- Here are a few valuable lessons from Nicolas Darvas’ book How I Made $2,000,000 in the Stock Market in short notes. (a) Price action over news — ignored news, tips and opinions, focused only on price. (b) Cut losses quickly — always used stop-losses and exited fast when trades failed. (c) Box Theory — bought stocks only when they broke out of a trading range. (d) Ride winners — let profits run as long as the stock kept moving higher. (e) Volume confirms price — breakouts with strong volume had better conviction. (f) Avoid averaging down — never added to losing positions. (g) Trade strong stocks — preferred leaders over weak beaten-down names. (h) Ignore predictions — trusted trends, not forecasts. (i) Patience pays — waited for the right setup instead of forcing trades.
- Negative data for the Indian real estate sector. Housing sales across seven major cities declined 6% YoY to 90,715 units in the June quarter against 96,285 units a year ago, as soaring property prices continue to hurt affordability and home buying demand.
- Positive signal from the Federal Reserve. Fed Chairman Kevin Warsh said inflation risks have eased significantly in recent weeks, reaffirming the central bank’s commitment to price stability. If inflation continues to cool, hopes of rate cuts could strengthen further, offering support to global equity markets.
- Friday night closing: Holiday in US markets on Friday and Gift Nifty closed 5 points lower at 24350, signalling a flat opening in Indian markets on Monday, subject to no negative developments over the weekend. Friday saw highly bullish breakouts with big volumes in many cash stocks. Better to focus on selected cash stocks showing strong bullish breakouts, irrespective of Nifty, Sensex and Bank Nifty trends.
- Q1FY27 data: JTLIND achieved 18% higher sales volumes of 1,18,513 TPA in Q1FY27 v/s 1,00,617 TPA in Q1FY26, driven by robust demand, improved capacity utilisation at Mangaon and meaningful export contribution. The company remains well positioned to sustain growth momentum.
- As per market grapevine, stocks to watch include Anantraj, Atlantaele, HSCL, Huhtamaki, Indianhume, IOLCP, Jamnaauto, JTL Industris, Rajesh Power, RBL Bank, Shri Bajrang Alliance, Transraill, Univastu, Va Tech Wabag, Vidyawires, Vilas Transcore, Vodafone Idea and Yes Bank. Time being focus only on selected fast growth-oriented midcaps, microcaps and small-caps available at attractive valuations with optimistic Q1FY27 view.
