As Many of us are aware of the current market volatility, I request all those who read this blog to be cautious in prevailing market condition. According to the experts it would take another two or three months for market stability. These are times of uncertainity for all investors in stock market. This is especially true for those investors who are interested in the very short term and who are churning their portfolios frequently and are conducting numerous intra-day transactions. In this scenario my advice to such traders to be wise and also not to enter into futures and options segment. Volatility of stock prices has risen significantly and hence it is advisable to be careful while trading. However, as and when the opportunity arises, vigilant investors must take advantage to invest as much as they can. But should not expect immediate returns as the market would take its own time to get good returns. After investing as much as i can, now I have decided not to get excited about any news or market trend or rumours. Just relax and sleep for few months and wake up when the market has woken up.
Bottom Line to my dear readers:
Goodnight and sweet dreams!
You might have heard a saying “be greedy when others fear and fear when others are greedy”- warren buffet. I guess this is the strategy used by many investors. Last week created a lot of pressure for me as there was a big fall in the stock market almost all days. In the last few days the Sensex has reached below 20000- point level and lost over 1814 points in the past five days. The Sensex, which remained on a downward march in the last few days, plunged by 687.12 points to 19,013.70 yesterday. It touched the day's low of 18,930.42. This is the fourth biggest fall in absolute terms in the stock exchange history after the loss of 826 points on May 18, 2006, 769.48 points on December 17, 2007 and 717.43 points on October 17, 2007. There was a high selling momentum by many investors. This made me to invest a lot in companies which are fundamentally strong as i do not want to miss this opportunity. I have a strong belief that the market would get stable within few weeks.
This is one of the biggest IPO’s ever! Reliance Power to issue 26 crore equity shares of Rs 10 each. Reliance Power has fixed the issue price band for the IPO at Rs 405 - 450 per share. For Retailers we can apply at 430 rs ,which is approximately less by 5% of the issue price.so we get at discounted rate by 20 rs. This is believed to be the first to offer a discount in the IPO price for retail investors. Reliance Power has also fixed convenient payment terms for all categories of investors. The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008.
According to the experts in the beginning of 2008, the Market may stay steady but after the mid month of January, market may take rest and then it shall make correction. It is advised to get into some banking stocks like IDBI, ICICI, and SBI as it would remain bullish. In addition to that enter into power and infrastructure sector which is they key sectors for
