Winning Strokes

The Indian bourses are getting sold off strangely due to American Flue. 

The BSE Sensex was last trading at 52,692.68 down a whopping 1,460.19 points (-2.80%), while the Nifty was last seen trading at 15,781.60 down a massive 444 points. But I feel the fall is absolutely unnecessary. The SEBI should look into this issue and see if it is a case of market manipulation in collusion with the media.

In another significant development in the US, a few companies have reported lower earnings because of inflation effect, and this spooked Dow Jones and Nasdaq. The companies said that they are witnessing a fall in consumer demand due to spike in inflation. Fine! However, what is important to note is that India has a domestic economy which is showing high growth. Moreover, if demand destruction is really seen in the US, this means demand - push - inflation is coming down, which is a good sign. This further means that, the US Fed will refrain from going for agressive rate hikes in the near term. Hence, today's selling in India bourses simply doesn't make any sense, especially when the FIIs are buying in the F&O Market.

#Those who have a portfolio size of Rs.1 (one) lakh (Rs.50,000 offer is Fully Subscribed and no more quota is left) can join my associate brokerage house and get my guidance to maximize your returns from the stock market investments. 

Also, if you want me to play in the stock market on your behalf, on 70:30 profit sharing basis through the #Crorepati #Scheme, it can also be done, provided you compulsory have a Trading Account in my associate brokerage house. 

That facility of having trading account of any brokerage house to avail of this facility has been removed, from this month, due to foul play by some of the participants. You may send me a mail at: suman2005s@rediffmail.com or sumanm2007s@gmail.com.

Today's recommendation: Buy the shares of Vodafone Idea Ltd near Rs.8.90/8.95 for short term targets of Rs.11/13. The company is coming with a preferential issue at Rs.13.20. Hence, it is now certain that the stock will invariably touch Rs.13/14 by September, 2022. Moreover, there are talks of government of India, taking stake in Vodafone Idea Ltd. Also, the 5G launch will further sweeten the deal. Hence, Buy the shares of Vodafone Idea Ltd near the CMP (in BULK) and keep holding. This is now the golden goose of Indian telecom sector.

#Average the shares of RBL Bank Ltd (Rs.113.75), Canara Bank Ltd (Rs.186.20), Wockhardt Ltd (Rs.269.25), Indowind Energy Ltd (Rs.15.20) and Suzlon Energy Ltd (Rs.9.10). You will benefit in the near future, from June onwards the markets is likely to show a definitive trend. 

Moreover, you should buy stocks, whose stories you know. And therefore, this kind of massive fall gives opportunity to buy good stocks at reasonable valuations, with the SIP method.

#By the way, A2Z Infra Engineering Ltd hit another Buyer Freeze at Rs.12.75. Those who have entered early should think of booking partial profits and hold the rest with a SL of Rs.12.30.