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October 21, 2024

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Mindset for money: Focus is essential for learning; without it, growth is impossible. Learning leads to growth and without growth, enjoyment should be withheld.
FIIs have been relentlessly selling equities and offloaded Rs.80,215 cr. in October alone marking the highest monthly net selling ever recorded. The previous highs were Rs.65,816 cr. in March 2020 and Rs.79,500 cr. in March 2022. If this trend continues, DIIs may exhaust their cash reserves within 30-40 trading days, facing pressure from retail investors.
As per market veteran, marriage and stock selection are similar. For marriage, you need a stable job, good character, and integrity in family members. For stocks, you need rising profits, a clean balance sheet and honest management. Both bad marriages and bad stocks can be costly to exit, often requiring a complex strategy.
FOMO arises mainly due to: missed opportunities and external influences like social media and others booking profits. Investors then feel the urgency to recover past losses or join the market trend leading to hasty decisions. To avoid FOMO, remember that new opportunities will come, and markets can be unforgiving to those who ventured unprepared. Patience is the key.
As per past data, since 1933 shows that the U.S. market has risen under both Democrat and Republican presidents. With the next presidential election on 5th Nov and results on 8th Nov experts foresee potential volatility until 9th Nov with a favorable outlook for Trump based on astrological predictions.
Economic indicators point to a growth slowdown: 1) The trade deficit widened to $29.7 bn. in August from $24.2 bn. a year ago. 2) Merchandise exports fell to $34.7 bn. in August from $38.3 bn. last year. 3) GST collections rose just 6.5% in September, the slowest growth in 40 months, totaling Rs.1,732 bn. 4) The manufacturing PMI dropped to an 8-month low of 56.5 in September from 57.5 in August. 5) Services PMI decreased to 57.7 points in September, hitting a 10-month low from 60.9 in August.
As per market veteran, the broader market has corrected significantly removing excess froth from mid, small and micro-caps. Strong Q2 results suggest a selective accumulation of quality stocks, making the broader market more attractive than 1-3 months ago as H2 looks promising.
As per Mark Minervini, consistent skepticism around the stock market often leads to missed opportunities. Many who once warned against investing are still doing so and their fears can paralyze potential wealth creation. Trust those who have succeeded and ignore the skeptics who doubt the market's potential.
As per market grapevine, chemical stocks show early promise but lack momentum. The market may be awaiting earnings to gauge sector performance and if results are strong, this sector could thrive.
HNIs’ shareholding updates: 1) Selan Exploration: Dolly Khanna's stake rose from 1.56% to 1.73%. 2) Lux Industries: Mukul Agrawal's stake grew from 1.33% to 1.47%. 3) 20 Microns: Dolly Khanna holds a 1.29% stake. 4) Prakash Pipes: Dolly Khanna's stake rose to 3.79% from 2.91%, while Mukul Agrawal holds 2.51%. 5) Repro India: Ashish Kacholia exited; Vijay Kedia holds 6.34%, Suresh Kumar Agrawal 1.19%, and Madhusudan Kela 6.38%. 6) Aurum Proptech: Equity Intelligence's stake rose to 3.25%; Porinju Veliyath holds 2.13%. 7) Interarch Building Products: Carnelian Bharat Amritkaal Fund (Vikas Khemani) holds 1.20%, while 3P India funds hold 1%. 8) Technocraft Industries: 3P India Fund (Prashant Jain) has a 1.11% stake; Abakkus reduced its stake to 2.34%. 9)Vidhi Specialty: Mukul Mahavir Agrawal's stake fell to 1.60%. 10) Elecon Engineering: Vijay Kedia reduced his stake from 1.34% to 1.29%; Ajay Upadhyaya's stake remains at 1.78%. 11) SKY Gold: Ashish Kacholia reduced his stake to 1.85%. 12) MSTC: Valuequest India Moat Fund holds 1.17%. 13) Karnataka Bank: Anil Kumar Goel holds 1.18%. 14)NILE: Dolly Khanna's stake rose from 1.10% to 1.27%. 15) Mold-Tek Tech: Mahima Stocks (Madhusudan Kela) grew its stake to 2.09%. 16) OM Infra: Quant Mutual Fund's stake rose from 1.86% to 3.92%; Vijay Kedia holds 2.49%, Dheeraj Kumar Lohia holds 1.02%. 17)Updater Services: Ashish Kacholia's stake fell to 1.50%; Bengal Fin's stake remains at 1.33%. 18) Himadri Specialty Chemicals: Quant Mutual Fund's stake rose to 2.30%. 19) Jyoti Structures: Ashish Kacholia holds 2.52%. 20) Heubach Colorants: Quant Mutual Fund bought 2,53,000 shares at Rs.636.56. 21) Transformers & Rectifiers: Madhuri Madhusudan Kela's stake is below 1%. 22) R. Systems: Buyers include DSP Mutual Fund, Carnelian Fund (Vikas Khemani) and Sundaram Mutual Fund. 23) Hind Rectifiers: Mukul Agrawal raised his stake to 1.39% from 1.30%. 24) Upsurge Investment & Finance: Vikas Khemani & Associates hold 6.88%. 25) Aeroflex Industries: Ashish Kacholia's stake rose to 3.60% from 3.59%. 26) Ansal Buildwell: Porinju Veliyath's stake grew to 3.09% from 2.03%.
FPI selling may be overdone with outflows reaching Rs.80,215 cr. similar to Rs.79,500 cr. in March 2022. The Nifty is at a critical level with head and shoulders pattern indicating near-term bearish sentiment, yet a relief rally is expected in the coming sessions, potentially led by Banks, Financials, IT, Cements and Energy sector.
S&P 500, Dow, US mid and small caps are all at all-time highs. Bitcoin hit 4-month highs, while Gold reached all-time highs and Silver is at 12-year highs. US Volatility Index (VIX) fell to 4-month lows, signaling potential market confidence. This points to a possible return of Trump as President.
As per astrology view some important turning dates are 21, 22, 25 & 29th October 2024.
In 21st October MTTs, Techno Ele. given at Rs. 514 touched Rs.1825 during the week - a gain of 255%.
In 21st January MTTs, Essen Specialty Films given at Rs.220 touched Rs.675 - a gain of 207%.
In 27th January MTTs, Essen Specialty Films given at Rs.219 touched Rs.675 - a superb gain of 208%.
In 10th February MTTs, Univastu given at Rs.134 touched Rs.250 - a gain of 87% & still looks very good buy.
In 17th February MTTs, Lehar Footwears given at Rs.132 touched Rs.267 - a gain of 102%*.
In 16th March MTTs, Ritco Logistic given at Rs.223 touched Rs.409 - a gain of 83%.
In 6th April MTTs, Kaka Industries given at Rs.179 touched Rs.322 - a gain of 80%.
In 18th May MTTs, Va Tech Wabag given at Rs.981 touched Rs.1907 - a gain of 94% during the week.
In MTTs 1st June Anantraj given at Rs.385 touched Rs.796, a gain of 107% & still looks good, RDB Rasayan given at Rs.128 touched Rs.202 a gain of 58%, SKY Ind., given at Rs.90 touched Rs.196 a gain of 118%.
In 13th July MTTs, Deep Ind., given at Rs.318 touched Rs.510 - a gain of 60%, Super Crop Safe given at Rs.12.60 touched Rs.24 - a gain of 90% & still looks very good buy.
In 10th August MTTs, International Travel given at Rs.606 touched Rs.781during the week.
In 17th August MTTs, ITHL given at Rs.619 touched Rs.781, Pennar Ind., given at Rs.168 touched Rs.210 - a gain of 25%, RDB Rasayan given at Rs.166 touched Rs.202 - a gain of 22%, Univastu given at Rs.228 touched Rs.250 & still looks very good buy.
In 24th August MTTs, Shilp Gravures given at Rs.167 touched Rs.199 during the week.
In 14th Sep MTTs, RDB Rasayan given at Rs.168 touched Rs.202.
In 21st Sep MTTs, Chennai Ferrous given at Rs.137 touched Rs.175 - a gain of 28%, Cosco India given at Rs.354 touched Rs.436, Fresh Trop Fruits was given at Rs.147 touched Rs.175, Sharda Crop Care given at Rs.538 touched Rs.630, Super Crop Safe given at Rs.16 touched Rs.24 - a gain of 50% & still looks very good buy.
In 28th Sep MTTs, Akar Auto given at Rs111 touched Rs.124, Cosco India given at Rs.358 touched Rs.436, Super Crop Safe given at Rs.16 touched Rs.24 - a gain of 50% & still looks very good buy.
In 5th October MTTs, Akar Auto given at Rs.105 touched to Rs.124 Amrutanjan given at Rs.767 touched to Rs.798, Anantraj given at Rs.721 touched to Rs.796 & still looks good, Coso India given at Rs.344 touched to Rs.436, Heranba given at Rs.460 touched to Rs.502 & still looks very good buy, Himatsingka given at Rs.141 touched to Rs.169, Sharda Crop Rs.570 touched to Rs.630, Somi Conveyour given at Rs.151 touched to Rs.189 & still looks very good buy, SH Kelkar given at Rs.302 touched to Rs.335, Super Crop Safe given at Rs.19 touched to Rs.24 & still looks very good buy, Wimplast given at Rs.656 touched to Rs.716.
Last week in 12th October MTTs, Akar Auto given at Rs.113 touched Rs.124, BF Utilities given at Rs.1064 touched Rs.1125 new 52 weeks high, now must exit from BF Utilities, Cosco India given at Rs.408 touched Rs.435, Electrosteel given at Rs.202 touched Rs.209, HCC given at Rs.42.27 touched Rs.44.87, Somi Conveyour Belting given at Rs.171 touched Rs.189 & still looks very good buy, Wabag given at Rs.1556 touched Rs.1906, a gain of 22% during the week.
As per marketmen, investors should focus on HCC, HFCL, Heranba Industries, Deem Roll Tech, Lactose (India), Morepen Labs, Roopaind., Sagarsoft, Somiconvey, Star Cement, Sucrosa, Va Tech Wabag for decent gains by Diwali/Xmas.

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