Random musings on a truncated trading but positive fortnight
I have been getting it wrong recently—not the medium-term direction (the advice remains ‘buy the dips’) but on the short-term trend. A correction is overdue, I thought weeks ago. But a torrent of money has flooded in and everybody seems to have concluded that a big bull run is back; India is different (decoupled); and all is well...
A chance to buy stocks cheaper may be round the corner
In our previous issue, we had predicted that a decline of around 10% or so was round the corner. Instead of declining, the Sensex has reversed and gone higher. More importantly, contrary to our expectation, there was no pressure on the global market from the US. In fact, massive selling by insiders, low short positions, increase in...
Brace yourself for a decline – and pick up solid mid-cap stocks
From a low of about 8,000 in early March, the Sensex has almost doubled. There seem to be no clouds on the horizon for the markets. Marketmen are looking forward to a Sensex level of 17,000 and beyond. But then, this has been the expectation for quite a while now. Look closer. The Sensex had hit 15,600 on 12th June. At the...
