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Money Times Talk

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October 14, 2024

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Although Money Times recommendation have outperformed other media, stock brokers and research houses, the brief recommendations under Money Times Talk (MTT) cannot display ‘BUY’, ‘SELL’ or ‘HOLD’ recommendations. Readers should, therefore, exercise their own judgement and evaluate the future prospects of the stock given its past performance, industry prospects in the backdrop of a growing economy and in consultation with their investment adviser.
As per market veteran, few important points to follow in markets: 1) Never invest with borrowed money. 2) Define your own targets & stop-loss levels; your needs may differ from others. 3) Diversify your investments but keep a maximum of 30-40 stocks in your portfolio. 4) Avoid rushing to buy based on others' advice after a stock run-up; wait for the next opportunity. 5) Rome was not built in a day; build your portfolio gradually to avoid risks. 6) Enhance your knowledge and learn from past mistakes to improve your investment strategies.
As per market grapevine, many industries are slowing with exports down 30%. More stocks are hitting 52-week lows than highs. Stay cautious in euphoria; avoid stocks promoted on social media. Investors often hesitate to book losses, but success in the stock market requires cutting losses when a thesis fails. The results season runs until 15th November, causing stock-specific volatility.
The stock market's fall can be interpreted as follows: a pullback occurs with a drop of over 5%, a correction with over 10%, a bear market with over 20%, a crash with over 30% and a recession with over 50%. The Nifty 50 index has fallen over 10% on nine occasions, including a 23.1% drop in 1994 due to an economic crisis, a 26.2% decline in 2000 from the dot-com bubble burst and a 52.5% fall in 2008 during the global financial crisis. Other notable declines include 14.1% in 2001 after the 9/11 attacks on the World Trade Center, 24.3% in 2011 due to the European debt crisis and a 39.4% drop in 2020 from the COVID-19 pandemic.
Ace trader Mark Minervini's trading guides: 1. In the stock market, you can make excuses or make money, but not both. 2. You cannot direct the wind in trading, but you can adjust your sails. 3. Practice does not make perfect; only perfect practice makes perfect. 4. Acting in sync with the market can make you rich; arguing with it will make you poor. 5.The key to becoming a good trader is to trade.
ESM Mechanism aims to slowdown the upward movement of stocks. ESM1 targets scrips with Mcap below Rs. 1,000 cr. that rose over 50% in 3 months, 75% in 6 months, or 100% in 12 months. These scrips will have a 5% circuit limit and be placed in the T group, meaning they can't be bought/sold on the same day. If an ESM1 scrip rises over 15% in a week or 30% in a month, it moves to ESM2, wherein daily circuit limit drops to 2% and trading occurs at periodic call auctions six times a day. While scrips in ESM2 may not necessarily fall they often remain at upper circuits for extended periods. Newly listed scrips enter ESM only after three months of listing.
Ace trader Dan Zanger says “Success in trading requires tons of homework each night, resulting in millions in gains when the best stocks set up. Method + homework + patience = huge success”.
Star Cement’s 3.3 MMTPA clinker plant in Meghalaya achieved 54kT production in Q1FY25 while accruals of refunds of its new Assam grinding unit began from mid-June. The full financial impact will start from Q2 and stock may surpass its 52-week high of Rs. 255.
As per astrology view after a sharp correction in October 2024, one more sharp correction may come about in March 2025. Corrections are healthy in a bull market.
As per astrology view some important turning dates are 14th,18th, 22th & 29th October 2024.
In 23rd December MTTs, Electrosteel was given at Rs.113 hit Rs.236 - a gain of 109% & still looks very good buy.
In 13th January MTTs, Anantraj given at Rs.319 touched Rs767 - a gain of 140% & still looks good.
In 21st January MTTs, Essen Specialty Films given at Rs.220 touched Rs.575 - a gain of 161%.
In 2nd March MTTs, Softsol India given at Rs.280 touched Rs.555 - a gain of 98%.
In 6th April MTTs, Pee Cee Cosma given at Rs.415 touched Rs.978 - a gain of 136% during the week.
In 18th May MTTs, Va Tech Wabag given at Rs.981 touched Rs.1577 - a gain of 61% during the week & still looks good.
In 1st June MTTs, SKY Ind., given at Rs.90 touched Rs.188 - a superb gain of 109%.
In 8th June MTTs, Vipul Organics given at Rs.170 touched Rs.329 during the week - a gain of 94%, now it is better to book profit in it.
In 15th June MTTs, Anantraj given at Rs.424 touched Rs.767 - a gain of 81% & still looks good.
In 6th July MTTs, Pee Cee Cosma given at Rs.446 touched Rs.978 - a gain of 119% during the week.
In 13th July MTTs, Deep Ind., given at Rs.318 touched Rs.499 - a gain of 57%.
In 27th July MTTs, Vipul Organics given at Rs.177 touched Rs.329- a gain of 86% during the week, now it is better to book profit in it.
In 3rd August MTTs, HFCL given at Rs.133 touched Rs.171, Himadri Speciality Chemical given at Rs.467 touched Rs.688 - a gain of 47% during the week.
In 24th August MTTs, ITD Cementation given at Rs.548 touched Rs.694 during the week.
In 14th Sep MTTs, Anantraj given at Rs.646 touched Rs.767 & still looks good.
In 21st Sep MTTs, Cosco India given at Rs.354 touched Rs.422 & still look very good buy, ITD Cementation given at Rs.561 touched Rs.694, Super Crop Safe given at Rs.16 touched Rs.21.59 & still looks very good buy, Sree Rayalaseema Hi-strength given at Ras.583 touched Rs.944, a gain of 62% during the week & now it is better to book profit in it.
In 28th Sep MTTs, Sandhar Techno given at Rs.559 touched Rs.604 & still looks very good buy, Sportking India given at Rs.114 touched Rs.125 & still looks very good buy, Super Crop Safe given at Rs.16 touched Rs.21.59 & still looks very good buy, T&I Global given at Rs.205 touched Rs.246 & still looks good buy.
Last week in 5th October MTTs, Accent Microcell given at Rs.281 touched to Rs.286 & still looks very good buy, Akar Auto given at Rs.105 touched to Rs.116 & still looks very good buy, Coso India given at Rs.344 touched to Rs.422 & still looks very good buy, Heranba given at Rs.460 touched to Rs.485 & still looks good buy, Himatsingka Seide given at Rs.141 touched to Rs.150, Morepen Lab given at Rs.85 touched to Rs.93 & still looks very good buy, Sandhar Techno given at Rs.578 touched to Rs.604, Sharda Crop Rs.570 touched to Rs.585, Somi Conveyour given at Rs.151 touched to Rs.171 & still looks very good buy, SH Kelkar given at Rs.302 touched to Rs.331, Sportking given at Rs.112 touched to Rs.125 & still looks very good buy, Super Crop Safe given at Rs.19 touched to Rs.21.59 & still looks very good buy, T&I Global given at Rs.213 touched to Rs.246 & still looks very good buy, Wimplast given at Rs.656 touched to Rs.695, Zomato given at Rs.575 touched to Rs.289, Vipul Organic given at Rs.318 touched to Rs.330 & now it is better to book profit in it.
As per market grapevine, investors can focus on the following stocks for decent gains by Diwali/Christmas: Aakar Auto, Anantraj Industries, BF Utilities, Cosco India, Electcast, Hindustan Construction Company (HCC), HFCL, Heranba Industries, IRB Infrastructure, NSE SME Konstelec Engineers, Morepen Laboratories, Sagarsoft, Sandhar Technologies, Somi Conveyor Beltings, Sportking India, Star Cement, Sucrosa and Tiglob.

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