With Nifty reaching for new 52 week lows everyday joining the burning global scenario of debt crisis, is it a vacation time for investors in the markets? The numbers churned out by companies in the second quarter results warrant for a clean sweep which has warned to keep away from the markets at least for another quarter or two. There are very few stocks that show strength both in fundamental and technical terms. Even the strong ones are taking a long time to trigger entries.
Barring few stocks like Oswal Fertilizers, Amtek India, Navin Fluorine etc, none of the stocks worth even a look at them. Those investors holding long term positions have to seriously think of liquidating positions and stand on the sidelines. Many front line companies that hold prominent positions in the major market averages of both NSE and BSE are lagging at the bottom end of the ranking tables both in their EPS and Price Relative Strength rankings.
With the 4750 support broken decisively, Nifty is likely to move down further before any relief rally can be attempted with, any small rally can be taken as an opportunity to exit laggard stocks in your portfolio.
Our site will soon launch the ranking tables for the stocks listed in the NSE 500 and BSE 500 indices along with stocks that have Mutual fund presence. Various rankings have been computed along with Price relative strength, Earnings growth rank, Accumulation Distribution rank, Sale and Net profit growth, ROE, Industry relative strength combined with Mutual Fund sponsorship rankings. A galore of information awaits eager investors to help in their stock selection process.
Barring few stocks like Oswal Fertilizers, Amtek India, Navin Fluorine etc, none of the stocks worth even a look at them. Those investors holding long term positions have to seriously think of liquidating positions and stand on the sidelines. Many front line companies that hold prominent positions in the major market averages of both NSE and BSE are lagging at the bottom end of the ranking tables both in their EPS and Price Relative Strength rankings.
With the 4750 support broken decisively, Nifty is likely to move down further before any relief rally can be attempted with, any small rally can be taken as an opportunity to exit laggard stocks in your portfolio.
Our site will soon launch the ranking tables for the stocks listed in the NSE 500 and BSE 500 indices along with stocks that have Mutual fund presence. Various rankings have been computed along with Price relative strength, Earnings growth rank, Accumulation Distribution rank, Sale and Net profit growth, ROE, Industry relative strength combined with Mutual Fund sponsorship rankings. A galore of information awaits eager investors to help in their stock selection process.
No comments:
Post a Comment