The Week Ahead 07/04/2007 to 11/04/2007
Posted by dipanksaha on May 6, 2007
During my professional hours, often come across people who want to make money from share market but lack basic sense of the market. When share price goes down they get panic and when price rallies they inactively keep thinking, how far price will go up. Thus waste precious time. Problem is not that they are scared to take position rather they don’t understand rule of the game. If you feel yourself as one of them then I am coming with a series very soon that will give you some “sense of the market“.
Coming back to the actual fact, last week market remained as per our expectation. It moved in certain predictable range. I have earlier said that boring days are ahead. And that’s the fact. Strong rupee is keeping exporters’ stocks down, no immediate solution is visible. But I must say, this situation is giving some splendid opportunity to accumulate front line IT stocks.
Other than ITs, you can also go for sectors like, telecoms, fmcg, and banks. True, telecoms are quite fair valued now but ranged market often offers values at discount!
Credit policy turned out as quite liberal and private banks can skim
the benefit of this liberal policy.
FMCGs do not have much downside unless monsoon turns up really bad. So you can opt for that even.
Apart from these, you can look for mid-cap even but certainly with bigger time frame.
Unless I am seeing no big change in the picture I will go with my previous outlook regarding market.
See you on next post.
