This time Domestic Institutions spoiled the party

When ever market falls, FIIs are accused of relentless selling. But domestic mutual funds are responsible for the yesterday's last hour fall of the market. FIIs indeed bought power and infrastructure companies. Domestic players gave two reasons for their sale.

Fire news of Reliance Refinery
Pakistan/militants are planning to attack our deep water resources of ONGC & Reliance's Gujarat assets (Pure rumors but they are their longtime strategic targets) if tension between these two countries escalates.

But the real reason is that they need cash. They didn't book profits. They booked losses in the name of portfolio re-allocation. our sympathies with the professional fund managers who are now a days worrying more about their own job security and how to minimise their salary cuts than the funds under their management. You have to ensure stress free environment for their optimal performance. Otherwise they think and act like individual investors only.Fine. We need not worry about this. Trend is the king. Intermediate trend is up despite yesterday's insipid close.

Following stocks can be bought with a profit target of 10-15% gains.
Power Finance Corp Ltd, Reliance Power Ltd, GMR Infrastructure Ltd, LIC Housing Finance Ltd, NTPC Ltd, Tata Steel Ltd

Yesterday's Financial Chronicle advised it's readers not to sell following shares with a disclaimer that they are not advocating buying of the same at this juncture. They are Reliance Communications, Tata Steel, Tata Motars, HCL Tech and Hindalco.

0 comments:

Disclaimer & Privacy Policies

(c) Mrs. Ruby Christy. This site and contents are owned by Mrs. Ruby Christy;
Use of this website and/or services offered by us indicates your acceptance of our Disclaimer& Privacy Policies.
Information and opinions provided on this website (www.investchips.com) has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. Investchips.com and its affiliates, information providers or content providers and R.John Christy and his Family shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this website or feeds, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information. Investchips.com,its affiliates, information providers ,content providers and R. John Christy and his Family shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this website. Any action you choose to take in the markets is totally your own responsibility. Investchips.com and R. John Christy and his Family will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Opinions expressed by R. John Christy are his own and not of his past, present and future employers.
The DoubleClick DART cookie is used by Google in the ads served on this websites displaying AdSense for content ads. When users visit this website and either view or click on an ad, a cookie may be dropped on that end user's browser.

Google, as a third party vendor, uses cookies to serve ads on this site.
Google's use of the DART cookie enables it to serve ads to your users based on their visit to this site and other sites on the Internet.
Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.
www.investchips.com never collects any personal information of visitors.

WWW.INVESTCHIPS.COM