BSE Market Update

Market condition has detoriated. At this moment there are no support nor there are any signs of recovery. There might a short term bounce either due to profit booking on short positions or bottom fishers. Inflation is major cause of concern at the moment.

Wait for signs of recovery before diving in again. Companies with no debt on their balance sheet are doing well. This includes IT giants and pharmacetuicals.

Stocks to watch
Geometric software

BSE Market Update

A expected bounce after few down days. However number of stocks up 4% on high volume is very low. It shows the nervouness is still there in the market.

Stocks to watch
Spice communications
South India corp
Goldstone Technologies

Market update

BSE is in confirmed red zone. Staying on the sideline is best policy for the moment.

There are no signals due to the market conditions

Market update

MM is still in red. There was some bounce back but major stocks are still down.

Fertizers, Chemicals and Pharma stocks seems to be doing good in these uncertain times.

Stocks to watch

Ranbaxy,
Lupin
Spice Communication

BSE Market update

After a panic selling, bargain hunters will be now dominating the market in short term. So expect some bounce in the next trading session.

Stocks to watch
Cairn India
Lupin Chemicals.

Amibroker - LSE Data - problem solved

I have fixed the issue with LSE data. So I will start updating LSE data henceforth.

LSE - Stock to watch

PFL.L - Premier farnell - They have profits up 37% in last quarter! This stock has potential to run 100 to 200% or may be more.

Other to watch for

DSG -
Rentokil

Pullback???

As expected a short term bounce but overall market is bearish....

Stocks to watch
Tata Power
Paradyne Infotech
Borax Morarji
RayBan Sun Optics
Chambal Fertilizers
Infosys
Satyam Technologies
Wipro
Dr Reddy's lab

Market update

Market seems to have nose dived. What a chnage in confidence a Rs5 hike in petrol can do. Govt of India have increased the Petrol, Diesel and LPG prices. But people in India fail to understand that is global phenomenon but they are taking it personal against the govt. The price hike has given rise to the speculation that the other parties may withdraw support and we may have early electons. Market usually over reacts to polictical uncertainty but I think long term investors should stay in the market. There are some good bargains available. Look at companies with high yield. Investing regularly in these companies at regular intervals will pay off in long term.

I am in long term here....

When it rains...

...it pours in India. This is what it sums up the action on the stock exchange today. Fear of the government collapse lead the panic selling. The ratios have been slowly turing slow towarrds red but today action was a major blow. There might be small bounce in short term but long term the market monitor is turing bearish.