General Trading Chat

[Smart_trade]

Hi ST. I hope you are doing good. I need your suggestion to invest in MF for retirement. my uncle age is 46 year and he can invest Rs 15k to 20K per month in MF. He is working in a private company without any PF or EPF. Currently, he has only FD and own house. Thanks for your help.

Hi ocil,
For beating the inflation investing in equity or equity mutual funds in not an option but it is a necessity.As your uncle has about 14-15 years for retirement,I suggest he can start SIPs in small cap,multicap and largecap funds.I would suggest Rs 3000 in small cap,Rs 7000 in multicap and Rs 5000 in diversified largecap funds and as the retirement comes near,before 1-2 years of retirement he can shift the fund value in balanced funds to reduce the volatility risk.I am assuming that he has insured himself adequately for life and medical insurance.

For small cap funds consider Reliance small cap Fund,Mirae Asset Emerging Bluechip Fund, For multicap Fund consider ICICI Prudential India Opportunities or ICICI Value Discovery Fund ,Motilal Oswal Multicap 35 Fund, and for Large cap Fund consider Birla Sunlife Focussed Equity Fund,ICICI Bluechip Fund,Birla Sunlife Frontline Equity Fund.....these are just examples,you can google search and decide on other funds as well...

If he is working in a Pvt company without PF,pension then he must start investing in mutual funds.As he gains experience in mutual funds he can redeem his FDs and move the money to balanced funds....but capital formation is must for him in next 14-15 years.....it is already late,don’t delay it further.After retirement for his monthly expenses he can do SWP...but that will come much later.After 14-15 years he must retire with a Fund value of Rs 2.5 to 3 Cr...so the time is running out.He has to invest more in SIPs .

Remember people say that investing in equities and equity MF is risky....but not investing in them is more risky .

Best wishes for his happy and wealthy retirement.....

Smart_trade

 

[soft_trader]

ST Da, What is your view of dmart at this price (1300)? I don't know how to read fundamentals of a company. What is the best way to learn fundamentals in easy language? any book or anything else?

 

[apegaonkar9]

Hi,
Where can I get future Open interest details please suggest the website details
Thanks
Apegaonkar

 

[soft_trader]

Hi,
Where can I get future Open interest details please suggest the website details
Thanks
Apegaonkar

you will get it from nse website

 

[Smart_trade]

ST Da, What is your view of dmart at this price (1300)? I don't know how to read fundamentals of a company. What is the best way to learn fundamentals in easy language? any book or anything else?

DMart has very less financial history available but from its working and the business model I find it attractive at Rs 1300.The organised retailing space is attracting foreign players like Wallmart but considering huge market in India,the potential for growth is very large.
For learning the fundamentals study articles on “How to read balance sheet “ , Financial ratios,cash flow etc.....there used to be a good book “ Finance for non financial executives “ by CA Anil Lamba.I don’t know If it is still available.On internet there will be plenty of material .Also read Warren Buffet’s Berkshire Hathaway AGM letters to his shareholders and Motilal Oswal’s wealth creation studies which they publish in December every year.There are 22 past studies available on their site.Any book on business finance should be good.

Smart_trade

 

[PreSap]

can anyone suggest best way to access this thread from mobile. To get the notifications and to access my watched threads.

Tapatalk

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[vivektrader]

Record date for LT buyback has been set for October 15th.

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[Smart_trade]

Now strong stocks like TCS,RIL started cracking.....so some more downside still left. Normally such stocks crack in the last leg of the downmove.

Smart_trade

 

[Smart_trade]

Tech I will soon book profits...all guys moving out from financials and getting into tech so soon it will become heavy.Sector rotation will catch up there.

ST

Tech stocks correcting as expected....

ST

 

[john302928]

Update on 1 .10.2018. @10.28am
wave 4 looks like over and wave 5 has begun. wave 5 looks like ED. but thats not yet sure. but that is a possibility.But wave 4 looks like over. There is no change in reversal confirmation point.If it is going to reverse then we will break that reversal confirmation point with clean impulsive wave

small change. Wave 4 was over on 3.10.2018 around 12 pm @25464. Final leg wave E of wave 4 triangle became complicated correction and later wave 5 started in style.Below is the raw chart. I will post some what clean chart a while later. Banknifty might not cross 24834 for next few sessions. But if it crosses today, it would just be a trap and it wont sustain above 24834 today. Be cautious.

Below chart is zoomed in view of the highlighted area in the above chart

update on 4.10.2018 @1.30pm. We still have pink wave 5 and black wave 5 due