BUBBLE INDICATOR : BUY

March 27, 2018

Budget FY 19 announced LTCG tax of 10% with grandfathering till 31st Jan 2018. This has resulted in quick and irrational profit booking specially in mid cap and small cap stocks which had appreciated massively for past year and half without much of institutional flows. We believe this is would fade off from April as LTCG tax comes in effect. Though there will be less buying in such stocks which have no fundamental strength and were just being invested on forecasts.

 

According to our internal indicator shows that there is short term bear bubble formed. Thus, we would advise now to BUY. 

 

We would prefer to add to the positions rather than buying new stocks at this time.

 

 

 

 

Please reload

Our Recent Posts

Affordable Housing : Special Window Fund To Revive Sector

November 6, 2019

Bharti Airtel : Legal Advice Results In Financial Impact

October 29, 2019

Reliance Industries : Jio Debt Free Technology Co. & Ready For Sale

October 26, 2019

1/1
Please reload

Tags

Please reload