Weak market: selective cherry picking

In previous blog on 25^th Jun 2012, we covered market “Positive Side of Crises - Opportunities Unlimited” stating valuation is looking attractive and recommended investment in market. Sensex has risen from 16882 levels to 20000+ in Jan-13, & Friday closing at 19468.

Budget-2013

There are lots of hopes from budget 2013 that it will focus on growth.

Looking back, in Sep-12  Government allowed FDI in multi brand retail with lot of big bang to revive growth. Ikya is planning to make 10500 crore investment. Not many big foreign retail company had shown great interest.

We always expect positive things for future. Things will evolve over a period of time. It will take time & lot of efforts by Government to revive economy. It may not happen overnight.

There are selective sectors / companies which come out with outstanding numbers for quarter ending dec-12. Present market valuation is not cheap as it was in early 2012 especially considering slow down in economy. 

We feel market is weak at this moment, we may see correction in coming time and or side-way movement. Do selective investments in intervals.

Disclaimer: Any purchase/sale of a stock involves a high degree of investment risk. Caution all investors that they may lose some or all of their investment if they decide to purchase any stock listed here.