It was a fantastic week for market. The positive things in the budget positively affected the market. But the market closed in red on Friday because of the global issues and the increase in the crude oil price.
In this post I'm just giving a model portfolio that investors can make use in the upcoming weeks.
Diversify your funds in different sectors so that the risk factor can be reduced.
Short term investors must be very careful in this situation because if the crude oil price again go up, then definitely there is a chance for a correction in the market.
I think the immediate support level of market in the next week will be 5600 and the next support level will be 5680. So it is advised that short term investors should do profit booking in these range.
In auto mobile sector I prefer the following stocks.
> Mahindra & Mahindra: the best entry level for this is 640 and 600. Now the stock is in the range 676.
> Maruthi and Hero honda are the next best option in this sector.
> I prefer Tata motors, but since the budget is positive for auto mobile sector, the current level of tata motors is high. So wait for a correction in the market.
In Banking sector I prefer
> IndusInd bank: The best level for buying is 219 and 203.
> SIB: The immediate resistance is 23. The best entry levels are 19 and 17.
>SBI: The support level for SBI is 2589 and 2464 and the resistance level is 2800.
> Central bank: This is one of the good share I prefer for long term investment. The current level is 157 and the resistance level is 164.
In IT sector I prefer
> TCS: It has strong fundamentals. Safe entry level is 1090 and 1044.
>KPIT: The stock is good to buy in the range 144 and 130.
In power sector I prefer Powergrid corporation and PTC. PTC is better to buy in the 81 and 73 levels.
In the Metal sector JSW Steel and Tata steel. 921 and 841 are the 2 major support levels for JSW steel.
So make a portfolio that contains stocks from different sectors.
There is a meeting by RBI on March 17. This meeting will definitely affect the market mood, because of the global crisis and inflation. So I advise short term investors should take a strategy of step by step investment. Watch the global trends especially the crude oil price.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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