Fear of crash is very high and the reason is very clear. The economy is in distress and stock market is mirror of economy. So with weak economy, the market cannot remain up for longer time. Yet hope for medicine and stimulus packages across the world are keeping the index upward. However in the short term correction led by Reliance is due .
Federal bank will also decline during that phase. However the investment is from your own funds, then hold the same.
Since you are long term investor, you must hold this scrip. If funds are available, you may buy more shares of this company to reduce the average costs.
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At this juncture, we cannot tell what will happen after one month, since corona virus effect is getting serious and economy is very weak. However the scrip at this price is very attractive and can be retained.
WE provide shrot term Calls on this site. Do study the same and invest accordingly.
Polyplex now at Rs. 584 is expected to show slow uptrend. Hold for another few weeks.
All these low price bank scrips are expected to give good returns. But focus on private small cap bank scrips in place of PSU bank.( Federal Bank, IDFC first bank, Laxmi vilas bank, dhanlaxmi bank ,IDBI Bank etc.
NFL is nearer to its top. The scrip may move up by Rs. 3/5 in coming sessions. but book profits with small profit.
With 12/18 months target, Yes Bank can be accumulated. As such bank stocks are due to bullish trend and yes bank also will move up. So can be accumulated in small lots.
Jindal steel and power along with other steel companies is showing steady uptrend .Now at Rs.177, the scrip can move up to Rs. 190/200 in coming sessions.
suzlon is under huge debt and business is very down and no takeover target. So the scrip is expected to remain weak. Llyods steel is also expected to remain weak.