Monday, February 29, 2016

morning thoughts...

We await the union budget today and lots of volatility is expected.
The government is under huge pressure to deliver. Touted as the 'Do or Die Budget', the Finance Minister is expected to come up with the roadway to achieve what the government promised since May 2014. Last year was loaded with 'great expectations'. And it certainly took long to come to terms with economic reality. While expectations are realistic now, it hasn't made the Mr Jaitley's job any easier. The global economic scenario offers little to support growth. Domestic demand is weak. The growth this year to a large extent will depend on how monsoons play out. As banks are ridden with bad debts, monetary policy too won't help beyond a point. Divestment in the current market is unlikely to achieve the desired objective. A lot of onus to support growth rests on fiscal spending then. So will the fiscal deficit target for FY17 be relaxed to make way for more spending and investment? Will the government take a tough stand on reforms and their execution to mobilise growth. The upcoming budget will answer some of these questions. No wonder the budget is the most awaited event for the market. Most investors are waiting on the sidelines for the big announcement. Budget blues have added to the weak sentiments. The sharp correction this February is noteworthy. The year-on-year correction in the Sensex this Budget month has been the steepest in the last seven years. And while a lot of investors are getting nervous about this correction, we would like to point out the long-term silver lining for investors.
We have picked out some multi and ten baggers which are ripe for an over 60% returns in very short term , some stocks will double from cmp and some are ready to crash more than 50%
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Pick up Jackpot fo stocks for next 20 days and take rest for full year as it will be enough profits to spare for the year.
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