Know Your Investment: Vijay Bhambwani answers your queries
Moneycontrol.com initiative, Know Your Investment, helps investors take a prudent call on their investments. This week, technical analyst Vijay L Bhambwani, who is the chief operating officer of BSPLindia.com, plays mentor, giving his take on various sectors and stocks that you wrote to us about.
August 16, 2011 / 10:26 IST
It has indeed been a tricky week for the traders at the bourses. Tailing international markets, the Nifty started at a gloomy 5050 level on Monday and swooned to 4940 levels the next day as global uncertainty weighed heavy on investors. The same day saw India's volatility index (VIX) touch an all-time high of 34.31 points as investors fled, shorting their positions.
The Nifty soon recovered to 5130 levels, an outperformance against world markets that analysts say was a dead-cat bounce. Nevertheless, the Nifty closed the week in the red, at 5072. Where is it headed from here? In such a volatile situation, which are the best stocks to invest in? How much will the stocks in your portfolio return over time?Moneycontrol.com's initiative, Know Your Investment, helps investors take a prudent call on their investments.This week, technical analyst Vijay L Bhambwani, who is the chief executive officer of BSPLindia.com, plays mentor, giving his take on various sectors and stocks that you wrote to us about.Below are the questions you asked us on our Facebook page:Vicky Jotwani: Is this a right time to invest in the market?Bhambwani: You can start near 4800 in a staggered manner. Lalit Sharma: I would like to invest in few good companies for investment purpose. Bhambwani: Stick to blue chips - GAIL, Tata Power, Mahindra & Mahindra and ITC. Don
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
