Tweet Buster: Bad numbers buy signal, says who? Plus Arora’s advice for DIIs
Here is what Dalal Street honchos had to say on the goings-on in the stock market.
The market cheered Mandate 2019 by scaling all-time highs. But with the elections out of the way, market will now want to do some reality check, what with the economy slowing down, global trade war seeing an escalation and oil prices gyrating wildly.
In today's edition of the Tweet Buster, let's focus on what top D-Street honchos made of the election verdict besides looking at the latest investment tips from some market veterans.
Safir Anand, a value investor on Dalal Street, summed up the market movement on election day, saying "the market neither rewarded those who played for an upmove, nor those who played for a huge downside."
The market neither rewarded those investors who played for an upmove nor those who played for a huge downside.— Safir (@safiranand) 1558631651000
Anand went on to elaborate that predictions about single-day Nifty movement were a waste.
Markets again proved It's not about political mood But all that matters is economy and earnings Past had held sim… https://t.co/1ETxCfVdCW— Safir (@safiranand) 1558611712000
Sandip Sabharwal popped the bubble about the market rally, highlighting the fact that it has actually risen only half a per cent this month.
For those who think that the markets have risen a lot this month. Nifty is up just 0.5% at this point of time.— sandip sabharwal (@sandipsabharwal) 1558683701000
But he shared a few sectoral recommendations that he says might make money in the next one to two years.
Building construction materials, sanitaryware, tiles, pipes, paint etc will be in huge demand as the Government foc… https://t.co/AtoAkS9XSO— sandip sabharwal (@sandipsabharwal) 1558678232000
He says any correction in stocks now will be a good time to enter the market.
Any correction created due to global cues will be a great opportunity for investors. Huge cash on the sidelines wi… https://t.co/5EjqI3xDO5— sandip sabharwal (@sandipsabharwal) 1558598872000
CK Narayan, an expert on market technicals with ET NOW, seemed to second this view.
You may have missed buying near the lows -but you didnt, because you didnt have the courage to do so! So not to reg… https://t.co/hj16SqF1gK— Dr.C.K.Narayan (@CK_Narayan) 1558409467000
Narayan asked investors to focus on stock research as a major churn can be expected in the market.
Good performers will be over rewarded temporarily. Bad performers may be mercilessly dumped. So do be alert for som… https://t.co/nQsuBMNyPl— Dr.C.K.Narayan (@CK_Narayan) 1558662831000
Shyam Sekhar, iThought, shared a tip on contra-investing. He said, "Bad numbers can also be buy signals. Great numbers can be sell signal." This points to the fact that one needs to be careful while reading the earnings of a company.
Some Q4 results are really good. Some need to be read between the lines. Some are still not showing any sign of pr… https://t.co/rFqcecL7f7— Shyam Sekhar (@shyamsek) 1558490030000
Lastly, Samir Arora of Helios Capital, has a word of advice for DIIs.
I guess someone has to tell the DIIs that there is no legal requirement that if FIIs are buying, they have to sell.— Samir Arora (@Iamsamirarora) 1558615483000