Sensex is as said going towards the bounce region of 14570 …. Technically till we dont get back into the earlier channel ( i.e only above 14600-14700 ) the momentum will be subdued on the index …and Gap ups are not what i like so just be stock specific ………. Just keep trailing stoplosses and strict stoplosses and stop seeing the index or nothing be mechanical rather ….
Of late u would see lot of technical jargon by many people talking about Elliot wave , Gann and other analysis etc etc and 5 -6 nifty levels on either side so they can never go wrong and u will never find them wrong also as the thing is too confusing …
Technical Analysts or Fooling Scientists ???
But as always certain stocks are going vroooooom …………..Sterlite said yesterday on messenger at 560 hit 610 today cool 5-10% in BTST literally
Educomp our fav saying frm 350 is now 2000 rs + waah gain of 6 times… Investment rocks…
JUST GO in our Archives of last 3-5 mths and do CTRL- F and type EDUCOMP then NIIT , APTECH , ALPHA GEO etc see how many times we have repated them
Expo gas containers hit 20% freeze another weird small cap idea rocking…
Batliboi did well ….Vindhya tele should follow ….Bank of maharashtra good breakout soon 60 levels possible….
Stocks for now :
Matrix Labs and Tata Power look good for 2 weeks holding
First Source ( FSL ) is seeing good buying n punter interest watchout for it in coming weeks
Emkay , JRG , Apollo Sindhoori watchout for price n volumes increase good buying interest seen
Gammon and Bartronics look good as investments and will be slow n steady gainers ….can take small exposure
Patel Airtemp for intra circuit or couple of them …. Tanfac inds onlyif sustains above 42.3 otherwise avoid …
Weird Small cap ideas ( the one below is not weird )
Well this small cap unknow IT training co looks a gr8 investment cum trading pick …….
The liking towards the sector has made me pull out yet another unkown virgin stock…
The sector is good …Bennet & coleman holds 8% isnt that an indicator of good investment rationale…Buy n forget for 3 mths to 1 yr ….10-15% gain in extreme short term … Long term looks exciting …
General Thoughts :
Of late u would see lot of technical jargon by many people talking about Elliot wave , Gann and other analysis etc etc and 5 -6 nifty levels on either side so they can never go wrong and u will never find them wrong also as the thing is too confusing …Its so simple take a pivot calculator or some software generate a report by filters and push it up ……..
Later come up with a performance report where in profit is always booked at the highest price …
example Call given Buy ABCL at 470 tgt 478 stoploss 462 ….then the stock hits a high of 474 in the day and closes at 465 …
But how easy it can be manipulated 4 rs gain * 1000 shares …. also stoploss is 7 rs tgt is 8 rs ….and in the end u r in loss of 5* 1000 ….
And if u see the report increases by 9k 🙂 hahahah simple maths……
How the hell in such a case succes rate be less then 90% ( 10% presentation errors hahah )
If money making and analyzing markets was this simple then everybody would only be trading ;;;;;
Technical Analysts or Fooling Scientists or mathematicians ???…………….
TA course schedule
Bangalore June 23-24 ….Limited seats
FOr our SMS service + newsletter + yahoo messenger check http://analyseindia.blogspot.com for details and mail to firstname.lastname@example.org for payment details….