Will the market up move continue?

The Indian stock market is in up move again. Today though the indices lost their early gain, still Sensex managed to close more than 50 points up.

Now the question is will the up move continue or will the market correct substantially from this level?

I personally think that it will be general up move, may be with a few mild corrections. There is a lot of liquidity in the market and the appetite for investment. The quarterly numbers from big players have also been good.

But I also think that all sectors will not perform equally well. Bank will continue to outperform in near future. Technology and Pharma will also do good. Energy is starting to look good at least in some specific stocks. Metal will probably be sluggish in near term due to Chinese worry. Cement is looking weak. And there is a lot of volatility in realty sector.

However, this definitely looks a positive market for the investors, if not for the traders. One can pick up a few good stocks across the sectors and make some decent profit over the next few months.

Has SBI finally broken the shackle?

Sensex is up nearly 100 points this morning, Nifty is hovering around 5300. And finally, after waiting long at the sideline and watching other banks to perform, SBI seems to have broken the shackle. It is past 2300 now. All signs say that it will start a good run.

I bought some SBI at 2019, so finally it will give me some return worth mentioning. And all other banks are just following; Karur Vysya is 470 again and my pet United Bank is 85.50 (already 17% up from my cost price, ha ha).

But picture is not so rosy in cement sector. I am always shaky to invest in this sector; however Ultratech Cement has given me very good return over the past 3/4 months. I booked some partial profit, too. But now it is going down very fast. I do not know what to do...buy some more? wait for it to come back? or just exit the stock?

May be it is a good idea to exit and invest in bank or pharma instead.....after all these two are the hot sectors these days. But all good stocks in these two sectors are so expensive already that it is very difficult to enter.

Metal is a bit sluggish these days, but I have confidence on Sesa Goa and SAIL where I have exposure. Both are in marginally green today (after a while) and hope they will come back strong with the market.

The Outperforming Banking Stocks

The banking stocks are doing really well for the past few months. I have SBI which I was thinking of dumping because of its sluggish run in last month. Thank god I did not do that, as it has gained momentum again. So I am hoping to get good returns for my investment.

I think the problem with banking stocks these days is which one to choose !! All of them looks exciting. I wish I had exposure to Axis bank; but no it is already expensive and difficult to get in.

I have Karur Vysya which has given me good return in last 3/4 months.

And there there is one which no one advised me to buy, still I bought it based on my gut feelings. It is United Bank. I bought it at near IPO price only a couple of days after listing and it is already giving me 12% return....not bad in 10 days, what do you say? But I have no plan to sell it just now, it will probably go much further, specially in this climate of bank run.

I get tempted to bye YES Bank, but again it is very difficult to get in now. And somehow I do not have much confidence in it, despite its recent excellent performance. May be I'll get into it eventually when the market corrects a bit.

As I said earlier, it is now difficult to choose where to invest in banking sector...all of them seems to be good. I wish I had more money to invest.

Sensex is up again after yesterday's crash

After more than 300 points crash yesterday, Sensex is in up move again. This is somewhat expected though; yesterday's fall was triggered mostly by negative global cues and Greece worries. These things are not expected to have any long term impact on the Indian share market as such.

At this point, the market is 80 points up which Cairn India and Sterlite Industries as top gainers.

I bought some Cairn yesterday, which is already up by some 3%. So I am happy. But wish I had bought some Sterlite, too!

On the down side, I got impatient with Ajanta Pharma, and sold it yesterday at 201, only to see it going up to Rs. 210 later in the day ! Wish I waited a bit longer. The problem is I never feel confident about these little known stocks.

This is quite different from stocks like Sesa Goa, which I have immense faith (and exposure) on and do not mind that it had been battered badly in past few days. I am always confident it will bounce back and look at any dip as a buying opportunity

Introduction

I am one of the small retail investors who invests in Sensex and has an active interest in it.

This blog is meant to express my thoughts, ideas, analysis on performance of Sensex Stocks.

It goes without saying that what I say in this blog are entirely my perception and any one following my tips should do that at their own risk.

I follow the standard websites like moneycontrol.com and icicidirect.com and follow experts, analysts and brokerage houses for tips and advices and try to form my own opinion. It is these opinions which I am planning to share through this blog.

However, it is not just theoretical opinions; I do invest my hard earned money depending on these opinions; so it actually hurts me when they are wrong.

So much for the introduction. And I invite all of you who has an interest in Indian Share market to stop by and leave your comments.