Nifty had a blood bath today but I was not expecting such a fall we were not expecting 9th March lows to be broken in this manner be that as it may there are some great stocks at great value buy delivery and hold for longer term. Astro cycles are getting positive but frankly we cant explain in the fall today as per astro cycle. Reiterate buy delivery in Maharashtra Scooters, Divis Labs, Hdfc Bank, Icici Bank, Pidilit Ind, Kuantum Paper, Siemens. keep in mind these are long term delivery and not as a trading buy. We dont see the fall to be sustainable as if we do continue even for 5 more days we will reach 7000 levels so I dont see the fall as sustainable. Sure there will be coronavirus impact but I think the market has over reacted by a huge margin.
Buy high quality stocks in delivery because sooner than later cure for coronavirus will come and in the interim all Govt’s are announcing or will eventually massive rate cuts and stimulus packages which will eventually take entire global space higher.
From astro cycle perspective things are getting more and more positive and we wont be surprised delivery based recommendations giving great returns in no time.
If you are trading only on the basis of this post please use your own risk management and then only trade. please do not over trade.
Good trading to you!