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Ignore experts those saying negative for S&P as we see biggest bull market of all time is on the way...14 Dec 2011. Yen crash is coming..predicted in Oct 2012...Oil could fall toward $30 and dollar Index could rise 90.00 to 98.00..Predicted July 2014..India Nifty touched 7800 and next target is 9165 predicted Nov 2016.. S&P would start falling from 2407 level or bear market to start from 8 April 2017 predicted on 21 Feb 2017...Mahendra Sharma
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Indian market & stocks list - in 2016 we predicted Brazil to move from 38000 to 66000, and in 2017 Indian market is our top pick with target..

Dear Members,

Last year Dollar selling recommendations against Real and Rand done amazingly well. From end of last year we kept recommending that Indian Rupee would turn around on 27 January 2017, so far this advice proven very accurate. Our first target of 64.75 have almost achieved. Our next target is 64.15 to $62.91. We have been stating that positive trend in Rupee could push Indian market sharply higher.

On 8 November 2016 on the day of demonetizations we stated that Nifty won’t go below 7800 and higher side target 8888 to 9165 level. These both level got achieved, now 9445 level is open and soon we may see it get achieving by third week of April.

I am putting small part of todays Indian letter here:

Nifty closed above 9165 which is very bullish sign for Indian market. Three days closing above 9165 have open the door for Nifty to test 9445. Don’t short Nifty or bank Nifty.

On Tuesday, we are recommending buying positions in stocks and indexes.

Yesterday we mentioned that some selling pressure can come on Tuesday but we don’t expect any weakness because Nifty closes above 9165 level for three days.

Yesterday L&T, ACC and Reliance moved sharply, we are sure you must have bought some positions in these stocks yesterday on our recommendations. 

We are sure most of you must have read Indian market predictions in our book “”2017 Financial Predictions” very carefully. Indian market is our most favorite in 2017, Nifty and Indian stocks can make fortune to investors. I am surely concern about USA and European markets trend and that the reason we are not recommending any aggressive positions in Indian market from July onward.

In the months of April Nifty can gain 300 points from here. Stay long in recommended stocks, stay long in frontline longer term buying list. Don’t short or miss opportunity making money in India. I have been recommending every global investors buying Indian market in my international market report.

There will be big sift in money flow, India will remain in top list and can move like what Japan did from 1983 to 1990. Japan outperformed most of global market, went up from 5700 to 41000 from 1983 to 1990. Nifty can easily move toward 15000 to 18000. Lest watch July to October 2017. Lets see how international market behave and impact Indian market move.

Small issue with tech company is H-1B visa and speedy recovery in Rupee, but our overall view is not that negative for tech sector. You have to remain invested in selective key companies.

Market can hold value till Friday of this week.

Stay long in yesterdays recommended stocks like ACC, L&T, Reliance, GM Brew, Avanti Feed, Berger Paint, and chemical stocks (list is here below). Also today you can add some positions in Apcotex, Century Tex, Century Enka, Garware Wall, Tata Elxsi, and Apetch.  

This is what we stated yesterday: We are still recommending to hold chemical stocks, but surely one can book some 50% profit. We are not recommending any new buying in stocks except you can take small buying in L&T, ACC, Berger Paint, and GM Brew. Stay long in Jet, Bata, Bodal, and SBI. Book profit in BASF, Don’t trade Reliance, stay long.

Still Jayant Agro, GNFC, Akshar, GSFC, BASF, and Berger Paint has power to move further higher. Kaveri seeds, Avanti Feeds, and Excel Crop have done very well in the last five years and these three stocks are still in our longer term buying list. 

This is what we stated last week Monday and still holding same recommendations: Stay long in airline stocks - SpiceJet, Indigo and Jet.

Chemical sector will have positive momentum. Most of chemical stocks are keep making new highs, stocks like Thirumalai, Jayant Agro Oraganic, Jubilant agro, Monsnato, Akshar Chem, UPL, Gujrat Alk, GNFC, GSFC, Rastriya Chem, Suprem Petro are moving higher.  BASF, Akshar Chem, Thirumalai, and Bodal shall be in your buying list. BASF can move aggressively higher.  

Thanks & God Bless

 

Mahendra Sharma

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