Welspun corp

Fresh ATH

298

85 To 298 Done ✔️ Till Now

GLOBAL ISSUES

$ Index@ 111 at 20yrs High

$ @80.45 ATH

FED increases Rates by 0.75% bps
& gave sluggish view and futher rate hikes coming

Next week RBI meet for Rate Hike
( Expexted 40 to 50 bps hike & Anything below that wld be good for our markets)

Expect huge volatility

Be very much stock Specific & Sector Specific

Q2 Numbers are starting from next months

Concentrate on stocks which are consolidating in a Range or close 52wk would be the 1st to start upmove & Can give Good Q2 numbers

Report Upgrade on Patajali

Gujarat Alkalies has expanded its caustic soda capacity from 785 TPD to 1310 TPD and started production on 20th September.

Caustic soda prices seem to have stabilised in the last one month or so, though at a much higher level (70-80% higher) than its historical average.

Patanjali foods

1436

Opportunity to accmulate on all dips for investment

Support@ 1380

Aurion pro

425

Only I.T company that has made new ATH yesterday

Management has given Guidance of 30% YOY

And Sustainable Margins where
Others I T stocks are facing Margins pressure

Focus on Quality & Growth stocks

Utlise downfall to add Conviction picks

Nifty testing 17380

Days Low - 17342

Would watchout for closing

Buy favorite stock picks
Don't miss this opportunity

Bounce back coming

Just Another observation

When whole world was making highs. Our index relatively rallied less since FII were forced to sell as per of EM basket of which China is majority.

So selling side also there will be less pressure now and FII funds started flowing from other routes. Business wise, corporate earnings are healthy for most of Indian companies

Every International Company want to JV with indian counterpart & every wealthy pension fund or Group wheather from Saudi Arabia Canada 🇺🇸 U.K increase their exposure in 🇮🇳

We can outperform compare to other economy and our our own domestic demand.

Need to watch Q2 Very closely.

I.T stock picks Valuation

Chemicals stocks with PAT Margin & ROCE

AWL

OUT OF ASM FRAMEWORK

YTD returns of Equity Markets

0.0% 🇮🇳 Nifty 50
-2.3% 🇯🇵 Nikkei 225
-4.8% 🇬🇧 FTSE 100
-14.6% 🇨🇳 Shanghai SE
-19.9% 🇫🇷 CAC 40
-21.2% 🇺🇸 S&P 500
-22.5% 🇹🇼 Taiwan Taiex
-23.0% 🇰🇷 Kospi Index
-23.3% 🇩🇪 German DAX
-27.7% 🇷🇺 Russia RTS

Good news is that till now
We are Outperforming Global Markets

Reasons for India Equities correcting :

1. World market's may be the biggest reason for the fall.

2. Inflation will be another reason for fall. Not only India but all over the world this will be biggest issue.

3. Fed rate hike upto 3.5/4% possible going forward

4. Rupee depreciation can take its value to 85 - 88 - 90 .
Last month RBI had sold 100 billion dollars in open market to stabilize rupees. But RBI won't do this everytime.

5. Due to this Import will become costly.

6. Higher import cost will lead to fall in forex reserve. We have already lost 100 billion in last one month to stabilize rupee.

7. Our foreign reserve came from FDI so we need to create different sources to generate Foreign reserve. China's foreign reserve is 6 times more than India. So government will have to seriously think on it.

8. China's foreign policy may keep world economy unstable. China and Taiwan war happened then US and Russia may also get involved in it.
India and China border issues is still not resolved.

9. In 2024 there will be election and before that we may see political drama in India ( Already Its started in Rajasthan) Political parties will have to focus on Growth and development.

India will always remain in focus for investment but also keep above points in mind before doing aggressive investment

Would look for 17180 & 17000 zone for Reversal

If 17000 is broken 💔 than can see lower levels

Every Dip would be buying opportunity if one has 6/12/18/24 months view

Tata Elxsi vs LTTS vs KPIT Tech

Diwali pick before Diwali

Vikram Thermo

Cmp - 56

Accmulation zone - 48 To 56

Support@ 45/41

Test Levels- 75/85/100/120/150+

Demerger already announced
Value unlocking coming

S/L - 37.25 on cbsl or As Per Risk