India at the inflection point of growth
When we try to analyse the day to day trends of the of the equity market , we sometimes lose sight of the bigger long term picture . As the equity markets makes new highs we wonder where we should book profits and stay in cash or keep investing . Unfortunately there is no write and wrong answer to this .
However for investors the long term trends should be more important than the daily market movements .
Where do you see India 10 years from now ?
This the question that we need to understand to pick and choose our next set of multibaggers . No investment is risk free , and equity investments are for the brave hearted . We will come out with our next set of multibaggers on every Saturday starting this week .
So far as traders are concerned all long positions on NIFTY should have a strict stop loss to protect the profits . After the recent run up some intermittent correction / consolidation is probable . However the primary trend remains upwards .
Oil moved up as US stock positions shrink . Some of the commodity stocks with low debt looks attractively priced . Have a look at Coal India and GMDC. They have very good dividend yield and may give some decent returns in the medium term .