Vulture’s Pick Weekly market summary

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Price Targets are estimated using Artificial Intelligence and hypothesis that markets are inefficient.

Observations:
1. FIIs selling pressure is reduced and expected to reduce further in view of FED keeping its rate unchanged
2. Last two quarter earnings growth for NIFTY is negative
3. NIFTY is trading at 22 PE and it is most expensive market in world
4. Latest GDP growth is lower than previous qtr GDP growth. Export growth is also negative.
5. Signal from Artificial Intelligence based analysis of NIFTY technical data (price and options) as well as of its components is to stay out of market
6. China issue still not sorted out.

So for a long term bull trend to continue NIFTY earnings needs to grow. However, in the short term, due to recent correction, positions can be taken in good quality undervalued stocks.

Market may correct more from here so better to stay out or book profits

cropped-1367876176_4617_vulture.jpg
Price Targets are estimated using Artificial Intelligence and hypothesis that markets are inefficient.
Market may correct more from here so better to stay out or book profits:- Reasons
1. FIIs are selling
2. Last two quarter earnings growth for NIFTY is negative
3. NIFTY is trading at 21 PE and it is most expensive market in world
4. Latest GDP growth is negative
5. Signal from Artificial Intelligence based analysis of NIFTY technical data (price and options) as well as of its components is to stay out of market
6. China issue still playing out
7. FED rate hike uncertainty

So unless NIFTY shows growth in earnings – no amount of optimism (came from Modi Euphoria) will help market to go up.

All positions are closed:

Closed eClerx Services, IndusInd Bank, and KPIT Tech. Reason -target met. Profits earned are 30.97% (annualized-39.11%), 31.96% (annulized-41.37%), 20.96% (annualized- 93.28%) respectively

cropped-1367876176_4617_vulture.jpg
Closed eClerx Services, IndusInd Bank, and KPIT Tech. Reason -target met. Profits earned are 30.97% (annualized-39.11%), 31.96% (annulized-41.37%), 20.96% (annualized- 93.28%) respectively

Price Targets are estimated using Artificial Intelligence and hypothesis that markets are inefficient.