Yogesh's blue chip 10 Portfolio

Q&A: Questions & Answers Portfolio Q&A
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For anyone still taking the temperature of the markets and interested in knowing where we are, it’s a good time to look again at Yogesh’s spreadsheet.

Percentage of stocks trading above 200 DMA in Nifty 100 is 34%, Midcap 100 is 22%, Smallcap 100 is 6%. Since all these have 100 stocks, the numbers actually correspond to the number of stocks above 200 DMA.

My observations

  1. Smallcaps - Only 6 staying above 200 DMA of which HEG and Graphite India are two which could go under in another session. Atul, KSCL, NIIT Tech and Cyient are the other 4.

  2. Midcaps - 22 Stocks above 200 DMA. 8 of these are barely above - as in under 5% above 200 DMA. In just a session that 22% could drop to 14% quite easily.

  3. Largecaps - Although 34 stocks are above 200 DMA, about 14 of them are barely above and this could drop down to 20% in a week.

Things are getting quite interesting and next few months could be a good stock picker’s market. Perhaps time to dust-off value investing principles and pick up some bargains.

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