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September 30, 2024

As per market grapevine, SEBI has urged BSE and NSE to tighten oversight on SME IPOs.
Key highlights of Mark Minervini's ‘Trade like a Stock Market Wizard’, which outlines his stock picking & trading approach:
1. Focus on Growth Stocks: Minervini emphasizes investing in rapidly growing companies with strong fundamentals for significant returns.
2. Technical Analysis: He relies on technical analysis including chart patterns and price action to identify trading opportunities.
3. The Minervini Method includes identifying high-growth companies, analyzing charts and understanding risk and reward through stop-loss orders.
4. Discipline and Patience: The book stresses following a well-defined trading plan and avoiding emotional decisions.
5. The Importance of Psychology: Minervini highlights managing emotions and avoiding common trading biases.
6. Finding the ‘Right’ Stocks: He provides insights into identifying potential multi-bagger stocks based on fundamentals and market sentiment.
7. The ‘Trade Like a Stock Market Wizard’ Strategy: The book outlines a comprehensive strategy for stock selection, trade entry and exit, risk management and trading psychology.
8. Learning from the Masters: Minervini shares insights from successful investors including those from ‘Market Wizards’ by Jack Schwager.
9. The Power of Compound Interest: He emphasizes reinvesting profits to grow capital over time.
10. Continuous Learning: Minervini stresses the importance of adapting to changing markets.
Key Takeaways: Trade Like a Stock Market Wizard offers a comprehensive approach that blends fundamental and technical analysis with a strong grasp of market psychology, emphasizing discipline, a long-term perspective and continuous learning.
A thought-provoking note on lifelong learning: Don’t chase multi-bagger theories. A consistent 10-15% return in 10-15 shares every six months can yield substantial returns over time.
Scenario 1: If you invest heavily in a Rs.10 share hoping for 10x growth, your capital risks going to zero. Scenario 2: By diversifying and churning 10% every six months across ten shares, you maximize returns while mitigating risks. Decision is yours to make.
As per astrology, key turning dates are 30th September and 3rd, 7th, 10th, 18th, 22nd and 29th October 2024. This week, with only four working days and a Surya Grahan, stocks may experience unpredictable volatility.
As per market veteran, while staying invested at all time highs (ATHs), exercise caution. The Nifty and Sensex may reach new highs but stock-specific and sector-specific distributions may lead retail investors to get stuck. Prioritize quality stocks with strong management and long-term growth potential, especially in mid-cap and small-cap sectors, as over 100 stocks have fallen 30-35% in the last three months. This euphoria is a trap for inexperienced investors; beware of the positive news leading up to Diwali and Christmas. Stay safe and informed.
Concerns raised in the last 18 months include valuations, mid-cap and small-cap valuations, SME issues, paper supply, the India election, the India budget (LTCG), the US recession/hard landing, Middle East conflict and FOMO investing. While these concerns are genuine, missing out on opportunities can be costly. Smart investors understand the context and great investors act in all market conditions. The next 5-10 years may present significant opportunities, as legends don’t wait for market conditions; they remain invested.
People are waiting for a correction or crash, spending more time anticipating it than understanding the value of buying good stocks at lower prices and selling them higher. Not every trade will yield profits; sometimes, it's essential to book losses using a disciplined trading strategy that emphasizes patience and risk-reward ratio (RRR). Consistency and emotional control are crucial in business.
In 21st January MTTs, HFCL was given at Rs.88 hit Rs.171 during the week - a gain of 94%.
In 29th March MTTs, TBZ given at Rs.104 touched Rs.360 - a superb gain of 246%, now it is better to book profit in TBZ.
In 6th April MTTs, Kaka Industries given at Rs.179 touched Rs.300, Pee Cee Cosma given at Rs.415 touched Rs.788 during the week - a gain of 90%.
In 4th May MTTs, HFCL given at Rs.101 touched Rs.171.
In 18th May MTTs, ITD Cementation given at Rs.391 touched Rs.614 during the week - a gain of 57%.
In 25th May MTTs, Panasonic Carbon given at Rs.517 touched Rs.739 - a gain of 43% during the week.
In 8th June MTTs, Crest Ventures given at Rs.417 touched Rs.621 during the week - a gain of 49%.
In 15th June MTTs, E Pack Durable given at Rs.212 touched Rs.409 - a gain of 93%, HFCL given at Rs.118 touched Rs.171 during the week.
In 6th July MTTs, BPCL given at Rs.306 touched Rs.370, HFCL given at Rs.130 touched Rs.171, Pee Cee Cosma given at Rs.446 touched Rs.788 - a gain of 77% during the week.
In 13th July MTTs, Kitex Garments given at Rs.216 touched Rs.541 - a superb gain of 150% now it is better to book profit in kitex.
In 17th August MTTs, Crest given at Rs.456 touched Rs.621, Graueir Weil given at Rs.94 touched Rs.118, HFCL given at Rs.132 touched Rs.171, ITD Cementation given at Rs.542 touched Rs.614 during the week.
In 24th August MTTs, Capacite Infra given at Rs.384 touched Rs.412, HFCL given at Rs.150 touched Rs.171, Himadri Speciality given at Rs.527 touched Rs.688.
In 31st August MTTs, Available Finance given at Rs.262 touched Rs.471 - a gain of 80% now it is better to book profit in Available finance, Chennai Ferous given at Rs.140 touched Rs.175, HFCL given at Rs.149 touched Rs.171 during the week.
In 7th September MTTs, Cheenai Ferrous given at Rs.139 touched Rs.175, HFCL given at Rs.153 touched Rs.171, NLC IndIa Given at Rs.269 touched Rs.292 during the week.
Last week in MTTs 21st Sep. Aeron Composite given at Rs.135 touched Rs.153, Chennai Ferrous given at Rs.137 touched Rs.175 - a gain of 28%, Fresh Trop Fruits was given at Rs.147 touched Rs.167, Grauer & Weil given at Rs.103 touched Rs.118, HSCL given at Rs.641 touched Rs.681, , Sharda Crop Care given at Rs.538 touched Rs.568, Sree Rayalaseema Hi-strength given at Ras.583 touched Rs.778 - a gain of 33% during the week.
As per market grapevine Akar Auto, Cosco India, GPPL, Gujarat Poly, Mangalam Drugs, Paragon Fine & Speciality Chemical, PG Foils, Sandhar Technologies, Sportking, Sucrosa, Thakkers Developers, Vakrangee may surpass their 52-week highs.

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