NIFTY PE at 16.51@ Start accumulating slowly n steadily@ Rome was not built in a day:-)

No one listens when the market are higher. Whenever I feel the markets are higher I keep on advising my clients to sell and keep the cash in hand however no one listens.....even also if they sell some they want to invest the same within that time only which I don't favour at all. Its easy to get in however very difficult to get out and even much much difficult to keep portfolio at zero. Everyday is not a trading day and I look for good opportunities to get in for my clients. I love distress like situation to get in and when things looks rosy & happy I love to get out or remain out of it.

Now at current levels am bit positive about the market and look forward to advice to my clients and have already advised some. This's not a trading market rather its a time to accumulate slowly slowly in a systematic way and am hopeful that it will pay off going ahead.

Something looking very exciting and gives a reason to cheer is the current PE of Nifty which has comedown to 16.51 as of today and whenever it has come around these level it has given good return over a period of time if someone made a entry there. So 16.5/14 is the bracket where 1st phase of shopping can be done. The next bracket is below 14 where Nifty PE hits low close to 10.68 in Oct 2008 from where it went on to hit close to 26 in Oct 2010. 

Basically Nifty is considered to be in oversold range when Nifty PE value is below 14 and it's considered to be in overbought range when Nifty PE is near or above 22/23+

Nifty closing at 5542.

Indian Equities on Sale!!!!!

Everything cannot get bad in equities. However in recent scenario everything seems to be garbage which is not the case. It would be bad to blame the market all the time, market gives us opportunity however we fail to take that. Valuations have become relatively cheaper and it gives me a feel that India is on sale. You are getting the best of Indian companies at a relatively lower valuations which I believe will attract foreign & domestic investors a lot, sale is going on!!!  One should start systematic investment in various stocks. Things will change and its going to get better.
Current tumble looks more of like a political driven one as they have been unable to manage various growth related issue. Everything seems to be out of control as the major indexes showcase India's growth picture and its status..
Though few stocks holding the index higher however bunch of good stocks have been battered. I see opportunity in these market condition and I see good time to knock back.

Regards,

Manish Bothra

We see Opportunities in Distress@

The ongoing correction may be the last chance for Bargain Hunters for the time being.

Its an personal assumption.

Look for opportunities:-)

Markets are down....Traders are afraid however Money Mystery looking at big opportunities even in this down market.

Be a part of it & explore the possibilities.

Its different.

To subscribe mail me at manish@moneymystery.in

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