Sharekhan

Dear Friends,


Nifty traded positive on Friday ending 56 points higher. Global cues were extremely positive due to lower unemployment rate in the US.



Saving regularly is an important activity and must not be neglected. The importance of savings can be seen from the way retirees are able to live comfortably or not in their post retirement life. Some retirees are able to afford expensive holidays, other lavish expenses etc whereas others are barely able to cover their medical and basic expenses. Hence, we must learn lessons from the people who have developed good investment
habits.


There is no opportunity to buy for short term currently. As long as the stocks are higher than the red line, they should not be freshly bought. It is actually a Hold indication. However, since we have already made 10% profits in the rally, we have to now wait for the next rally.


The important thing to note is that although short term opportunities do not occur throughout the year, long term investors get the chance to invest on a monthly basis in bluechips. They do not have to wait for any particular sign before they invest for that month. This also encourages a regular savings plan for people so that they are ready to face any challenging situations in their life.