Buy Yes Bank at 382 for a target of 450 SL 350
Buy Supreme Industries at 282 for a target of 350 SL 260
Happy investing...
Buy Supreme Industries at 282 for a target of 350 SL 260
Happy investing...
Saturday, September 29, 2012
The week ahead, Strategy
Last week, the BSE Sensex opened at 18760, attained a low at
18550 and moved to a high of 18870 before it closed the week at
18763and thereby showed a net rise of 9 points on a week-to-week
basis. Traders who are long may keep the stop loss of 18200 and those
who cannot take much risk can keep it at 18500. Buy on a breakout above
18910 with the low of the day as stop loss or 18500, whichever is lower.
Last week, the BSE Sensex opened at 18756.31, attained a low at
18552.68 and moved to a high of 18869.94 before it closed the week at
18762.74 and thereby showed a net rise of 9 points on a week-to-week
basis.
A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.
Support will be at 18552 and 18291. Fall below the support level may show near-term sideways movement or minor correction or consolidation above 18200 before making an attempt to move higher above 18900.
The 61.8% retracement level of the fall from 21108 to 15135 is placed at 18815. The high registered last week was 18870 and formed a doji ,which suggests that a momentary halt to the rise could be seen unless another sharp rise and close above 18910 is witnessed.
Weekly resistance will be at 18904 and 19221. Weekly support will be at 18728, 18586, 18552 and 18291.
The 100% projection is at 19129 and the important lower tops from the peak of 21108 are 19131, 19811 and 20664.
On a further rise above 18910, expect the rise towards 19129-19221. The upper channel line for the larger degree Wave B is 19332. Wave c of Wave B may end at the current level or on rise to 19129-19221-19332. In the event of a vertical rise above the upper channel a rally towards the peak could be seen with step by step resistance coming from lower tops. Later, we may look at 78.6% and 88.6% retracement levels which will be at 19811 and 20452.
Initial task for the Sensex is to survive above 18200.
BSE Mid Cap Index
Resistance will be at 6695. On a further sustained rise and close above 6695, expect the rally to continue towards 6900 at least and to an outer extent to 7500. The projection targets are 6900 and 7500.
The retracement levels of the fall from November 2010 high of 8791 to a fall of 5073 in December 2011 are placed at 6907 and 7370. These are 50% and 61.8% retracement levels.
The 50% is coinciding with 61.8% projection which is at 6900. Till 6300 is not violated strongly, the broad market bias may remain to buy selective stocks on decline. This may be the time to look for fundamentally genuine stocks to buy on decline for good returns in the medium-term.
Conclusion
Broadly, it looks that 18200 is important to hold the current uptrend and must sustain above 18900 to keep the positive momentum going on weekly charts.
Strategy for the week
Traders who are long may keep the stop loss of 18200 and those who cannot take much risk can keep it at 18500. Buy on a breakout above 18910 with the low of the day as stop loss or 18500, whichever is lower.
A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.
Support will be at 18552 and 18291. Fall below the support level may show near-term sideways movement or minor correction or consolidation above 18200 before making an attempt to move higher above 18900.
The 61.8% retracement level of the fall from 21108 to 15135 is placed at 18815. The high registered last week was 18870 and formed a doji ,which suggests that a momentary halt to the rise could be seen unless another sharp rise and close above 18910 is witnessed.
Weekly resistance will be at 18904 and 19221. Weekly support will be at 18728, 18586, 18552 and 18291.
The 100% projection is at 19129 and the important lower tops from the peak of 21108 are 19131, 19811 and 20664.
On a further rise above 18910, expect the rise towards 19129-19221. The upper channel line for the larger degree Wave B is 19332. Wave c of Wave B may end at the current level or on rise to 19129-19221-19332. In the event of a vertical rise above the upper channel a rally towards the peak could be seen with step by step resistance coming from lower tops. Later, we may look at 78.6% and 88.6% retracement levels which will be at 19811 and 20452.
Initial task for the Sensex is to survive above 18200.
BSE Mid Cap Index
Resistance will be at 6695. On a further sustained rise and close above 6695, expect the rally to continue towards 6900 at least and to an outer extent to 7500. The projection targets are 6900 and 7500.
The retracement levels of the fall from November 2010 high of 8791 to a fall of 5073 in December 2011 are placed at 6907 and 7370. These are 50% and 61.8% retracement levels.
The 50% is coinciding with 61.8% projection which is at 6900. Till 6300 is not violated strongly, the broad market bias may remain to buy selective stocks on decline. This may be the time to look for fundamentally genuine stocks to buy on decline for good returns in the medium-term.
Conclusion
Broadly, it looks that 18200 is important to hold the current uptrend and must sustain above 18900 to keep the positive momentum going on weekly charts.
Strategy for the week
Traders who are long may keep the stop loss of 18200 and those who cannot take much risk can keep it at 18500. Buy on a breakout above 18910 with the low of the day as stop loss or 18500, whichever is lower.
Monday, September 24, 2012
Saturday, September 22, 2012
Delivery based Tips for Monday, 24 Sept 2012
My long term calls,
Buy Bajaj Finserv at 780 for a target of 980 SL 690
Buy SKS Microfinance at 119 for a target of 160 SL 100
Buy Bajaj Finserv at 780 for a target of 980 SL 690
Buy SKS Microfinance at 119 for a target of 160 SL 100
Monday, September 17, 2012
Delivery based Tips for 18 Sep 2012
Buy Pearl Global Industries at 110 for a target of 160 SL 90
Buy Pidilite Industries at 206 for a target of 290 SL 180
Buy Pidilite Industries at 206 for a target of 290 SL 180
Sunday, September 16, 2012
Delivery based tip for 17 September 2012
Hey, I am back with my tips after more than 1 year as now I foresee a upward movement in stocks. For a change I am giving only medium to long term tips only. For bullion tips, you may visit my blog bullionnaire.blogspot.in
Buy ZEE Entertainment Enterps at 170 for a target of 210 SL 155
Buy SWARAJ Engines at 419 for a target of 600 SL 340
Buy ZEE Entertainment Enterps at 170 for a target of 210 SL 155
Buy SWARAJ Engines at 419 for a target of 600 SL 340
Sunday, August 26, 2012
Is stock market crash is coming???
A crash in the stock market happens when there is a rapid trading of assets in the stock market which causes stock prices to quickly drop. There is not one single cause to all stock market crashes and many factors influence each crash in a completely different fashion. However, the performance of the economy is a major influence and affects the sentiment of investors. In a prosperous and growing economic where the GDP is increasing, investors will generally feel more optimistic and the stock market is less likely to crash. On the other hand, in a struggling and slowing economy, investors will probably feel less optimistic and began to trade their stocks. The trading of stocks can spark the start of a stock market crash. Other factors that can cause the stock market to crash include unemployment, inflation and high interest rates.
Group Mentality of Investors
Although the performance of the economy is one of the most significant indicators of the direction of the stock market, a crash may be caused by a situation which influences a huge trading of stocks and may not be an economic cause at all. For example, the days after the 9/11 attacks in New York, the stock market fell dramatically because of panic and uncertainty on how the attacks would affect the economy in the future. This shows how the stock market can crash and nearly every crash is the result of the group mentality of investors – an overwhelming feeling of negativity and panic about the future. When high level investors get out of the market because of a particular event, other investors are likely to follow and this creates a mad dash to trade away stocks before the prices drop any further when the news spreads. This type of group mentality is common in single stocks in regular business cycles but during a crash this mentality spreads throughout entire sectors of the economy.
Overpriced Assets
Another variable that may create a situation that influences a stock market crash is the tendency for particular assets to be overpriced because of price speculation. When investors believe that an asset with become more valuable in the future, they will purchase the asset in hopes of taking advantage of those future gains. When a large number of investors purchase the same asset with the anticipation of future gains, the demand that is created will raise the price of the asset. In essence, the investors have created a self-fulfilling prophecy. When more investors continue to purchase the asset because of its expected strong performance, the price will inflate to the point where it is higher than the actual value of the asset. Then the price of the asset will reach a point where it is evident that the price is higher than the actual value and investors will respond by quickly trading the asset, causing a drop in price. This massive trading may create panic and lead to the rapid trading of other assets as well. As an example, during the economic recession in 2008, oil and real estate prices bubbled and then quickly collapsed. This affected many sectors of the economy and lead to falling stock prices.
Do you think any other factors create stock market crashes? What can investors do to protect themselves against stock market crashes? Please leave your comments below.
Group Mentality of Investors
Although the performance of the economy is one of the most significant indicators of the direction of the stock market, a crash may be caused by a situation which influences a huge trading of stocks and may not be an economic cause at all. For example, the days after the 9/11 attacks in New York, the stock market fell dramatically because of panic and uncertainty on how the attacks would affect the economy in the future. This shows how the stock market can crash and nearly every crash is the result of the group mentality of investors – an overwhelming feeling of negativity and panic about the future. When high level investors get out of the market because of a particular event, other investors are likely to follow and this creates a mad dash to trade away stocks before the prices drop any further when the news spreads. This type of group mentality is common in single stocks in regular business cycles but during a crash this mentality spreads throughout entire sectors of the economy.
Overpriced Assets
Another variable that may create a situation that influences a stock market crash is the tendency for particular assets to be overpriced because of price speculation. When investors believe that an asset with become more valuable in the future, they will purchase the asset in hopes of taking advantage of those future gains. When a large number of investors purchase the same asset with the anticipation of future gains, the demand that is created will raise the price of the asset. In essence, the investors have created a self-fulfilling prophecy. When more investors continue to purchase the asset because of its expected strong performance, the price will inflate to the point where it is higher than the actual value of the asset. Then the price of the asset will reach a point where it is evident that the price is higher than the actual value and investors will respond by quickly trading the asset, causing a drop in price. This massive trading may create panic and lead to the rapid trading of other assets as well. As an example, during the economic recession in 2008, oil and real estate prices bubbled and then quickly collapsed. This affected many sectors of the economy and lead to falling stock prices.
Do you think any other factors create stock market crashes? What can investors do to protect themselves against stock market crashes? Please leave your comments below.
Wednesday, October 6, 2010
Delivery based Tips for Thursday, 07 Oct 2010
Here are my recommendations for Thursday, 07 Oct 2010
SCRIP | Buy Above | Target | SL | Type | Horizon |
Reliance Infra | 1120 | 1200 | 1080 | ST | One month |
KS Oils | 53 | 56.5 | 51 | ST | One week |
Essar Oil | 144 | 150 | 141 | Day/BTST | 2-3 Days |
Ahluwalia Contracts | 212 | 220 | 208 | Day/BTST | 2-3 Days |
Sunday, October 3, 2010
Delivery based Tips for Monday, 4 Oct 2010
Here are my recommendations for Monday, 04 Oct 2010
SCRIP | Buy Above | Target | SL | Type | Horizon |
Indian Overseas Bank | 136 | 147 | 131 | ST | One month |
Subex Ltd | 52 | 55 | 50 | ST | One week |
NMDC Ltd | 276 | 287 | 268 | Day/BTST | 2-3 Days |
Reliance Industries | 1006 | 1044 | 982 | Day/BTST | 2-3 Days |
Sunday, August 29, 2010
Delivery based Tips for Monday, 30 Aug 2010
Here are my recommendations for Monday, 30 Aug 2010
SCRIP | Buy Above | Target | SL | Type | Horizon |
PTC India | 116 | 125 | 112 | ST | One month |
Indian Oil Corporation | 410 | 436 | 400 | ST | One week |
Jyoti Structures | 141 | 147 | 138 | Day/BTST | 2-3 Days |
Everest Kanto Cylinder | 107 | 112 | 105 | Day/BTST | 2-3 Days |
Thursday, August 26, 2010
Delivery based Tips for Thursday, 26 Aug 2010
Here are my recommendations for Thursday, 26 Aug 2010
SCRIP | Buy Above | Target | SL | Type | Horizon |
Piramal Glass | 124 | 134 | 120 | ST | One month |
Indraprastha Gas | 320 | 337 | 312 | ST | One week |
JK Tyre | 179 | 187 | 175 | Day/BTST | 2-3 Days |
Tata Coffee | 508 | 530 | 497 | Day/BTST | 2-3 Days |
Tuesday, August 24, 2010
Delivery based Tips for Wednesday, 25 Aug 2010
Here are my recommendations for Wednesday, 25 Aug 2010
SCRIP | Buy Above | Target | SL | Type | Horizon |
Chambal Fertilizers | 71 | 78 | 69 | ST | One month |
TV18 | 91 | 98 | 89 | ST | One week |
Ucal Fuel | 90 | 94 | 88 | Day/BTST | 2-3 Days |
Wockhardt | 238 | 248 | 234 | Day/BTST | 2-3 Days |
Monday, August 23, 2010
Delivery based Tips for Tuesday, 24 Aug 2010
Here are my recommendations for Tuesday, 24 Aug 2010
SCRIP | Buy Above | Target | SL | Type | Horizon |
Plethico Pharma | 406 | 440 | 394 | ST | One month |
Bata India | 327 | 346 | 318 | ST | One week |
Castrol India | 484 | 505 | 474 | Day/BTST | 2-3 Days |
Natco Pharma | 225 | 235 | 220 | Day/BTST | 2-3 Days |
Sunday, August 22, 2010
Delivery based Tips for Monday, 23 Aug 2010
Here are my recommendations for Monday, 23 Aug 2010
SCRIP | Buy Above | Target | SL | Type | Horizon |
United Bank of India | 101 | 111 | 98 | ST | One month |
Reliance Industrial Infra | 906 | 960 | 888 | ST | One week |
IDBI | 131 | 137 | 128 | Day/BTST | 2-3 Days |
Deepak Fertilizers | 161 | 169 | 157 | Day/BTST | 2-3 Days |
Wednesday, August 18, 2010
Delivery based Tips for Thursday, 19 Aug 2010
Here are my recommendations for Thursday, 19 Aug 2010
SCRIP | Buy Above | Target | SL | Type | Horizon |
Indian Overseas Bank | 133 | 145 | 129 | ST | One month |
Omaxe | 131 | 139 | 127 | ST | One week |
BPCL | 680 | 710 | 668 | Day/BTST | 2-3 Days |
Cairn India | 340 | 355 | 334 | Day/BTST | 2-3 Days |
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