Hold on to your Investments, the India story is yet to unfold

The previous personal article of mine under MarketFastFood series, written quite some time back on 17-1-2016 was titled ‘Markets have crashed, your confidence in investing need not’ you can Click Here to read the same. One of the lines related to markets in that article read like this: ‘I feel the worst case scenario for the whole year is in the range of 23300-23000

The year 2016 had begun with despair. Market tumbled and most investors expecting better performance in the beginning of the year were left shocked at that point of time. Most advisors including us at #VRIDHI had to attend many frantic calls of clients who were not ready to believe what was happening, we had to console them and inject confidence.

You would have seen many people in market saying ‘we said so’ after the occurrence of various market events, but then most of us wonder when did he say so?

We at VRIDHI are not trying to boast here, but touch wood the Sensex has most of the times behaved the way we have been mentioning at various platforms, be it written articles of television shows.

In the beginning of the year we said 23300 – 23000 should be the worst case scenario for the market in 2016. Now let’s see what happened after we posted that article:

On 11-2-2016: Sensex hit a Low of: 22909, and then Closed at: 22952, which was hardly 50 points below our lower range 23000. +/- 300 points is negligible on an index of 23000.

On 12-2-2016: Low was: 22600, and the Close was at: 22986, again respecting us!

On 29-2-2016: there was panic in the market and hit a Low of: 22495, but then Sensex recovered as though it is reading our posts and Closed at: 23002, 2 points above 23000..!

Since the beginning of the year, also mentioned in the previous article was: “On the upper side Target.1 should be in the range of 29140-29500 and if that is broken decisively we may test Target.2: 30800-31320

We are today at 28532 which is just around 700 points away from the lower end of our Target.1, hence we at VRIDHI thought that it’s all the more important now to post our views as the time is right. Frankly many investors tracking us closely have been asking us through mails and calls for our view.

Our view remains same, we are bullish on the India story and investors willing to wait will make money. Investing is a continuous process, you cannot put some money and then wait to make profit. Particularly in stock markets you need to invest as and when you have some surplus. Had you invested when the Index last hit 30000, chances are quite high that you must not be making big profits till date. But had you been putting in even little amounts as and when you had some surplus cash, you would be making handsome money by now.

No reasons to lose patience, just hold on to your investments in Equities or Mutual Funds. The India story will soon unfold. Ever since the present government assumed office, I have been very vocal that we will see #AchheDin only after mid 2017. Let government do any magic, showing results before that would not be possible. The government knows that actions have to be continuous and they are indeed working overtime and taking decisions fast. Click Here to see one such example.

The world is looking at us seriously today, be it under Make In India program or other schemes, companies from all type of sectors like Services, Start Ups, Manufacturing etc., are looking towards entering India and setting up their shop. Even Chinese companies have started looking towards India. The labour charges in China have shot up in recent past and India has the ability to provide cheap labour even now. Chinese mobile handset manufacturer #LeEco is also about to set up shop here in India.

Most of the economic parameters are improving in India. They will improve further in future. You can yourself see that even the opposition in India does not attack the government or the prime minister much on economic front. What they generally talk is Dalits, Kashmir, Army should not attack terrorists in Kashmir, Minorities, Reservations, Ambanis, Adanis and other retrograde topics which no youth in the country is interested in.

People of the country want growth and India has the ability to grow. In the process Investors will make money… ofcourse if they Invest! We find even in this 21st century people saying that #FixedDeposits are the best option an investor can ever get. Rubbish!

Stay invested, we will soon test the above mentioned Target.1 and Target.2, Midcaps and Small Caps are on the costlier side hence caution is advised. No major correction is anticipated. On an index of 28000+ swift corrections of 5% to 10% should not cause any worries to us.

If you have never invested in markets, take a call and decide to invest today atleast through #MutualFunds and we at VRIDHI assure you that we won’t charge any additional fee atleast till the end of this year. Work life is very fragile today and what we said for Techies is proving to be true again and again, after the recent job losses. Techies can read that article Click Here. So don’t miss the opportunity of getting some solid advice without paying any additional fees to us.

We will once again update when we are hovering around the Target.1 levels. If all other things remain same as they are today, we will test the first target before seeing any major correction, hence we at VRIDHI don’t look at any major support levels right now.

Fixed Deposit investors, read this article also: Click Here

Hence if Invested – stay Put and if Not Invested, what are you waiting for?

Thanks and Regards

Vivek Karwa

Mail me directly on the email id provided below.

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