Dear Members,
Wednesday was an amazing day, we recommended buying stocks and indexes on weakness as we expected the market to perform well. On Thursday we see a big rally taking place so keep holding long positions in stocks, indexes, and etfs.
Yesterday's recommendations INFA performed very well, it is 18% and it may move further higher. Today we are recommending buying IDCC, DASH, ITGR, and SWAV. Also, it takes long positions in TQQQ and SOXL.
Today metals will also recover after many months so watch closely, metals closing negative today will be the worst news. Most Indian stocks are recommended sharply higher. NETWEB went limit-up.
This is what we mentioned in yesterday’s update: As mentioned in the “2024 Financial Predictions” book, the rate cut will be placed in May 2024. Metals have been falling, and we are still recommending staying sideline.
Markets have been trading as predicted, we are recommending buying long positions in SOXL on Wednesday on any weakness, also one can buy stocks INFA, EQIX, FSLY, ISSC, TRIP, and IDCC. Most of these stocks will announce earnings after market hours. All these stocks will move higher.
Indian market will bottom out today, major turnaround will take place. Buy call options for next week in indexes and recommended stocks as mentioned in the Indian letter. We don’t see Nifty going below the 21555 level in the short term. Buy National Aluminum, MMTC, Hind Copper, Wipro, NETWEB, and Infibeam.
Thanks & God Bless
Mahendra Sharma