A SENSIBLE INVESTMENT that COUNTS..!!

The STOCK-O-METER is back: STOCKS Performance Monitor:

FRIDAY Market Action Review:31-10-14

The markets showed a stellar BULL dominance on the street, ruined the dreams of Bears to the core with decent gains. The Haryana, Maharastra election results, there after Diesel decontrol, gas price hike and Coal e-auction plans and also the Street is very enthused with the FDI in construction and other POLICY announcements and the JAPANs un-expected bond buying programme gave much required strength to BULLS to make a ride over BEARS.

The Nifty and many stocks are in BULL grip may see further gains in future, but the Friday announced factory output numbers are not in line with the expectations can dampen the sentiment to some extent.

All the construction/infra names like NCC, HCC, Unitech, Relinfra, LIC Hsg, Indai Bulls HSG, GVK, IL&FS, LT, HDFC, IDFC, TataPower, GAIL, BPCL, RIL, ADANI ports, Rpower, Maruti T-motors,and Phama big names made decent gains. But TITAN lost 5%, and other recent gainers like SRF weak on profit booking.

The markets are ripe for investments only they give a decent correction… Genuinely, the best opportunity for now was missed, the one I missed recently is from 7725 to 8350 level.

I sincerely convinced that the markets may easily give 300 points from 7725-8035 but from 8035 to 8350 is sharp and surprising.

The COAL block cancellation and POWER sector woes and BANKING sector issues were negated there after developments but myself kept away from the markets on the Investment front but preferred trading. I worried about the implications of the BLACK MONEY and the consequences on market journey which did nothing.

The real problem at my end, when many advisors and including my brother also heavily bearish on the markets when they dropped the supports effortlessly, fell from 7950.

When he was in decent profits didn’t book but waited for decent/huge gains kept me at bay to make further investments though personally convinced that the markets will make a comeback.

Unfortunately, the BIG move was not ALLWELL with all counters. When the GAS price hike was announced, bought ONGC at 414 now at 404, IOC bought months before at 406 now at 365. Even on Friday, when the big move is on…bought IOC for average didn’t crossed my buying price at 366 but down to 363, the NIFTY added 150 points.

To test the swing action, I made small investments but all the negative news affected the price fall--- bought PNB at 990 down to 850, BOB at 950 down to 850, PFC bought at 268 down to 226, REC at 285 down to 235, LT bought at 1528 down to 1425, ICICI at 1578, down to 1420 Relcap bout from 530 down to 435, RelInfra bought from 625 down to 540 odd, NOW recovered to their profit levels but I booked losses….A sensible INVESTMENT experience to count on….