Struggle to make money from stocks: Indian stock market update as of 25 September 2009

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, September 24, 2009

Indian stock market update as of 25 September 2009

Overall, there is a mood of optimism. Even though exports have been falling, there is a feeling that it is only a matter of time for the market and the economy to be a upward trend. The plentiful rainfall of the past few weeks has reduced the rain shortfall this year to a much lower level, decreasing the potential problem caused by drought and lower drop output.
The Index of Industrial Production has gone up slightly, realty and consumer goods are starting to pick up, and so on. At the same time, the market has jumped to good heights in the last few months, and there is an over-whelming feeling that the market may be due for a correction, with a contra statement that times are going to be better, and the market is just factoring that in. At these times of high, it is good to get rid of junk and penny stocks.
Stocks that I am currently tracking:
1. Divis Laboratories (more stable, long term)
2. Jaihind Projects (more risky)
3. Nirlon (risky)
4. Unity Infra (risky)
5. Rishi Laser (long term)
6. Godrej Industries (short term)
7. Asahi India Glass

Labels: Equity, India, Indian, Opinion, Price, Shares, Stock