%.
In 27th January MTTs, Essen Specialty Films given at Rs.219 touched Rs.726 - a superb gain of 231%.
In 10th February MTTs, Univastu given at Rs.134 touched Rs.276 - a gain of 106%.
In 21st Sep MTTs, Sharda Crop Care given at Rs.538 touched Rs.832 - a gain of 55% during the week.
In 26th October MTTs, Amal Ltd given at Rs.377 touched Rs.488, Multibase India given at Rs.252 touched Rs.328 a gain of 30%, Parag Milk Foods given at Rs.193 touched Rs.224, PNB Gilts given at Rs.115 touched Rs.124, NSE SME Rulka given at Rs.363 touched Rs.431, Tyche Ind., given at Rs.180 touched Rs.217 during the week.
In 1st November MTTs, Multibse India given at Rs.261 touched Rs.328, Tyche Ind. Given at Rs.183 touched Rs.217 during the week in bearish sentiments.
Last week in 9th November MTTs, PIX given at Rs.1683 touched Rs.2260 during the week in highly negative market sentiments.
In the current bearish market, focus on stocks like Banco, Cochin Minerals, Dcal, GGAuto, HFCL, Hindadh, ITHL, Josts, Lactose, Indtoner, Ipcalab, Resonance, Mafatind, Morepen, Naharpoly, PFC, Sagarsoft, Shawgeltin, Sika, Somiconvey, Srhhypoltd, SNL and Wabag for potential short to medium-term gains. Stay disciplined, develop a solid strategy and minimize losses.

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