Amar achieved the target.

My last recommendation ,which was given on 15 th Oct,Amar Remedies achieved the target.It touched 58. One can hold it with a trailing stop loss .

Nifty Has a Support at 4700

As I have mentioned in my earlier post,dated 22 July,Nifty came close to 5250 level,actually it made a high of 5181.It was waiting for a bad news for a correction. The Reserve Bank of India raised the minimum amount of money that banks have to keep in the form of liquid cash, gold or government bonds, called the Statutary Liquidity Ratio (SLR) from 24% to 25%.It has also increased the provisioning for banks' advances to the real estate companies. It caused the indexes to go down .
Nifty can take support on 4700.

Buy Amar Remedies

Stock-Amar Remedies
Industry-Personal Care
Cmp-41.10
Target-58
Stoploss-35
Holding Period-4 to 6 motnhs

Buy Ansal Infra

Stock-Ansal Infra

Cmp-82.10

Target-189

Stoploss-68

Holding Period-6 months

Shobha-Achieved The Target

I had given a buy call on Shobha Developers on 13th August.The target was given 300.Today ,it made a high of 307.Long term investor can still hold this position with a stoploss of 232.

Buy Kalindee Rail

Stock-KalindeeRail
CMP-164 .1
Target-230
Stoploss-138
Holding Period-4/6 months.

Aban Offshore -Buy

Stock-Aban Offshore
Cmp-1577
Target-2000
Stoploss-1290
Holding Period-4 to 6 Months.

Pick of The Week

Stock-Archies
Cmp-114.65
Target-140
Stoploss-98
Holding period-2 Months.

Reliance Communications -Pick of The Month

Stock-Reliance Communications
Cmp-288
Target-350
Stoploss-258
Holding Period-3 to 5 Months.

Charles H. Dow-The founder of Technical Analysis

Charles Henry Dow was a journalist.He was born in Sterling, Connecticut on November 5, 1851.
He founded the Dow Jones & Company with his two reporter friends.Dow was also the founder and first editor of The Wall Street Journal.He developed some certain methods to understand and analyse the dynamics of the market which are known as Dow Theory.

The stock market has three movements:
1.Primary or major movement ,which lasts from one year to several years,
2.Intermediate Movement,which lasts from 10 days to 3 months(Retraces to 33% to 66%),
3.Minor movement, which can last few hours to a month.

The stock market has three trends:
1.accumulation,
2.public participation &
3.distribution.

He introduced the Dow Jones industrial average in 1896,by tracking the closing stock prices of twelve companies, adding up their stock prices and dividing them with twelve.One year later he introduced railroad averages.His view was ,if industrial average and the railroad average go together then it is a bullish signal for the economy.He also insisted to focus on volume and said steady increase in volume gives the idea that trend is getting stronger.He died in Brooklyn, New York,in 1902 at the age of 52.

Must Watch- The Ascent of Money

History Fox channel showing a very decent series based on Niall Ferguson's book,The Ascent of Money: The Financial History of the World .He himself is the host and examines the long history of money, credit, and banking.
Timing: Thursday,10 pm.

Jesse Livermore

"It took me five years to learn to play the game intelligently enough to make big money when I was right."

One of the greatest trader of all time,Jesse Livermore.His view on day trading was,"There are times when money can be made investing and speculating in stocks, but money cannot consistently be made trading every day or every week during the year. Only the foolhardy will try it. It just is not in the cards and cannot be done."

BOOK PROFITS

NIFTY AUG FUT
TARGET ACHIEVED-4700

Buy INDIAINFOLINE

Stock-India Infoline
CMP-136.30
Target-200
Stoploss-110
Holding Period-3 to 5 months

Pick of The Day

Stock-Suzlon
CMP-85.65
Target-140
Stoploss-70
Holding Period-5 to 6 months

BUY GANESH HOUSING

Stock-Ganesh Housing
CMP-101.50
Target-200
Stoploss-78
Holding Period-6 to 8 months.

PICK OF THE DAY

Stock-SobhaDevelopers
CMP-212
Target-300
Stop Loss-190
Holding Period-6 months.

BUY NIFTY AUG FUT

Buy Nifty Aug Fut -CMP-4392,TARGET-4700,STOP LOSS-4330.

SHORT TIME BUY

L&T- BUY (LONG), CMP-1513 , TAREGET-1660 , STOPLOSS-1430

ITC- BUY( LONG), CMP-240.40, TARGET-265, STOP LOSS-230.

ABB-BUY(LONG) ,CPM-691, TARGET-780, STOPLOSS- 675.

LANCO(LITL), BUY(LONG) -CMP-408, TARGET-450, STOPLOSS-420.

STER- BUY(LONG) -CMP-665-TARGET-740 ,STOPLOSS- 638 .

SATYAM-BUY -CMP-110.80 ,TARGET-120, STOPLOSS-105.

Nifty to Reach 5250 Soon

Nifty is going to touch 5250 very soon.Monsoon across India is improving and pushing the belief of the investors into the right direction.Frontline stocks like Reliance,ICICIBANK,Ster,Relcapital are good to trade.

Worst Has Not Yet Come

I have studied the last recession ,which began in 1929.As it is said , history does repeat itself.If this happens then there is a nightmare coming in the stock markets around the world.In 1929 ,on the peak of the stock market DOW JONES INDEX was on around 381.In the worst year of recession it went on to touch around 41.