Dear Members,
I think it was one of best short-term call to buy Indian market though I was concern but held my nerve this week and finally it paid big way to members. In fact, I was talking to one senior guy in Banking Industry and said that cut in Corporate taxes will be only way to bring positivity otherwise all this small announcement may not bring any rebound in equity market. It happened after 12 hours and happened big way as movement announced cut in corporate Taxes which pushed market sharply higher.
This is what we stated in Thursday Indian Daily letter (19th Sep 2019):
On Wednesday Indian market traded mix and many stocks held value. Rupee also acted very well and INDL etf also acted well which is great news.
It looks like finally Indian market may rebound from here. Still astro indications are positive so we are still recommending holding long positions in market. If market doesn’t rebound from here and if Nifty start trading below 10775 level, then we may start getting worried so stay alert.
I am still holding my predictions of buying Indian market from this week and holding same predictions even though market went down.
We are strongly recommend buying frontline Index back stocks. On Wednesday Nifty held 10775 level which is great news. Next level will be 10995 level so big move may come in the next two trading days so buy positions and hold positions.
FMCG and Pharma will be great bet on Wednesday, buy more call options in Nifty and Bank Nifty without fear.
Thanks & God Bless
Mahendra Sharma