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Diwali is approaching. What stocks would you bet on?

Discussion in 'Technical Analysis' started by dev, Sep 24, 2016.

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  1. dev

    dev Member

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    My picks would be sugar stocks- Dwarikesh Sugar, Upper Ganges and Balrampur Chini. Also stocks like Kansai Nerolac, Berger Paints, Dabur, Marico, Parag Milk. Remember to book your short term gains before the Diwali Day since a small profit booking is on the cards. These are the stocks I would be buying like crazy from next week. Also keep an eye o select stocks from the NBFC space. What stocks would you all be playing?
     
    nirajshah likes this.
  2. mdsafdarimam

    mdsafdarimam Active Member

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    if market is going to scale new high around diwali, it will correct around 100 to 200 points within 20 days. it will correct for liquidity. because at the present liquidity it can't scale new high, so correction is necessary . RBI policy announcement is also in october, chances are policy rate will be cut by 50 basis points. seventh pay commission is also in picture. so major sectors to get leg up with all these will be - BANKS , NBFCS , AUTO & HOUSING. out of these BANKS , NBFCS & AUTO kook good. so invest in market leaders of these sectors. it is individual gut feeling to take call in sector he feel comfortable.
     
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  3. shabbir

    shabbir Administrator Staff Member

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    Good list but do you bet on Diwali sweets on sugar stocks?
     
  4. nirajshah

    nirajshah Champion

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    What about Asian paints

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