Sunday, November 27, 2011

Defensive Ends Offensive Starts:

Now this title is going to give smile on faces of equity bulls around the world.
If you must had read our previous blogs from past one year we were bearish on equity as an asset class and we got it right. After staying cautious and underweight on equities we change our stance from underweight to overweight. yes you got it right we are now “Bulls”.

What makes us to change our stance?
As you all readers know that we are strong believer in astrological predictions on market.
Combination of GURU & SHANI in Mesh Rashi projects bull run in equity as an asset class in near future.
We at witdom were quite bearish when Sensex was 21000 last year as valuations where high and P.E was at all time high. Sensex has corrected 25% from its top .Some Mid cap stocks have corrected more then 90% from there all time highs. We are getting bullish on market and these madcap stocks. Bear markets often ends with market capitulations in madcap stocks which are often held by large mass market participants.
Sensex chart shown in the blog shows that Sensex may form a bottom at 15500.Nifty may form bottom at 4650.This is right time to build long term portfolio with one year time frame. Market may fall if some negative development in global markets. But we think price wise correction has happened .But time wise correction may take some more time for up move.
Another factor that makes us Bullish is that policy paralysis which was major hindrance of growth for most markets are about to end. We see positive development by Indian government of FDI in retail sector as a first step in change of stance.
Looking at the global macro and micro economic situations we come to the conclusion
That leaders of various countries have woken up from there sleep and now working hard to resolve this financial crisis. Hard work by IMF can save us. EFSF can be super saver pack if activated in timely manner.

As according to our previous blog we made huge gains by loving dollar. We now suggest to sell Dollar. We see dollar index to have resistance around 80.Euro has jumped from 1.32 level which was according to retracement level from 1.44.

Yes we suggest Bear around the world to go on hibernation.
I would like to end this blog in typical Indian bullish words “Maal Laav “
Which means take my money and give me stocks which in turn shall give me wealth in long term.

Thanking You
Atul Sikrai
Sr Vice President & Head of Equities
witdom investment advisory.

Tuesday, November 22, 2011

3500 Page Views Hit .

Thanking all readers we reach 3500+ Page views.

Pageviews all time history 3,525
Soldier and Software Engineer
May 25, 2011, 2 comments 383 Pageviews
Dark Eagle is on Hunt.
Oct 7, 2010 127 Pageviews
Shekchilli, Gangu Teli, Mitti ka Madhav and Raja B...
Jun 15, 2010 121 Pageviews
Sister of Inspiration
Apr 8, 2011 116 Pageviews
Hidden Secrets Of Wealth Creation.
Dec 1, 2010 96 Pageviews
Liquidity Black Holes About To Burst.
Nov 11, 2010 83 Pageviews
Sell Tail Starts
Mar 10, 2011 71 Pageviews
Nifty 6066 ,Bharti Airtel 446 is it Dream Come Tru...
Aug 4, 2010 58 Pageviews
wiTdom Innovation Lab
Jan 19, 2011 42 Pageviews
Vision 2020 Sensex 100000
Feb 12, 2011 39 Pageviews
Audience :
India 2,466
United States 395
United Kingdom 63
Russia 61
Germany 30
Pakistan 30
Malaysia 28
Saudi Arabia 28
United Arab Emirates 20
Canada 20

Thanking All Readers

Atul Sikrai

Sr Vice President & Head of Equities

wiTdom investment advisory.