Sign InMoney Times Talk
Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.
May 13, 2024
- Golden rules for stress free journey in the market: Focus on fundamentally/technically good growth stocks at reasonable valuations and review their results every quarter. Never follow anyone blindly. Avoid buying & selling in panic. Avoid margin funding trading/investment. Revise your exit strategy and stop loss on a continuous basis. Have faith in India’s big growth story subject to the Modi govt. continuing with 2/3rd majority. Wild volatility is likely with profit booking at every rise till 4th June so trade/invest wisely till then.
- As per astrology, some important dates are 14, 18, 21 & 27 May; and 3 & 4 June. Further, the NDA may form govt. but with lesser seats compared to 2019.
- As per a market veteran, markets will test your patience from time to time as every phase of the market is not the same as it was earlier when making profits was easy in a week or month. There will be times when it might take longer. So, you have to adjust according to the market conditions or like you do in different weather conditions to protect your body and acclimatize yourself.
- Summary of Sandeep Tandon's (CIO, Quant Mutual Fund) recent media interview:
- Closer to elections and high volatility market, we have raised our cash holdings to significant levels. • It doesn't make sense at this level to buy options or puts, so we have moved to cash. • Our stock holdings are more liquid now. • 2024 belongs to metals and mining cos. globally, not just India. • FMCG sector shows early signs of bottoming out.
- Factors that led to last week’s slide in the equity market: 1) Poll Pressure: With three phases of 2024 elections behind us, uncertainty has hit the Street, with a drop in the pre-election exuberance. 2) Although the PM’s prospects of getting re-elected is a consensus view, there are doubts about the 400+ target. 3) Earnings Impact: Market has reacted to the earnings of most cos. 4) FIIs selling has weighed on the market sentiment as they are net sellers in 2024. 5) Premium valuations. 6) Lack of fresh triggers. 7) As per SATTA BAZAR, NDA will form govt. but with less seats compared to 2019.
- In our 6th Jan MTTs, Sika Interplant recommended at Rs.1395 touched Rs.2150.
- In our 13th Jan MTTs, Competent Auto recommended at Rs.408 touched Rs.628.
- In our 6th Apr MTTs, Mindteck (India) recommended at Rs.214 touched Rs.352, mind blowing gains of 64% in just 1 month in a highly negative market.
- In our 4th May MTTs, Andhra Petrochemicals recommended at Rs.90.68 touched Rs.94.75, AK Capital recommended at Rs.910 touched Rs.954, Available Finance recommended at Rs.296 touched Rs.341, Resonance Specialties recommended at Rs.122 touched Rs.128, Shetron recommended at Rs.126 touched Rs.144, Denis Chem recommended at Rs.193 touched Rs.223 during the week.
- Important update on Saturday special live trading Session in Equity and FNO segment: Please note, BSE and NSE will conduct special live trading session on 18th May from 9.15 am to test a disaster recovery site. This special live trading will be conducted in two trading sessions as follows:
- Trading Session 1 Time. Pre-open open time 09:00 am and close time 09:08 am. Normal Market open time 09:15 am and close time 10:00 am.
- Trading Session 2 Time. Normal Market open time 11:30 am and close time 12:30 pm.
- Please note that the purchases on Friday cannot be sold in Saturday’s session.
