Buy Blue Chips NOW

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”

The winds of political change have been blowing for some time. Large corporate bodies are quick to make necessary adjustments. It was no surprise that Reliance Chairman Mukesh Ambani chose to visit New Delhi and meet important government functionaries to express his point of view on the issue of windfall tax. In a choppy market, Reliance managed to recover sharply.

Market participants too have to adjust to the changing winds. It is better to take a longer term view because by the time you try to make quick adjustments, the direction of the wind may change. Some buying may be seen in mid cap counters. HUL could be among the safer stocks for the time being.

I understand a handful of people may be active on select counters. Some buying is also happening on the hopes that if the government sails through with a confidence vote, the markets will give a thumbs’ up and see some short term spurt. These are high risk events.

For long term, the trend is clearly positive.

I personally feel that this is the Best time you will get to accumulate Future Blue Chips at such tempting prices. So, enjoy the volatility as long as it lasts and Accumulate.
My choice of scrips for Long Term:
Fortis Healthcare
GMR Infrastructure
Himatsingka Seide
Reliance Petro
L&T
ABB
Mundra Port
Aditya Birla Nuvo
Biocon
NTPC
Thermax
Jain Irrigation
Tata Chemicals
Tech Mahindra
Sterlite
Karnataka Bank
Unitech
Crompton Greaves
Dishman Pharma
Dabur
This is just a sample list. More can be added. And some may even be replaced over a period of time. But the crux of the matter is, these are a MUST HAVE in every portfolio.
Best of luck.