Stock cmp-551.30
Target-780
Stoploss-495
Holding Period-6 months.
Tuesday, August 31, 2010
Thursday, May 6, 2010
Wednesday, April 28, 2010
Wednesday, April 21, 2010
Book Profit in Maytas Infra
My clients and readers are advised to book profit in Maytas Infra.This call was given by me in April and the target was given 211.Today,the stock rose to touch 212.80.Those who wish to hold it for a long term can put a trailing stop loss of 190 and can remain invested in it.
Friday, April 9, 2010
Nifty Can Touch 5500
This month Nifty can touch 55oo mark.I advice my clients and readers to book half of their profits on the said levels.
Saturday, February 6, 2010
Friday, January 29, 2010
RBI Hikes CRR
The Reserve Bank of India has hiked its cash reserve ratio by 75 bps to 5.75% as against 5% at its credit policy meet today. (100 basis points=1%)
The move will be implemented in two stages. The first 50 bps hike will come into effect on February 13 while the next 25 bps hike will be effective February 27. The move will result in a mop-up of Rs 36,000 crore by February end.
The central bank has left unchanged the reverse repo, repo, and bank rate at 3.25%, 4.75%, and 6% respectively.
This move by RBI is a step to control the rising inflation.The Reserve Bank had earlier projected the inflation to be around 6.5 per cent by fiscal-end.*
*Fiscal year: 1 April - 31 March
The move will be implemented in two stages. The first 50 bps hike will come into effect on February 13 while the next 25 bps hike will be effective February 27. The move will result in a mop-up of Rs 36,000 crore by February end.
The central bank has left unchanged the reverse repo, repo, and bank rate at 3.25%, 4.75%, and 6% respectively.
This move by RBI is a step to control the rising inflation.The Reserve Bank had earlier projected the inflation to be around 6.5 per cent by fiscal-end.*
*Fiscal year: 1 April - 31 March
Sunday, December 20, 2009
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 .
Wednesday, October 28, 2009
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.
Nifty can take support on 4700.
Thursday, October 15, 2009
Buy Amar Remedies
Stock-Amar Remedies
Industry-Personal Care
Cmp-41.10
Target-58
Stoploss-35
Holding Period-4 to 6 motnhs
Industry-Personal Care
Cmp-41.10
Target-58
Stoploss-35
Holding Period-4 to 6 motnhs
Monday, October 5, 2009
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.
Friday, October 2, 2009
Monday, September 14, 2009
Sunday, September 13, 2009
Thursday, September 3, 2009
Reliance Communications -Pick of The Month
Stock-Reliance Communications
Cmp-288
Target-350
Stoploss-258
Holding Period-3 to 5 Months.
Cmp-288
Target-350
Stoploss-258
Holding Period-3 to 5 Months.
Wednesday, September 2, 2009
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.
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.
Sunday, August 30, 2009
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.
Timing: Thursday,10 pm.
Saturday, August 29, 2009
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."
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."
Thursday, August 27, 2009
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