Equity Market Guidance [ From ET Now education program in Ahmedabad]
I watched a wonderful program on ET Now last saturday 21/Jan/2012. Just felt that I need to share me observations with you all. The Experts which included the statistical wizard Dr CR Narayanan felt that for the year Nifty would remain range bound. At the down side touching 4500 and up side 5400. As per the panelist late july 2012 and august 2012 would expose the underbelly 4500 and later this year late Nov 2012 and Dec 2012 would see the Nifty touching 5400.
It was a fantastic program where the experts spoke predominantly in Hindi with some english and gujarati word thrown in. The focus was to lead non financial people to get an insight in to market and nuances of safe trading. I really enjoyed listening to the conversations. Let me list what I learnt in the program
i) long term investment hardly fails to give decent returns. You need to hold on to 8 to 10 years to get 10% compound interest .
ii) Do not buy any equity based on a tip. Look in to eps, p/e ratio, historical data and sector guidance.
iii) One of the tip was DCB Bank. I am going to look in to it and analyse right away.
iv) Bullish on Banking stocks. The reason is almost all transactions involve banking services. Banking industry books of account can be trusted. RBI regulations are very stringent for the banks.
I watched a wonderful program on ET Now last saturday 21/Jan/2012. Just felt that I need to share me observations with you all. The Experts which included the statistical wizard Dr CR Narayanan felt that for the year Nifty would remain range bound. At the down side touching 4500 and up side 5400. As per the panelist late july 2012 and august 2012 would expose the underbelly 4500 and later this year late Nov 2012 and Dec 2012 would see the Nifty touching 5400.
It was a fantastic program where the experts spoke predominantly in Hindi with some english and gujarati word thrown in. The focus was to lead non financial people to get an insight in to market and nuances of safe trading. I really enjoyed listening to the conversations. Let me list what I learnt in the program
i) long term investment hardly fails to give decent returns. You need to hold on to 8 to 10 years to get 10% compound interest .
ii) Do not buy any equity based on a tip. Look in to eps, p/e ratio, historical data and sector guidance.
iii) One of the tip was DCB Bank. I am going to look in to it and analyse right away.
iv) Bullish on Banking stocks. The reason is almost all transactions involve banking services. Banking industry books of account can be trusted. RBI regulations are very stringent for the banks.
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