Sensex closed down in wait of the Fed announcement and continues to face resistance and is not able to sustain above 15600 which is a crucial decider level... But through out the sluggishness which shud continue tomorrow to , there have been some excellent stock specific moves.. It seems like waiting for the known .. A .25 bps cut is already factored in so nething above or below could impact
Last 2-3 days i came out with a detailed article on small cap steel stocks look to be a gr8 buys at current levels ...the lines below were mentioned ....
As per my reading i expect all the small cap steel stocks to be at least one bagger in next 3 mths to 1 year ..20-40% gain would easily be achieved .
My picks were Ispat Inds , Sun Flag iron , Vikas Metals , Pennar inds and Adhunik Metals which was also mentioned yest and before too ....
Ansal infra hits a high of 271 , GMDC up 6% rightaway so investors chill and hold can add also , Adhunik hits 95 frm 82 reco , ISPAT 22 , Sun flag 22.60 even the small cap steels like MSP steel , Sal Steel , South Iron etc were up 5-15% 🙂
All have given a move of 15-30% in last 2-3 days .. The reason is the problem with pure techies like me who would wait for the fundamental changes reflect on the charts ... So i make notice of good fundas only on good chart formations ...
As a matter of fact 3 of the above stocks were recommended to clients in last 2-3 weeks for investment and made to add more at every rise ... yea we are the pyramiding guys and not the averaging ones 🙂 Now all we are doing is riding the winners with increased price tgts 🙂
10-Sep-2007 10:22:01 Buy Adhunik Metal half or more qty at79-80 and add at 77 stop 73 tgt 90-100
16-Aug-2007 11:29:00 SUN FLAG IRON buy small qty for medium term investment tgt 20 + ...
21-Aug-2007 10:47:47 Sun Flag IROn MEdium term buy call maintained buy around 15.50 -16 tgt 20 +
31-Aug-2007 13:29:00 Sun Flag Iron medium term call on amove given a fresh breakout can be added on declines fresh also
21-Aug-2007 10:12:22 : Buy Ispat inds around 16-16.60 tgt 21 short term
Also this message ( Hold and Add Ispat Inds till 20 for short term tgt 24 and long term 32+ ) was sent to free yahoo list and SMS we have started ..
THOSE WHO ARE SERIOUSLY INTERESTED IN LEARNING TECHNICAL ANALYSIS CAN GET IN TOUCH WITH ME NOORESH - 09819225396 and firstname.lastname@example.org for MORE DETAILS . WE WILL SOON BE COMING TO OTHER CITIES FOR THE SESSIONS . SO DO SEND IN YOUR CONTACT DETAILS if interested.
SMS INFO :
I was just trying this system of sending group SMS to friends. So lets try it out. To start receiving the messages read below :
JOIN NooreshTech to 567673434
SMS which will be charged 3 bucks i suppose. Use the exact uppercase or lower case as given. Delayed option just mail in the nos to email@example.com if possible will send invite. Every sms received after joining is free.
This is no exclusive service for the group people and readers. Its open to all , we are just trying some systems to keep the readers of the blog informed. Disclaimer on right side of the blog 🙂
Now the next thing which looks good on charts and on a risk reward basis is sugar stocks .... Only stock which has been covered is Triveni Engg at 58-60 levels some weeks back for a tgt of 69-75 again we did recommend btst gains in it...
We have already recommended it as a short term delivery to clients.. BTST carried all the FNO sugar stocks like triveni , balrampur , Bajaj Hind , renuka...After some time we also mentioned the same to yahoo list ...Triveni rocked frm 98 to 106
The current bounce should be arnd 5-15% in sugars can keep a stop of 3-4% frm current levels in any of the sugar stocks u like as generally its a very secular rally
Other stocks to watchout for :
IT stocks as we have been mentioning are better be avoided and rather go for IT training stocks and if u see during this periods our NIIT and Aptech are near and above life highs and IT stocks towards new lows 🙂
Weird Small cap Idea :
The stock seems to have bottomed out as now whatever the rate is seems to be the asset value ...well this is just a guess but can nnetime be a sellout candidate or somebody would try to revive ...Technically seems a move is in the offing high risk higher returns