Money Times Talk

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April 08, 2024

•  As per a market veteran, when market is on its peak, avoid tip and rumor-based buying as chances of getting trapped cannot be ruled out. Research the basic valuation of every company. Strictly follow a rule of allocation of not more than 7-9% of portfolios in a single stock. Even if the promoter promises, never buy more than 9% in a single stock.
•  As per a market veteran, do not trade if the concept is not clear in your mind to avoid panics. Markets are at a peak and volatility will be setting with wild swings both ways.
•  As per a market veteran, never sell your winners to average out your losers! Otherwise, you will be left holding losers! Bull markets are like marathons, those who run it know the importance of consistency and discipline and do not get swayed by forecast of calamities in steady bull markets. Invest your energy to develop patience to ride the declines. Ride the tide but don’t time the ride.
•  In our 29th March MTTs, Godavari Drugs recommended at Rs.93 touched Rs.108, Ramky Infra recommended at Rs.486 touched Rs.643, Lehar Footwears recommended at Rs.124 touched Rs.166. Competent Auto recommended at Rs.465 touched Rs.494, TBZ recommended at Rs.104 touched Rs.120, SIKA Interplant recommended at Rs.1524 touched Rs.1984. Book partial profit.
•  As repeated in the last three weeks of MTTs, in just five sessions of April everything has changed in small caps/midcaps as the stocks are up by 20-30%. Smart investors generally use such opportunity to buy end March and sell at 25/35% profit when others come for buying in April.
•  In our 29th March MTTs, Gujarat Industries Power recommended at Rs.163 touched Rs.189. HFCL recommended at Rs.92 touched Rs.101. Porwal Auto Components recommended at Rs.51 touched Rs.57. Tyche Ind. recommended at Rs.176 touched Rs.189. These still looks good. Buy/hold.