Worst is getting behind
End of the day This is WED Chakry in advance. Knowing past analysis is good for market understanding. Hold what you have instead of panic selling even if you cannot buy more. 21 months is long time and market has shown same pattern which we saw in Sept 2021 though the period of consolidation was just 8 months. The Indian stock market correction between October 2021 and June 2022 was a significant period of consolidation following the massive post-COVID liquidity rally. During... Read More
Posted On Oct-20,2026 / Categories : Chakry Comments
Time to check India trade position : not worrisome
End of the day This is Monday CHAKRY and no talks on stocks hence no disclosures required. Market rallied almost 950 points and another 700 possible in this settlement and you all know the power of CORPORATE in controlling market. On Thursday when FPI sold 5500 crs yet Nifty was 400 + so what I used explain now you can realize. As expected 1st trigger has come from RIL that JIO IPO. Second should come from FINMIN on LTCG and third should come from... Read More
Posted On Oct-17,2026 / Categories : Chakry Comments
IDBI sell is nothing but big time reform
End of the day Korea Japan tanked as expected. Bond yields crashed. Indian Govt considering scrapping LTCG to bring in 500 bn % into equities. India rallied for 2 reasons JIO IPO ( JIO is now AI co) and IDBI sell has triggered reform button. Govt set to cross divestment limit which we discussed in YMV. We also explained that despite OIL shock India budget is not railed big. RIL should cross 1300 1400 and with that even Nifty should cross 24000 and once again the power Mr Ambani... Read More
Posted On Oct-16,2026 / Categories : Chakry Comments
Street wants action not statements
End of the day As expected the FM statement had limited impact for a day. Real action will start once decision is taken on LTCG. We have learnt that our paper of alternate exemption in LTCG by making investment in certain qualifies assets class has reached finance ministry. We do not know whether it will be acted and if whether in the same form but if done, this will change the face of Indian economy, Indian markets for sure. We still hold our target of 42000 in next 2 years will... Read More
Posted On Oct-15,2026 / Categories : Chakry Comments
Reaction to FM statement
End of the day Yesterday Sensex was 1200 points after F M reiterated to consider the LTCG and STT which proves that FPI were at loggerhead with the Govt on these issues. Korea tanked and India recovered and if these are acted then we can see Nifty doubling like Kospi. Sitharaman said the government was willing to hear stock market investors’ concerns about the tax system, including LTCG and STCG. Then, in July, the Minister of State for Finance told Parliament there was no... Read More
Posted On Oct-14,2026 / Categories : Chakry Comments