Overvalued Stocks Under “Strong Buy” Category

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Overvalued Stocks Under “Strong Buy” Category

Stock Market Today – 12th December 2020

Last Week Index Performance

As a wise Investor, we may avoid investing in Overvalued Stocks because we want to get the early bird advantage by investing in Undervalued or Fairly Valued Stocks. But sometimes we see that even after being Undervalued a stock keeps giving higher returns. So we should not be biased regarding the Valuation Concept. If the Stock is giving healthy Sales & EPS growth and has good price performance consistently then we can invest in it even if it is overvalued.

Overvalued Stocks under “Strong Buy” Category:Overvalued Stocks under “Strong Buy” Category

Indian Benchmark Index, Nifty 50 opened at 13265 in the current week, it made a high of 13579 and closed at 13514. FII and Pro combined sold 46130 contracts in the Index Option as on 11th December 2020.

Weekly performance of the markets worldwide are as follows, the US Index, S&P 500 opened at 3690 in the current week, it made a weekly high of 3714 and closed at 3660. Hong Kong Benchmark Index, Hang Seng opened at 26769, went up to 26784 and closed at 26504 in the current week. The Japan Benchmark Index, Nikkei opened at 26733, made a weekly high of 26819 and closed at 26653 in the current week.

To get in-depth knowledge and details about Nifty Open Interest, subscribe to our app Value Stocks and or the website www.valuestocks.in.

The US 10 Year T-Note is trading at 138.02. The Bond has crucial support at 117.42 made on 5th Nov 2018. The US Dollar Index is trading at 90.970.
US DATA

Major Sector Performance as on 11th December 2020Major Sector Performance as on 11th December 2020

Minor Sector Performance as on 11th December 2020Minor Sector Performance as on 11th December 2020

Large Cap Gainers & Losers as on 11th December 2020

Mid Cap Gainers & Losers as on 11th December 2020

Small Cap Gainers & Losers as on 11th December 2020

Forthcoming Results
Forthcoming Results

DISCLAIMER
There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of the research team. You are advised to rely on your judgment while investing/ Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read and understand the Risk Disclosure Documents before trading/Investing.

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