Market Mantra

The Indian markets are down following global cues: US Fed's Hawkish stance on interest rate, Russia Ukraine War and fresh cases of coronavirus in China. 

The BSE Sensex is now trading at 61,095.16 down 568.32 points (-0.92%) while the Nifty was last seen at 18,141.85 down 165.80 points (-0.91%). The main indices comprising of mostly large caps, may correct 16,000 as mentioned by Sushil Kedia, the other day, but that has nothing much to eo with the movement of small and mid cap counters, albeit some rub off effect though.

The traders should understand that small and mid cap is one basket, while large cap is another basket. Therefore, though linking the two is erroneous but it often happens in the real life. Photo: Angel One.

The small and mid cap rally is about to begin and hence you need to keep your guns ready for the final shooting.

Buy the shares of the companies obtained from distress selling from the traders tormented by margin pressures from brokerage houses. You need to buy and keep holding. Is the work too difficult?

#Today my recommended Swan Energy Ltd made a high of Rs.261. Its 2nd targets has also been achieved.

#Today the shares of Dilip Buildcon Ltd (Rs.122) made an intraday high of Rs.230.70. The company came out with good quarterly numbers. Going forward the margins are likely to improve due to lesser number of Legacy orders. Accumulate.

#Coffee Day Enterprises Ltd (Rs.47.85) will make windfall gains on the coffee beans sold, as the price was fixed when the coffee prices were touching new highs, in the international markets. Accumulate!!

#Most of my recommended counters came up with good September, 2022 quarter results, but surprisingly Zee Business only finds Banks (UCO Bank and Central Bank -- both doing well) in the list. As a result the money is flowing into banking counters only, instead of uniformly traveling into various outperforming sectors.

This market looks to be fully manipulated -- operators move a stock and TV Channels recommend them (because they look good on chart...😂😂) to the gullible investors. This either elevates a stock or makes it fall. Very sly operator game is going on in the Indian bourses.