Wednesday, April 23, 2008
Buy MCDOWELL-N for Mid Term
MCDOWELL-N is at its good support levels... accumulate it for mid term. It has interesting chart for mid term. Have stop loss @1550 cause if it goes below this then will look for support @ 1430...
Best buy is in range of 1570 to 1590
Short term player can look for level of 1700...
Call Performance Update
1) Call IFCI buy @ 50.45 hold for level of 59 and 65. Given on Sunday
Result: On Tuesday, high price: 59.75!!! First resistance level.
On wednesday High Price: 63.65!!! Second Resistance levels.
2)Call PeninLand buy peninsula land one week target 118. stop loss 96 Given on Monday
Result: On Tuesday, Showed a major break out from 103 to 113 10% gain (maintaining its call for the targets given)
3)Call: if hoteleela go beyond 47 then it will head for 54... a good buy.. Given on TuesDay
Result: On WednesDay, Showed a major break out from above 47 to 51.65 9% Gain (maintaining its call for the targets given)
Happy Investing!!!!
Rohit
Result: On Tuesday, high price: 59.75!!! First resistance level.
On wednesday High Price: 63.65!!! Second Resistance levels.
2)Call PeninLand buy peninsula land one week target 118. stop loss 96 Given on Monday
Result: On Tuesday, Showed a major break out from 103 to 113 10% gain (maintaining its call for the targets given)
3)Call: if hoteleela go beyond 47 then it will head for 54... a good buy.. Given on TuesDay
Result: On WednesDay, Showed a major break out from above 47 to 51.65 9% Gain (maintaining its call for the targets given)
Happy Investing!!!!
Rohit
Market View:Do only seletive buying
As mentioned in my post "Market will react to results very sharply,,,," two days earlier..
"Though I am not very bullish on market at this time of time..(This is opposite to most of my analyst friend who have very +ve outlook for the market.)" .....market is showing huge resistance.
Market is getting over priced as it is reacting to the good results very sharply. .. In such a scenario do selective buying only.... Don't run after "hot stocks".
Even People with more risk appetite should book profit in shorter time spans with "hot stocks".
Good thing about this market is that after huge falls of jan-march, quite a few good scrips are available at reasonable prices, which gives investor plenty of opportunity for selective buying.
As an over all view market is over priced and the momentum is due to good results only. Any bad news will give market a tight jolt so be careful...
"Though I am not very bullish on market at this time of time..(This is opposite to most of my analyst friend who have very +ve outlook for the market.)" .....market is showing huge resistance.
Market is getting over priced as it is reacting to the good results very sharply. .. In such a scenario do selective buying only.... Don't run after "hot stocks".
Even People with more risk appetite should book profit in shorter time spans with "hot stocks".
Good thing about this market is that after huge falls of jan-march, quite a few good scrips are available at reasonable prices, which gives investor plenty of opportunity for selective buying.
As an over all view market is over priced and the momentum is due to good results only. Any bad news will give market a tight jolt so be careful...
Tuesday, April 22, 2008
Imp Note: How to get max out of this blog
Hi,
The calls on this blog are for short term with a 15 day horizon in mind. The expected targets are often met much sooner.
All the calls are based on pure technical analysis done through a software called "The Big Bull", which I have developed and have been using for over 2 years now.
I have been giving calls since Jan 2007 and the hit ratio has been more then 90%....during this phase i saw the mad bull run of Sep 2007 to Dec 2007 and the shocking falls of Jan 2008 to march 2008. In all the situations the calls performance has been stellar.
I manage a hedge fund 'RHF' dedicated to stock market only. You can contact me at rohitbansal83@gmail.com for more details about the fund.
I recommend that people look @ stock market as investments and concentrate on risk management rather considering stock market as a place to make big bucks in no time. In the current indian stock market, I believe that a constant 7-8% per month growth can be easily achieved if invested wisely.
I wish you all the best with stocks and feel free to reach out to me for suggestions/questions/comments.
Rohit Bansal
rohitbansal83@gmail.com
The calls on this blog are for short term with a 15 day horizon in mind. The expected targets are often met much sooner.
All the calls are based on pure technical analysis done through a software called "The Big Bull", which I have developed and have been using for over 2 years now.
I have been giving calls since Jan 2007 and the hit ratio has been more then 90%....during this phase i saw the mad bull run of Sep 2007 to Dec 2007 and the shocking falls of Jan 2008 to march 2008. In all the situations the calls performance has been stellar.
I manage a hedge fund 'RHF' dedicated to stock market only. You can contact me at rohitbansal83@gmail.com for more details about the fund.
I recommend that people look @ stock market as investments and concentrate on risk management rather considering stock market as a place to make big bucks in no time. In the current indian stock market, I believe that a constant 7-8% per month growth can be easily achieved if invested wisely.
I wish you all the best with stocks and feel free to reach out to me for suggestions/questions/comments.
Rohit Bansal
rohitbansal83@gmail.com
hoteleela ..@ crucial resistance of 47
if hoteleela go beyond 47 then it will head for 54... a good buy..
IOC... down n down
IOC broke its very strong support level of 450 Currently trading @448.85. If opens below 450 and stays there for some time then short it....
next support level is 425 and then 400. if breaks that also then will go to 350.
next support level is 425 and then 400. if breaks that also then will go to 350.
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