-------- Forwarded Message --------
Subject: Ten Portfolio Stocks At Bargain Hunting Prices (Bottom Fishing
Or Catching Falling Knives)
Date: Thu, 27 Aug 2015 07:02:39 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
In stock market, when there is "blood on street", buying good business
(may be in some distress) is the most easy way to create wealth,
although there may be some short term pain.
For time time being, technically, 7600 may be a decent support for our
market and consecutive closing below that for any reason, 7300 should be
the near term base and Nifty has to sustain above 7950 area for any
meaningful rally towards 8355 zone in the near term. By sustaining over
8675 zone, FY:16-17 target for Nifty may be around 9200-9700, if we see
clear visible overall economic recovery by H2FY16.
Going ahead, dovish Fed, huge arsenal of PBOC (don't underestimate
China) along with ever green ECB & BOJ will support the global market
and be sure that these four major central banks will not allow any
contagion or disorderly movement in the financial market unlike 2006-08
crisis.
Back home, we may see GST, further rate cuts (at least 0.50% in FY16)
and various other reform measures (both legislative & non-legislative).
Depressed commodity prices (specially crude oil) is also going to be
beneficial for our economy in the long term, although its giving pain to
some sectors in the short term. Bihar election may give some cues for
"Modi wave", but going by various combinations & permutations, BJP will
not get the required majority of its own until next term (CY:2019). So,
it has to follow effective floor management and specific "opponent
party" wise strategy for passage of various reform bills in RS. Govt
also need to believe in its own reform agenda & we may see even one or
two joint sessions of parliament for passage of important reform bills
as country can't wait for "mood" of opponent political parties further.
As a safe heaven appeal, China's pain may be India's gain in the coming
days as there will no dearth of liquidity globally (thanks to 24/7 money
printing in different forms) and among EM/BRICS, India is certainly a
bright spot (mainland China market will need time to be more mature with
Russia & Brazil not in a comfortable position). Now, India's
macroeconomic position is in a comfortable position given low inflation,
CAD and competitive INR.
For investment idea, here are some bitten down stocks for portfolio:
These are blue chip stocks having excellent debt profile, management and
great brand names & business model, now available at relatively cheaper
price.
Note: Investment time frame:3-12 months
Allocation: Equal @10% of total portfolio for 10 stocks
Investment mode: SIP @50% each in suggested buying zone
(Trading SL suggested as par immediate positional support zone of 7600
for Nifty)
STOCK CMP BUYING ZONE (IDEAL) TGT TRADING SL(BLW)
TATA MOTORS 338 310-305 415-530-615 299
TATA STEEL 212 200-190 350-410-580 185
SBI 247 255-245 305-335-360 240
AXIS BK 497 490-480 590-615-705 475
ICICI BK 280 280-270 325-395-530 265
RIL 865 840-820 1000-1070-1270 815/790
SUN PHARMA 889 830-810 965-1010-1200 790
TCS 2620 2540-2490 2750-2840-3150 2470
COAL INDIA 360 340-335 395-445-495 330
LT 1600 1600-1550 1760-1900-2100 1525
_*Technical Charts:*_
<http://3.bp.blogspot.com/-L2iAN-vVf-c/Vd5mpG5FesI/AAAAAAAAD3g/TibGdNp6zmM/s1600/NF-25-08-2015.png>
<http://2.bp.blogspot.com/-Aoxpms4oMYg/Vd5msO8PsvI/AAAAAAAAD3o/LKYhbfCsErE/s1600/NF-PATTERN-25-08-2015.png>
--
Thanks & Regards,
Asis Ghosh
(asisghosh.blogspot.com)
NCFM-TA Certified
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