*Market kya lagta hain @ 7.30 am – Wednesday, October 13th 2021.*
*SGX Nifty (+49, 18053)*
*"If you’re offered a seat on a rocket ship, don’t ask what seat! Just get on."*
As an investor, we are sure you must be enjoying the ongoing ride at Dalal Street.
Yes, this rising stock-market is just moving one way up. But many an investor friends who did not participate must be having a left-out feeling.
Yes, it’s not easy to sit on the sidelines when everyone else is making money.
We are sure, the only question going on in their mind would be —— *Are there still any bargains left out there in our stock market?*
*If so, where are they?*
Well, we are always of the opinion that there is always a bargain somewhere in the stock market, provided if you know where to look — even when most shares are expensive, like now.
*So, the big question: Which is the 1 stock to buy right now?*
You might be tempted to know on the one investment pick that carries the
lowest risk…
*Well, its VEDANTA…Vedanta is our preferred bet on the buy side…*
*VEDANTA (CMP Rs. 313):* Buy VEDANTA October Futures for 0-3 days at CMP 313 for an objective of 323/351. Stop 297. Alert: Breakout Play.
You either love it, or you hate it.
Vedanta is destined to keep going up. You just need to get on board as a buy and hold investor.
That brings us to our *call of the day* suggests staying aggressively bullish as long as Nifty stays above 17,817 mark.
*Before we end this column, the gyan mantra on steel stocks…*
*Steel stocks likely to be in limelight as surging energy prices look to blunt European production, and exports, in the months ahead. We like JSW STEEL and JINDAL STEEL & POWER.*
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
*SGX Nifty (+49, 18053)*
*"If you’re offered a seat on a rocket ship, don’t ask what seat! Just get on."*
As an investor, we are sure you must be enjoying the ongoing ride at Dalal Street.
Yes, this rising stock-market is just moving one way up. But many an investor friends who did not participate must be having a left-out feeling.
Yes, it’s not easy to sit on the sidelines when everyone else is making money.
We are sure, the only question going on in their mind would be —— *Are there still any bargains left out there in our stock market?*
*If so, where are they?*
Well, we are always of the opinion that there is always a bargain somewhere in the stock market, provided if you know where to look — even when most shares are expensive, like now.
*So, the big question: Which is the 1 stock to buy right now?*
You might be tempted to know on the one investment pick that carries the
lowest risk…
*Well, its VEDANTA…Vedanta is our preferred bet on the buy side…*
*VEDANTA (CMP Rs. 313):* Buy VEDANTA October Futures for 0-3 days at CMP 313 for an objective of 323/351. Stop 297. Alert: Breakout Play.
You either love it, or you hate it.
Vedanta is destined to keep going up. You just need to get on board as a buy and hold investor.
That brings us to our *call of the day* suggests staying aggressively bullish as long as Nifty stays above 17,817 mark.
*Before we end this column, the gyan mantra on steel stocks…*
*Steel stocks likely to be in limelight as surging energy prices look to blunt European production, and exports, in the months ahead. We like JSW STEEL and JINDAL STEEL & POWER.*
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
*Economic calendar, October 13th 2021*
🇯🇵 *Japan* : Reuters Tankan Index (Oct), M3 Money Supply (Sep), Core Machinery Orders (MoM) (Aug), Core Machinery Orders (YoY) (Aug)
🇨🇳 *China* : Trade Balance (USD) (Sep), Exports (YoY) (Sep), Imports (YoY) (Sep)
🇬🇧 *Great Britain* : Trade Balance Non-EU (Aug), Industrial Production (MoM) (Aug), Monthly GDP 3M/3M Change, GDP (MoM), GDP (YoY), Index of Services, Trade Balance (Aug), U.K. Construction Output (YoY) (Aug), Construction Output (MoM) (Aug), Manufacturing Production (YoY) (Aug), Industrial Production (YoY) (Aug), Manufacturing Production (MoM) (Aug), Thomson Reuters IPSOS PCSI (Oct), NIESR GDP Estimate, NIESR Monthly GDP Tracker
🇪🇺 *Euro* : German CPI (YoY) (Sep), German HICP (YoY) (Sep), German HICP (MoM) (Sep), German CPI (MoM) (Sep), Industrial Production (YoY) (Aug), Industrial Production (MoM) (Aug), German 30-Year Bund Auction, Germany Thomson Reuters IPSOS PCSI (Oct)
🇺🇸 *USA* : Mortgage Refinance Index, Mortgage Market Index, MBA Purchase Index, MBA Mortgage Applications (WoW), MBA 30-Year Mortgage Rate, OPEC Monthly Report, Real Earnings (MoM) (Sep), CPI Index, s.a (Sep), CPI, n.s.a (MoM) (Sep), Core CPI Index (Sep), Core CPI (MoM) (Sep), Core CPI (YoY) (Sep), CPI Index, n.s.a. (Sep), CPI (YoY) (Sep), CPI (MoM) (Sep), Cleveland CPI (MoM) (Sep), Thomson Reuters IPSOS PCSI (Oct), 30-Year Bond Auction, FOMC Meeting Minutes Federal Budget Balance.
🇯🇵 *Japan* : Reuters Tankan Index (Oct), M3 Money Supply (Sep), Core Machinery Orders (MoM) (Aug), Core Machinery Orders (YoY) (Aug)
🇨🇳 *China* : Trade Balance (USD) (Sep), Exports (YoY) (Sep), Imports (YoY) (Sep)
🇬🇧 *Great Britain* : Trade Balance Non-EU (Aug), Industrial Production (MoM) (Aug), Monthly GDP 3M/3M Change, GDP (MoM), GDP (YoY), Index of Services, Trade Balance (Aug), U.K. Construction Output (YoY) (Aug), Construction Output (MoM) (Aug), Manufacturing Production (YoY) (Aug), Industrial Production (YoY) (Aug), Manufacturing Production (MoM) (Aug), Thomson Reuters IPSOS PCSI (Oct), NIESR GDP Estimate, NIESR Monthly GDP Tracker
🇪🇺 *Euro* : German CPI (YoY) (Sep), German HICP (YoY) (Sep), German HICP (MoM) (Sep), German CPI (MoM) (Sep), Industrial Production (YoY) (Aug), Industrial Production (MoM) (Aug), German 30-Year Bund Auction, Germany Thomson Reuters IPSOS PCSI (Oct)
🇺🇸 *USA* : Mortgage Refinance Index, Mortgage Market Index, MBA Purchase Index, MBA Mortgage Applications (WoW), MBA 30-Year Mortgage Rate, OPEC Monthly Report, Real Earnings (MoM) (Sep), CPI Index, s.a (Sep), CPI, n.s.a (MoM) (Sep), Core CPI Index (Sep), Core CPI (MoM) (Sep), Core CPI (YoY) (Sep), CPI Index, n.s.a. (Sep), CPI (YoY) (Sep), CPI (MoM) (Sep), Cleveland CPI (MoM) (Sep), Thomson Reuters IPSOS PCSI (Oct), 30-Year Bond Auction, FOMC Meeting Minutes Federal Budget Balance.