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  Winning Strokes The BSE Sensex was last seen trading at 59,060.28 down 12.00 points (-0.08%), while the  Nifty was seen consolidating above the supports. The Nifty50 was seen trading at 17,507.20 up 10.45 points (+0.06%). Photo : Squareoff.in Yesterday, the Dow Jones closed flat hinting that the US Fed might either trim down their interest rate brinkmanship or maintain status quo, to gauge the previous interest rate hikes over a period. It is a known fact the effects of any monetary tightening policy acts with a time lag. The US economy is doing fine and so is India's, and all those hoopla surrounding an impending recession is just a media speculation. Hence, buy good quality stocks from the happening sectors and keep holding. #The energy prices are shooting over the roof, with the Crude Oil basket within an arms length of touching $100 per barrel. In such circumstances, try to be long on Crude Oil related counters. My old favour,  MRPL (Rs.59.90)  is already up mo...

Winning Stokes The Domestic benchmark equity indices finished the day with strong gains, mirroring positive global cues. The encouraging Q2 results from IT companies have boosted investors' confidence. Touching a low of 17,098.55, the Nifty 50 index advanced throughout the session, closing near the 3D day's high of 17,328.55. Shares of banks and financial services companies were in high demand. However, media, real estate, and metals stocks fell.  Photo :  PGurus . The S&P BSE Sensex rose by 491.01 points, or 0.85%, to 58,410.98. The Nifty 50  gained 126.10 points, or 0.73%, to 17,311.80. Meanwhile, the US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.40% to 112.86. The United States 10-year bond yield fell 1.48% to 3.947. As long as 17200/17300 - Nifty_Spot band is held, the bulls will have not much problem. Use dips to buy good stocks at reasonable valuations. RBI and Interest Rate Hike:  In a significant move...

Coffee Day Enterprises Ltd: Buy CMP: Rs.50.15 Targets: Rs.71/85 SL:  Rs.47. The meteoric rise of the Café Coffee Day brand remains one of India's greatest success stories of home-grown businesses. The coffee beans used in Café Coffee Day outlets are grown on the company's own plantations. Furthermore, the Café Coffee Day outlets stood out for their distinct colour schemes and custom-made furniture pieces, which gave them a distinct identity.  Coffee Day Enterprises Ltd (CCD) is India's largest coffee chain and is owned by Coffee Day Global which is a subsidiary of Coffee Day Enterprises. Café Coffee Day opened its first outlet in Bengaluru in 1996. By 2011, it had grown into a major business conglomerate with over 1000 locations across the country.  Just before his early demise, VG Siddhartha owned 12,000 acres (4047 ha) of coffee plantations. A 2015 Forbes list pegged his net worth at $1.2 billion (Rs.8200 crore). During the lockdown period, Malavika Hedge took over as C...

"The Risk comes from not knowing what you're doing"  ~ Warren  Buffet The current US government's problem is that they don't have Dr.Ben Bernanke to help them deal with the inflation mess they've created over the years by printing too much money and then using a low-interest policy to stimulate growth, particularly during the Covid - 19 period. That Keneysian act was exactly what the doctor ordered. However, the solution that the US Fed has chosen to come out of this is appalling — adding muscle to the USD to minimise Ruble-INR trade is a stupid act by the Joe Biden administration. Keeping the USD at elevated levels for an extended period of time can cause global trade to take a tectonic shift into an entirely different groove. ======================== Fortunately, cheap Asian imports from countries like China, India, Korea, Vietnam, Bangladesh, and Thailand have historically fueled the US economy and kept it cool. The Joe Biden administration should consider ...

Keeping USD at Elevated Levels Can't be a Prudent Move The Indian markets are trading in the red, along most of its Asian counterparts. The BSE Sensex was last seen at 57,401.14 down 265.08 points (-0.39%), while Nifty was last seen at 17,060.50 down 72.60 points (-0.37%).  Photo : India Times Though Asian markets are down, Dax is seen trading in the Green. The US interest rate hike has spooked the market sentiments and pre - Deepawali mayhem is seen mostly in small and mid cap counters. But this should be the last selling before the Deepawali Rally begins from next week. The US wants to forcibly bring down Ïnflation by slowing down its Economy.  The minutes from the Fed's September meeting showed that officials remained concerned about inflation and the effect of interest-rate increases. However, I feel keeping Dollar at Elevated Levels, can't be considered a good economic move. The sovereign republics will trade in their local currencies, whether USD remains strong or wea...

  Winning Strokes Yesterday, the BSE Sensex closed at 57,426.92 up 1,016.96 points (+1.80%), while the Nifty closed the day at 17,094.35, up 276.25 points (+1.64%). In the recently concluded meeting, the RBI maintained its full-year inflation forecast at 6.70% but lowered its growth estimates marginally to 7% from 7.20%. Last week the Nifty managed to get back  above the psychologically vital 17,000 mark as well as its 200-day simple moving average (around 16,990), with crucial support at 16,750. I hope this week Nifty will be able to maintain this level, with occasional bouts of buying and selling.  #The fall in coal prices will help the power sector stocks. While the power tariffs will remain same, the fall in coal prices would add considerable power to the bottomlines of these companies. Stay put in RTN Power Ltd (Rs.4.35), Reliance Power Ltd (Rs.16.40) and Adani Power Ltd (Rs.373.50). The market cap of RTN Power Ltd is only Rs.2,336 crores. Moreover, the company has ...