Tit - bits
The Dow Jones Industrial Average closed 1,048.79 points higher, or 5.2%, at 21,237.31. It briefly dipped below 20,000 for the first time since February 2017 before bouncing back. The S&P 500 was up 6% to use at 2,529.19 while the Nasdaq Composite gained 6.2% to end the day at 7,334.78.
Meanwhile, Australian share market finished sharp higher on Tuesday, 17 March 2020, as investors ran for bottom fishing across the board, thanks to Reserve Bank of Australia's (RBA) injection of A$8.8 billion liquidity into the system and promised to announce a new package of stimulus measures on Thursday...
Back home, the Nifty 50 index lost 230.35 points or 2.50% to settle at 8,967.05. It reversed from an intraday high of 9,403.80. The index closed below 9000 mark for the first time since 10 March 2017. However, it is good to see the Nifty not able to break 8700. Hence, for the moment the correction is over though the VIX is still at alarming levels at 75.91 levels. The VIX crossed 80 yesterday before correcting a bit.
The market breadth was positive. On the BSE, 975 shares rose and 695 shares fell. A total of 75 shares were unchanged. With today's decline, the Nifty 50 index has fallen 27.86% from its record high of 12,430.50 hit on 20 January 2020.
I would like to say that the bull market will start to get full bloom by the 2nd week of April, 2020. However, you can start picking good stocks which have corrected substantially: NFL (Rs.19), SAIL (Rs.28.30), Tata Steel (Rs.282.75), Tata Steel BSL (Rs.17.85), 63 Moons Technologies (Rs.61.50), Deepak Fertilisers (Rs.69.05), Tata Motor (Rs.77.95), JK Lakshmi Cement (Rs.234.40), Allahabad Bank (Rs.8.10), etc.
If you can now invest Rs.3/5 lakhs now, I can assure that you can get atleast 30% return from the recommended prices. If you come to me through profit sharing scheme, then I can guide where to invest. I do concentrated trading which means, I invest only in 2/3 stocks. I belive over diversification does not give the desired returns and is a sure shot prescription for disaster.
Moreover, if you want to trade in my account without opening a demat account then that is also possible. I'll give you up-to 20 times leverage in Sensex stocks for day trading - - minimum investment Rs.2 lakhs.
The market breadth was positive. On the BSE, 975 shares rose and 695 shares fell. A total of 75 shares were unchanged. With today's decline, the Nifty 50 index has fallen 27.86% from its record high of 12,430.50 hit on 20 January 2020.
I would like to say that the bull market will start to get full bloom by the 2nd week of April, 2020. However, you can start picking good stocks which have corrected substantially: NFL (Rs.19), SAIL (Rs.28.30), Tata Steel (Rs.282.75), Tata Steel BSL (Rs.17.85), 63 Moons Technologies (Rs.61.50), Deepak Fertilisers (Rs.69.05), Tata Motor (Rs.77.95), JK Lakshmi Cement (Rs.234.40), Allahabad Bank (Rs.8.10), etc.
If you can now invest Rs.3/5 lakhs now, I can assure that you can get atleast 30% return from the recommended prices. If you come to me through profit sharing scheme, then I can guide where to invest. I do concentrated trading which means, I invest only in 2/3 stocks. I belive over diversification does not give the desired returns and is a sure shot prescription for disaster.
Moreover, if you want to trade in my account without opening a demat account then that is also possible. I'll give you up-to 20 times leverage in Sensex stocks for day trading - - minimum investment Rs.2 lakhs.
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