Sunday, March 15, 2020

Depression Ahead.15/3/2020

1.Depression fears abound.
2.Gold and Silver low.Buy Jewelry stocks like PC Jewellers,Titan etc.
3.Crude low,Rupee weak!!!Low Crude good for OMC stocks and weak Rupee good for Oil stocks.OMCs look attractive.IOC has declared a Interim Dividend of Rs 4.5/= to boot.ONGC seems very attractive.
4.Volatility Index VIX very high.Liquidity low.FPIs selling.Markets may fall further.Better to enter the Markets after the VIX comes down.
5.NTPC may declare Interim Dividend soon.
6.Silver looks good.Gold Silver Ratio is high.Gold may rise in India by Akshay Tritiya,in April.
7.Blue Chips,like L&T,Siemens,RIL,ITC,NMDC,Coal India,Ramco Cement,GHCL, look good, in small lots in a staggered manner. 
8.$ BDI 631.Too low.Global Trade low,as China is not importing and hence not exporting also.
9.Banking Sector weak.
10.Weak Bonds point to a weak Global Economy.Reputed Institutions predict 50% fall in the Global GDP from 2.9% to 1.4!!!
11.Present scenario eerily reminiscent of the GFC of 2008.
12.GST on Mobile Phones raised from 12 to 18%.Mobile phones may become costly adversely affecting this Industry and the so-called Digital India Mantra.

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