|Market This Week
||The index retraced back from 5,960-5,980 levels which has acted as a strong resistance for the entire month of December. However Nifty is likely to hold 5830 levels and continue to test 5950 on the upper side. The year 2013 is the one that we must all be looking at. A lot of Investors have found the last couple of years too challenging. For the first time in the last couple of years the trend and the sentiments have looked positive. The positive signals are visible on both the domestic and global fronts and it looks like the worst is over. The Compound Annual Growth Rate (CAGR) return on FDR is much better than the market. In spite of whatever negatives may be floating around, India is still a very attractive market. There are very attractive sectors and companies and the FII’s have realized this. Foreign Institutional Investors (FIIs) have pumped in about USD 19-20 billion. To summarize, we are very much in for a good bull run, its just a matter of time now. 2013 can give us fantastic returns! We must just keep betting on the right stocks.
It generally happens with most retail investors that even in a bull market they may be in wrong stocks with wrong trading concepts and at the end of the day they don’t make money. We ensure all our clients that this will certainly not happen with you all. We will continue to recommend stocks like “Brigade Enterprise” which give 50% return in just few days.