March 2010 seems to be breeze. While all the talk about rising food prices and inflation is going on, the market seems to ignore these indicators. The global markets are slowly gaining confidence and March advance tax figures too have been encouraging!
Amidst all this, I feel if there are some profits to be taken off the table, this would be the best time. Come April and fund houses will churn portfolios and prices will see more valatility. One bad quarter will see earnings downgrades from various fund houses. I think April and May could be boring times for the market. The absence of trading opportunities may bring down volumes. As for me I am looking at Hindustan Lever with rising interest. But the question is, should I pump in more cash or replace another stock in my kitty. While I still make up my mind, anyone got better ideas?

We are now at 16000 sensex after scaling 17500. The media is heating up to the budget 2010. I think this time, the expectations from the budget are quite low, since the RBI has sent clear signals towards tightening of liquidity. The stimulation package worked well all thanks to the RBI and the finance ministry. At that time, it was probably the only solution to the looming crisis. Now the banks have started to become aggressive at selling their auto, home and other retail loan products. True to their style, the banks have started to lend the umbrella when the sun has started to shine! Now they are faced with CRR hikes and withdrawal of cash forwarded to them earlier by RBI, which for some strange reason, they never lent to their customers. Anyway, in a nutshell, it means that we will see markets a little boring in the near future. I think it augurs well for the markets and I also think markets will continuously look for reasons to move upwards, now that the business climate has regained some of the confidence led by auto companies. So friends I am always on the lookout for bargains! What about you? Have a look at those beaten down telecom stocks! Do you see any opportunities?

Results have been a mixed bag. Interest rates may harden! Commodity prices firming up! Food prices soaring! Looks like happy days are gone for markets. The markets fell with record columes on Thursday, 28th Jan 2010. I have been only watching. I sold some Havells last month, only to see higher levels. Anyway, I have long stopped trying to time the markets as I know it is impossible to get it right every time.
As of now, I think markets are in consolidation mood. It was due after the prolonged rally upto 17700. Now, i am looking to add one of my existing stocks in my portfolio. That will be Indian hotels. I am waiting for 85 levels. I hope I manage to grab some at those levels. So as for me, I think it is best to add to your best stocks in your portfolio. The economy indicators are going to be changing all the time. Getting bogged down by them is not my way. "Tighten shoe laces for a roller coaster ride till budget day and fix targets for all purchases" is what I will be doing!