How long will this escalation continue? “We believe that, fundamentally, the Sensex should retrace some of its gains and consolidate at lower levels before moving up,” reveals Dipen Shah, Vice President, PCG – Research, Kotak Securities to 4Ps B&M. How will the investors play in a fast moving upward market like this? We searched a solution to the philosophy of ‘trying to ride the moving bus.’ Retail investors should be very careful during these times of high momentum since the market has run up too fast & too soon.
“Moreover, domestic political situation remains in a flux. The trick for retail investors lies in – hitching on to momentum plays i.e. ‘getting into the moving bus’ but at the same time they should also be aware of the inherent risks and be ‘ready to hop out of the moving bus’ i.e. cut loses at first signs of trouble...,” was the sound advice from Shukla. “Investment is not a play, not even trading,” says Swaminathan while he remains positive on scrips from the infrastructure, capital goods, telecom, engineering and banking sectors, adding, “One can also be positive on Power – transmission towers”. Editor, India Infoline ends on a mixed tone – “On the bright side, even a 5% to 10% upside in the month of October could see levels between 18K and 19K, while a fall of 5% to 10% could see the Sensex below the 16K mark.
The Sensex looks at a make or break situation. The brakes could come in when the quarterly numbers flow in. Any negative surprise could see a washout of at least 1,500 to 2,000 points – something we should factor in, given the meteoric rise. What do you expect?
“Moreover, domestic political situation remains in a flux. The trick for retail investors lies in – hitching on to momentum plays i.e. ‘getting into the moving bus’ but at the same time they should also be aware of the inherent risks and be ‘ready to hop out of the moving bus’ i.e. cut loses at first signs of trouble...,” was the sound advice from Shukla. “Investment is not a play, not even trading,” says Swaminathan while he remains positive on scrips from the infrastructure, capital goods, telecom, engineering and banking sectors, adding, “One can also be positive on Power – transmission towers”. Editor, India Infoline ends on a mixed tone – “On the bright side, even a 5% to 10% upside in the month of October could see levels between 18K and 19K, while a fall of 5% to 10% could see the Sensex below the 16K mark.
The Sensex looks at a make or break situation. The brakes could come in when the quarterly numbers flow in. Any negative surprise could see a washout of at least 1,500 to 2,000 points – something we should factor in, given the meteoric rise. What do you expect?
No comments:
Post a Comment