Lots of ups and downs in this portfolio in this correction- but the technical structure remains bullish in most of the picks- so no change as of now.
Now correction seems to over , RSI is back way below 70s- we have at least 1000-1200 points journey ahead. Let’s see whether we need to change anything on coming Friday.
( usual fortnighly review)
The stocks in this watchlist are in different stages - some are ready to shoot, some are already in momentum and some might come into momentum.
For example- Gujarat Gas might be near to its bottom or another 20-30 rupees downside is still left in it.
I would wait for my set-up to give me a buy signal only then i would enter ( for example - my set-up for Godrej Porperty, GSFC,Kolte Coal India is shouting buy from Monday morning itself. so I acted on those set-ups …as far as this momentum portfolio is concerned, i am keeping a discipline of only doing the changes once in fortnight )
Here are the proposed changes to be done today (fortnightly revision )
HDFC Life to be replaced by SBI Life
Sundram Fasteners to be replaced by Eicher
Kopran to be replaced by Tata Motors
Fairchem Organics to be changed to BirlaSoft
Would update theh notional table by evening after doing the transactions.