Do not be impatient to cash-in into the market right now or be in a hurry to buy stocks (even of fundamentally strong companies) from a medium to longer term perspective. The markets are going in for much deeper correction and this possibly indicates more bad news is in the offing. My advice will be to bide your time as there are too many uncertainties surrounding our market and it is likely to be reactive to both internal & external news and developments. Any future rally is more likely to be a technical, pull-back rally and will not be sustainable unless the market goes through a period of consolidation, say, for at least 2-3 months -- the longer the better for a strong rally in the future like the recent one which ran it's course from March to September 2016. .At the moment, I see a dis-connect between the Indian & the US market -- while Bond prices are falling and stocks are rising in the US in expectation of increase in the interest rate and reflation, the opposite is happening in India. Also, contrary to public perception, a deflationary process of falling prices is likely to curtail demand and it will not provide the required impetus to the economy to race ahead. Consequent upon demonetization, the economy will experience a liquidity crunch as people and corporates will need time to adjust to the new environment as well as the unpredictability of the new challenges that are thrown at it. In the circumstances, I don't think the markets have bottomed out and I expect the broader market to correct another 5-7% from current levels (though select individual stocks may correct more) and,after that, the market is likely to go into a consolidation phase, at least till February 1, 2017, when the budget for the next fiscal will be presented. [Refer to my WhataApp message sent a couple of days back]. 

After factoring the above, the indicative prices for the stocks are given below which may be a safe level to buy. However, it will be prudent to keep some 10-15% cash handy to buy in case the stocks correct more than the price indicated by me.

NMDC: Rs.95-100.

Coal: Rs.275-280.

Syndicate Bank: Rs.55-60.

TFCI: Rs.40

Sumeet: Rs.25.

Moil: Rs.275

GR Chari

It is a truism that misfortunes never come singly & it is no exception for the market. The TRUMPism in the USA,  the demonetisation of Modi & the imbroglio in the Tata House have all converged to change the sentiments & direction of the market. This correction is also a knock on the head to naive investors who think that the market is a one way street. So, what's in store for the market for the balance part of the year? For one, the market, at the fag end of the year has started giving both time-wise & price-wise correction and the short term momentum indicators have started trending down decisively. As indicated by me on 4/11, the major near term support for the market @ 8,000 has already been tested on 9/11 and it is very important that this level is not vitiated in the days to come. Mind you that, after yesterday's correction, we are once again close to the 8,000 level in the Nifty. The Nifty after touching 8,002 has rallied to the level of 8,550-8600 indicated by me & reversed ferociously from those levels. This is an advance warning that the state of the market is very brittle & even a small bad news can aggravate the fall. At the moment, the market has entered over-sold territory & a sharp rally cannot be ruled out. As the market cracked from the previous support level at 8,500, the pull back rally, when it happens, can retest that level. In short, I expect the market to trade in 8,000-8500 levels in the next 2-3 weeks as the market will wait for further cues from the FED & RBI on the interest rates. The spike in the Bond Market in the U.S. is a clear indication that the rate hike is a given thing. But our market can fall ahead of the forthcoming event and in case the 8,000 level is breached on the downside, I expect another falling knife which can take the Nifty all the way down to 7,500. This will be 3/4th correction of the rally from March to September 2016. This is the broader trend of the market and trends cannot be broken or reversed easily. Some stocks may try to defy the fall and don't be lured to buying them as they will later fall in line with the broader market correction. I expect the market may face more headwinds till the presentation of the Budget likely on Feb. 1, 2017 and the prudent thing to do will be to keep your nerves under control, stop playing the guessing game, use the rallies to exit stocks and stay in cash till some sign of bottoming is visible in the charts. Caution & Cash should be at your side at this critical moment. You are welcome to check with me before taking an investment decision and, may be, with God's benign grace, He will give me the power to give you the right advice.
"Risk is good, but not properly managing your risk is a dangerous leap". -- Evel Knievelwisdom.
The above is a toast for your
 financial health.

Valued Contribution by Sh GRChari

My take: Amongst 1000s of articles subsequent to demonetization, perhaps the most rational balanced analysis

*Once upon a Time there was Hitler*
1. Hitler had not got married
2. Hitler used to think that people of certain religion were enemies of the country
3. Hitler’s supporters could not tolerate any criticism against him
4. Hitler used to paint and sell colours in his childhood
5. All the means of publicity, newspapers, magazines were devoted to publicise Hitler
6. Hitler had crushed all Labour movements
7. Hitler used to call his rivals anti-nationals/traitors
8. Hitler had joined the Nazi party as an ordinary worker and gone on to finish all his rivals and had become the leader of the party
9. Hitler had come to power campaigning that he would end all problems in a jiffy
10. Hitler, after he came to power could not manage to end any problems, but he certainly managed to destroy Germany
11. Hitler had come up with a slogan to come to power--- *Good Times will Come—Acche din aayenge!*
12. Hitler’s party when it won, he went to the German Parliament for the first time and cried profusely
13. Hitler had come to power lying
14. Hitler used to love dressing up and look good
15. Hitler had the consummate art of making lies look like truth
16. Hitler always used to say, I, me, I, me, I, me always
17. Hitler used to love giving speeches on Radio (there was no TV those days)
18. Hitler used to have a lover whom he used to get spied on
19. Hitler always used in his speeches *“friends, friends” (mitron, mitron)*
20. Hitler used to love getting photographed

```P.S: This post is just and just about Hitler. If this post feels like it has any resemblance to anybody else except Hitler, you can blame it on your own imagination.```

PR warroom of BJP churning out new adulatory msg for Namo every few hours to brainwash the public and taking his plain rhetoric as reality.
Charity must begin at home:

1. If his intentions are really clean then FIRST he should have banned cash donations to political parties. All parties every year receive hundreds of crores of donation majority of which is shown in CASH and accounts of political parties should be subject to audit by CAG

2) Agriculture income above a nominal slab should invite income tax. A normal kisan ( which constitute  more than 90% of total kisan community) owns small parcels of land and barely survives. Majority of politicians use agriculture biz to launder black into white. These politicians never do any agriculture. Bought some tract of land using black money and each year, show agriculture income running in several crores which is TAX FREE. If Supreme Court takes Suo moto cognizance to find out the truth. Entire nation will be shocked to learn the scam which runs into thousands of crores. Politicians ( excluding bizmen turned politician) rarely pay income tax but have amassed Networth running into hundreds of crores only using agriculture income route/fraud

20 Microns Ltd
Hot Buy
Breaking News

One can buy. Co has mines in white minerals. Has been doing well. Full report tmrw. Investors may buy TODAY as Q1 results were excellent and Q2 should be better( Today)
Stock price should go up 50% in next few weeks.
Can be even 3x in 18-24 months

There is no let-up in the markets technical      set-up which is in a downward drift. The Nifty came once again close to test the crucial support level at 8500 on 2/11. Tomorrow's trading will decide if the mkt bounces back, once again, from 8500 and stays/closes > 8500 or plunges < 8500. If the latter happens, which is more likely given the trend of the market, be sure the "FEAR FACTOR" will set-in and take the Nifty down initially to 8400 & then 8350. The FII's, who are the movers & shakers of the market are in an unwinding mood & the tremors in NYSE will reverberate in BSE. The impact is already visible in front line stocks & it will percolate down & hit like an avalanche the mid & small cap stocks which are being supported by HNI's & MF's. Time to book profit (even a small loss), sit in cash & re-enter later. At the moment, it appears to me to be a correction in a bull rally and not a change in the primary trend of the market, which is still up. Even from a fundamental perspective, the market valuations are rich & Q2 results for front line companies are not earth shaking to warrant an upward spiral in prices.

Valued Contribution by Mr  G R Chari

High Tech pioneer co available Dirt Cheap:

_Shilp Gravures Ltd_

Ahmedabad based SGL is pioneer and leader In Electro Mechanical Engraving for flexible packaging industry.

This high precision technology involves making of Anilox Roller, Lamination Roller, Coating Roller.

Shilp technology chooses from Chemical Etching, Mechanical Engraving, Electromechanical Engraving, Digital Laser Technology to give wide range of Engraving parameters for varied applications in _fast growing flexible packaging industry_

Financials:

           Q1FY17

Sales.    16.80

NP.            2.13

Equity       6.15

Eps.           3.47

Future outlook:

           FY17E.    FY18E

Sales.    74.        88

NP.         9.10.    11

EPS.   14.80. 17.90

SGL is trading at *6.28xFY17Eeps and only 5.20xFY18Eeps*.
Such low valuations are exceptionally low by any yardstick( In Q4 of FY16, SGL had made one off expense of 2.76 Cr)
Gravure printing is extremely high technology. And at a time when companies with low earnings are commanding irrationally high valuations, SGL undoubtedly a tempting pick

In fact, _some foreign companies keen to buy out promoter at very high valuations but promoter not keen_

TP Rs 175 in 18 months
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