IS THIS AN OPPORTUNITY TO ENTER ADANI STOCKS? (2min read)
Gautam Adani did his trick
Adani Enterprises ended +4.76%, surprising many who expected a doomsday strike at the Adani Multibaggers!
If you are feeling greedy or fearful, here are some insights that will make it easier for you to decide which way to go.
> Apart from Adani Enterprises, Adani Ports & Ambuja Cement – the rest of Adani stocks had a free fall losing 1.53lakh Crores on Monday
> FPO non-institutional portion subscribed only 3%. FPO closes tomorrow unless extended. It means the remaining Rs.6000 Crores from the anchor investors need to be returned.
> Thankfully both Nifty & Bank Nifty took support from the crucial 200DMA, so crucial for the market to hold.
> As per press LIC has 36470Crores exposure whereas Indian Banks have about Rs.60000Crores, the fate of such a humongous sum cannot be ignored.
Will I buy it? Bought it… ( An opportunistic move)
> Max 5% of my TACTICAL PORTFOLIO can be used to buy Adani Enterprises & Ambuja Cements.
> 50% of Adani Ent (@2800) and 100% of Ambuja (@374) quota.
> Waiting for deployment opportunity for the remaining 50% of Adani Ent quota.
> No previous exposure to Adani stocks.
Unprecedented Volatility
> The charts reminded me of the fiercest rollercoaster rides.
> Bank Nifty moving 1000 pts up and down in a matter of 15mins.
> Unless you are a veteran trader, with nerves of steel, better to sit out the sidelines and enjoy the ride!
Budget Moves
> Wednesday will end the suspense of various rumors like alteration of capital gains rules, estate duty re-introduction, etc
> Clarity will emerge on the Adani FPO.
> Modi Govt’s last full budget before 2024 elections.
Next Steps
> Markets are not going below 200DMA yet, signaling a ‘correction’ not a ‘crash’, so stay on the course.
> Your Mutual Funds portfolio should be rebalanced and re-allocation completed for 2023.
> Assured Income Assets need to be introduced into the portfolio.
#nifty #sensex #banknifty #mutualfunds #opportunity #bank #markets #wealthmanagement #financialplanning
#adani #Hindenburg
(this information is for educational purposes and not advice or tip for #investing or #trading. Please consult your #financialadvisor before trading or investing)