Money Times Talk
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July 22, 2024
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- As per market veteran, “never fall in love with your stocks”; invest rationally. Know what, why, and how a business is thriving. Money is made by conviction, not just screen trading.
- As per technical expert, expect high volatility and huge volumes in the next 16 days due to the Budget and Q1 results. Trade with strict stop losses, avoid over-trading and leverage. Focus on growth-oriented investments to protect your capital. Consider booking profits, but hold onto long-term investments.
- SEBI Chief: The surge in F&O volume is now a macro issue, raising concerns that household savings are being diverted to speculation rather than capital formation.
- Last Leg of Bull Run: Stocks rise parabolically, IPOs surge, and PE re-ratings happen. FOMO drives people to liquidate assets and borrow to invest. Smart investors know when to accelerate and when to brake. Enjoy the bull run!
- As per market veteran, to succeed in the stock market, understand: 1) Research and analyses, 2) Business models and growth, 3) Patience, 4) Valuations and 5) Treat the market as a business. Big profits come from learning and understanding the market. Only invest what you can afford to lose.
- As per Vivid Financial, the stock market is currently risky with an unfavorable risk: reward ratio. While further gains are possible, exercise caution. Exorbitant valuations do not justify retail money inflows and promoter stake sales is a warning signal. So prepare for potential corrections in 6-12 months. Be selective and avoid buying without thorough research.
- As per astrology view some important turning dates are 22, 23, 25 & 31st July 2024.
- Last Friday’s crash was driven by rumors: 1) Microsoft’s issue may halt Monday’s trading; 2) Possible tax changes 3) China could attack Taiwan 4) Sell signals from Whatsapp groups 5) Media speculates leadership change in UP. Despite fears of Nifty at 24,800, the rally isn't over and markets aren't expensive. Use dips to buy.
- In 4th Nov MTTs, Cosmic CRF recommended at Rs.263 touched Rs.2099 – a superb gain of 698%.
- In 2nd March MTTs, HG Infra recommended at Rs.899 touched Rs.1880 during the week -a superb gains of 109%.
- In 13th April MTTs, Ratnaveer Precision recommended at Rs.125 touched Rs.205 - a gain of 64% Hariyana Ship recommended at Rs.115 touched Rs.240 - a gain of 109% during the week.
- In MTTs 25th May Universal Starch recommended at Rs.167 touched Rs.248, a gain of 48%.
- In 8th June MTTs, BMW recommended at Rs.58.29 touched Rs.68, Godrej Agrovet recommended at Rs.560 touched Rs.878 - a gain of 57%, RVNL recommended at Rs.374 touched Rs.647 - a gain of 73%, Vipul Organics recommended at Rs.170 touched Rs.203 during the week.
- In 22nd June MTTs, Cybertech Systems recommended at Rs.160 touched Rs.217 during the week.
- In 29TH June MTTs, BL Kashyap & Sons recommended at Rs.90 touched Rs.110, Hindustan Adhesives given at Rs.388 touched Rs.432, during the week.
- Last week in 6th July MTTs, Alembic recommended at Rs.120 touched Rs.155, a gain of 29, GP Petroleums recommended at Rs.70.57 touched Rs.78, Godavari Drugs recommended at Rs.103.75 touched Rs.108, Ramky Infra recommended at Rs.618 touched Rs.698, during the week.
- Last week in MTTs Competent Automobiles recommended at Rs.566 touched Rs.585, Deep Industries recommended at Rs.318 touched Rs.336, GP Petroleums recommended at Rs.70 touched Rs.78, Godavari Drugs recommended at Rs.103.35 touched Rs.108, IRB Infra recommended at Rs.68.36 touched Rs.72, Kitex Garments recommended at Rs.216 touched Rs.239, Satin Credit recommended at Rs.213 touched Rs.226, Super Crop Safe recommended at Rs.12.60 touched Rs.15.24, Shalby recommended at Rs.288 touched Rs.301 during the week.