Winning Stokes 

The problem with blogger interface continues and this is acting as a great hindrance for updating. It seems Google, will not rectify the faults in the system - - A sadistic approach. Photo: The Happy Saver 

Anyway, the BSE Sensex closed at 51,309.39 down 19.69 points (-0.04%), while the NIFTY50 ended the day at 15,106.50 down 2.80 points (-0.02%). The noticeable point is the Nifty P/E of 41.81, which is almost double the normal values of 22/24. The Nifty has an EPS of Rs.361.30, which is a peanut considering the its current level. Hence, a correction is imminent as stock markets can't move up indefinitely.

My CROREPATI SCHEME has kick started from today, with the enrollment of few will investors who have reposed their faiths on me. However, we are refraining from taking any buy positions inspite of daily rise of Nifty.

In this scheme there will not be any margin based trading, but investment based on news. Since, margin trading is absent, hence the method is more or less safe for consistent wealth creation.

#Sell Bank Nifty at 35783.10 for short term targets of 32500. SL: 36700. The whole banking pack moved up rapidly, post the budget speech, and assurance from the FM that the government is going start a bad bank or an asset reconstruction company over the next 12 or 18 months, that will clean up the balance sheets. 

But the question is like US where the state bought toxic assets, will India replicate the case? Or else who will buy the bad loan books? Mere, shouting fire brigade, fire brigade will not help unless there is a machinery in place to douse the fire, especially when inflation is likely to be sticky in the coming months. Bank Nifty has been on rise just on this news, though noting concrete happened till date, except the lip services from the FMO.

Also, growth oriented budget will get fizzled out once the inflation becomes more pronounced.