Since last 5 years I was advising my clients to park their
funds in debt instruments. Now it’s time to change the strategy. After Narendra
Modiji’s spectacular performance in Lokasabha elections, Nifty made all time
high 7563. In last one month Nifty has appreciated by almost 25%.I think Nifty
has made it’s short term High. I am
expecting one last correction in the market. It can be pricewise or timewise. So Long term investors must start to accumulate good stocks or mutual funds.
Now 7080 is very
crucial level for Nifty ( Sensex-23730). If Nifty breaks that level then it can
come down to 6800-6400-6000.
So that’s the time to
enter equity market once again. Long term investors must use this fall to
accumulate good stocks. It is very difficult to predict top and bottom, so one
should start buying systematically.
These are some diversified funds who has given good returns in SIP.
| SIP Period in years | |||||
| Scheme Name | 1 | 3 | 5 | 10 | 15 |
| Reliance Growth Fund- Growth | 67.84 | 21.64 | 12.85 | 16.13 | 25.69 |
| HDFC Top 200- Growth | 69.54 | 24.20 | 15.73 | 18.22 | 23.68 |
| UTI Dividend Yield- Growth | 46.42 | 16.20 | 11.67 | N.A. | N.A. |
| Franklin India Bluechip- Growth | 39.45 | 17.08 | 12.31 | 14.98 | 21.02 |
| DSp Blackrock Top 100- Growth | 46.68 | 18.34 | 12.50 | 15.87 | N.A. |
Following Sectors looking week:
IT, Pharma & Healthcare, Real Estate, Consumer Durable
Following Sectors looking Strong:
Capital Goods, Banking, Metals, Sugar and Power
To Conclude, Short term traders should short Nifty below
7080 for target of 6800-6400-6000 with a stop loss of 7570. Long term investors
must use this fall for accumulation. This is last chance to enter equity market. Happy Trading!!!!
