Rajesh Sharma
Buy carefully. Correction and profit booking AHEAD.
Big commercial banks had some corrections yesterday itself. Let's see, if it happens today accross the board today or it would be partial correction only. There could be two to three short and minor corrections till the market reaches 1175.38 level. From now on, it has to pass some more hurdles like NRB's policy or procedural interference particularly tightening in margin lending, absorption of excess liquidity by NRB, and some more safeguards by Beema Samit.
However, 4th quarter results of companies will be out and it is generally believed that the results would be good, this is high time that investors get motivated to put money in the market as dividend time is close and overall market sentiment is positive, hence the market will move up crossing the difficulties due to a few sandbags at its path ahead.
Hence, it would be better to find out stocks that are yet to pick up. Those stocks which are already up by 20-25% recently may not be good ones to buy as many among them are at temporary saturation level.
Note: Another business advisory will be posted on Sunday only.
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