Video: Expert strategies to trade the mkt

BSE | NSE 10/02/12

CNBC-TV18 special Investor Camp Udayan Mukherjee, Managing Editor of CNBC-TV18 said, "This is an interesting time for the stock market because we are trading at mutli-month highs nearly.

 

Nifty is just 50 point short of its January high and ordinarily you would expect to see a mood of jubilation amongst most people but whenever we talk to people including people like you, we sense more of a tentative kind of mood. Many of you seem a bit confused on whether to celebrate the fact that we have come back to 5,300 whether to start buying stocks now to participate at above 5,000 or to wait for a bigger dip because valuations don't seem comfortable. That is interesting because the Indian retail public investors certainly are wizened up considerably over the last two-three years.

 

Earlier the smart guys would be selling when the markets were peaking and retail would be buying and they would be holding the camp but nowadays maybe perhaps stung by the experiences of previous years, retail has become extremely mature, they don't lend momentum to the market when intermediate peaks are hit, they don't throng into mutual funds and pour in money when the market is trading at very high levels, on the contrary they do the reverse, they take money out. But is 5,300 going to be a roof over the markets head for a long time to come or are we actually going to head much higher in 2010?

 

Will we pass this hurdle and by the time this year progresses even if there is turbulence during the course of the year, by the time we end this year, will we be on our way from 5,300 to 6,200 once again? I don't know the answers to that but I am hoping that the gentlemen that we have brought across from Mumbai and Delhi for you would perhaps give you some better idea of where we are headed during the course in 2010 and in doing that I am hoping that they will help you make up your mind on how to approach the secondary and the primary markets over the next few months. My guests today are - PN Vijay from Delhi will talk about fundamentals and how he sees the rest of the year progressing; Rajen Shan from Angel; SP Tulsian will talk about a couple of stocks for you and Sudarshan Sukhani will address the technical part of the market."

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