Anil Singhvi, Managing Editor, Zee Business, says, it is the right time to do SIP in Gold and continue investing in the metal on every fall of Rs 1,000. During a candid radio chat with RJ Salil Acharya, Radio City, 91.1 FM, Mumbai, Mr Singhvi said, Nazara Technologies is open now and people can invest in it for strong listing gain. 

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Starting the radio chat RJ Salil said, many question marks are coming in the world. Indian markets have seen some ups and downs due to banking policies. Do we need to doubt anything from this? And the IIP numbers were quite high. Is there anything wrong with all these things? To which Mr Singhvi said, NO. There are two small problems of one is external and the second is internal. The external problem is that there are signs of an increase in interest rates of the bond rates in the US. Here it is so that the FIIs who were buying strongly – the green dollars were coming to India – have pulled their hands slightly. So, these are the two issues. But you know that the markets are on a bull run and buying is happening every fall. Earlier, there was a smooth-riding in which things were going on comfortably without any jerk but now things are moving a little intermittently, speed-breakers are coming on the path. But they are moving and advancing, this is confirmed. 

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Continuing the chat, RJ Salil said, just before going to the question of IPOs, I would like to ask about the Gold, whose rates are rotating in the range of 45,000-47,000. So, what should be the next target for this, if people are willing to trade in it? Mr Singhvi replied to this by saying that it is time to buy. It is the right time when you can do SIP in Gold. Assume that you will add more every time the Gold comes down by Rs 1,000, if it comes down to 43,000, 42,000 or 40,000, however it will not come but don’t fear if it comes to these levels. Simply, continue buying. You can buy, make your better half buy, it will get double peace – money will be made, and mood and atmosphere will be right at the home too. Keep a target of at least 50,000 and the long-term investors will be able to see the target of 55,000 plus in the coming year. So, for the short-term keep a target of 48,000-50,000 and for the long term keep the target above 55,000. 

Further RJ Salil said, let’s talk about the IPOs because today everyone is willing to increase their investment in the market and earn money from the market and people should invest in their companies. So, which IPOs will you talk about? Mr Singhvi said, many IPOs are coming in March and it seems that there is a great need for social distancing in IPOs too. There should be some gap between them so that people can get allotments and they can get a chance to invest. But what is happening is that one IPO is coming after another. IPO of Nazara Technologies has opened now and you can invest in it for a strong listing gain. And, if you will not pray to God after investing in the IPO and sit quietly then you will not get an allotment because these are the IPOs that are subscribed many times, i.e. they are subscribed 100 times, 150 times to 200 times. So, it will be a lottery and those who do not have faith in the lottery, and you are sure that you will not get the allotment in the IPO then buy ITC from the secondary market. It is around Rs 210 per share to buy them and keep them as an investment for the next year.