Did I miss the buying opportunity in Indian Stocks last week?
I was hoping for the Sensex to go below the 12,000 point mark before starting a position in some blue chip Indian stocks but it seems like I missed the opportunity so far. Sensex rebounded strongly last week to close the week at 13,285.93 and never went below the 12,000 point level that I was hoping for before starting a position.
Let’s look at the performance of Indian stocks from last week:
The thing is that you can expect the Sensex to go down just as swiftly as it went up last week.
The stocks and Funds I am targeting for now are:
- ICICI Bank (NYSE: IBN)
- HDFC Bank (NYSE: HDB)
- Indian Fund (NYSE: IFN)
- MS India Fund (NYSE: IIF)
- IPATH ETNS (NYSE: INP)
I also like:
- Tata Motors (NYSE: TTM)
- Infosys (NYSE: INFY)
I consider all of above mentioned companies to be blue chip stocks and would love to invest in them for the long term.
I am definitely going to keep an eye on both the Indian banks IBN and HDB and also INP which is an ETF.
* I don’t own any of the stocks mentioned above.
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