Struggle to make money from stocks: Indian Market 16 Nov 2006

Struggle to make money from stocks

Been through many crashes in the Indian market (Crash in September 2005, crash in May 2006, crash in Feb-March 2007, the bad crash starting in January 2008, the current 2018 midcap and smallcap downturn). Still looking for the magic touch that will turn my money into the first 10 million. Any tips that I post will typically not be mine, but picked up from somewhere (hopefully with some accuracy), hence have fun if you make money; if you lose, then that is the name of the equity game.

Thursday, November 16, 2006

Indian Market 16 Nov 2006

The Indian stock market seems to be going towards higher and higher targets. It has already hit the 13500 target, and is seemingly very dizzy. There are not so many people at this time who are doing the doom and gloom part, in fact, most analysts tout the good earnings, Indian growth story as reasons for the stock continuing to jump high.
This is time when I start to worry about a correction. It is when things are going so high that people start to worry about whether this will last and think that maybe this is a good time to book profits, and when this starts to happen at FI and FII level, the market starts tanking.
Anyhow, here are some of shares (recommended by others) that I am tracking, but it is time to be much more careful about sinking in fresh money. Next time, I will also review performance of some of the shares that I have mentioned as tracking earlier.
1. Excel Ind - 53
2. Tata Elxi - 263
3. Prime Textiles - 142
4. Century Textiles - 610
5. Birla Corporation - 352
6. Country Club - 351

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