Some of the weekly trading ideas are :
Stock Support Resistance
Neyveli Lignite 145 162
GSPL 90 105
Vijaya Bank 48 56
Jindal Steel & Power 650 750
Monday, November 30, 2009
Sunday, November 29, 2009
TEN COMMANDMENTS FOR INVESTING By Mr Rakesh Jhunjhunwala
TEN COMMANDMENTS FOR INVESTING:
•Be an optimist! The necessary quality for investing success.
•Expect a realistic return. Balance fear and greed.
•Invest on broad parameters and the larger picture. Make it an act of wisdom, not intelligence.
•Caveat emptor. Never forget this four-letter word -R-I-S-K.
•Be disciplined. Have a game plan.
•Be flexible. For Investing is always in the realms of possibilities.
•Contrarian investing. Not a rule, not ruled out.
•Its important what you buy. It’s more important at what price you buy.
•Have conviction. Be patient. Your patience may be tested, but your conviction will be rewarded.
•Make exit an independent decision, not driven by profit or loss
•Be an optimist! The necessary quality for investing success.
•Expect a realistic return. Balance fear and greed.
•Invest on broad parameters and the larger picture. Make it an act of wisdom, not intelligence.
•Caveat emptor. Never forget this four-letter word -R-I-S-K.
•Be disciplined. Have a game plan.
•Be flexible. For Investing is always in the realms of possibilities.
•Contrarian investing. Not a rule, not ruled out.
•Its important what you buy. It’s more important at what price you buy.
•Have conviction. Be patient. Your patience may be tested, but your conviction will be rewarded.
•Make exit an independent decision, not driven by profit or loss
What is common between Tiger Wood and a Trader
Course management of golf, one of Tiger's great hidden attributes, is no different from trade management in the markets — one of the keys to successful trading.
Adam Hewison,President INO.com,Co-creator of MarketClub.com share about his ideas .
You can read about it . by clicking the link given below:
Have a nice weekend ahead.
Thursday, November 26, 2009
The sun never sets on Dubai World -- Will it set this time.??
Dubai Debt Crisis has sent shock waves across the globe bringing back the memory of worst financial crisis which we witnessed last year.
American Markets are closed on account of Thanks Giving Day holiday. European Markets are feeling the pinch and most of the markets are trading in negative with loss of more than 2 %.
One can read about the crisis in brief at
http://www.bloomberg.com/apps/news?pid=20601087&sid=aRsjlClzl500
Our markets were showing signs of weakness and this crisis may act as a trigger for a deeper corrections.
Nifty 50 DMA is around 4970 and if Nifty is not able to trade above it then we may see the possibility of retesting it the recent pivots of 4538- 4550.Every major dips should be used to buy. One can refer to our list of all time high stocks for reference.
Health care sector do well in falling market.
Glaxo has had four days of correction and has found support at 20 DMA . It has support at 1590 and resistance is at 1715.
Orchid Chemical has support at 175 and resistance at 210.
Realty, Infra are the weakest sectors and Banking stocks may also get affected in short term by the negative sentiments arisen out of Dubai crisis
American Markets are closed on account of Thanks Giving Day holiday. European Markets are feeling the pinch and most of the markets are trading in negative with loss of more than 2 %.
One can read about the crisis in brief at
http://www.bloomberg.com/apps/news?pid=20601087&sid=aRsjlClzl500
Our markets were showing signs of weakness and this crisis may act as a trigger for a deeper corrections.
Nifty 50 DMA is around 4970 and if Nifty is not able to trade above it then we may see the possibility of retesting it the recent pivots of 4538- 4550.Every major dips should be used to buy. One can refer to our list of all time high stocks for reference.
Health care sector do well in falling market.
Glaxo has had four days of correction and has found support at 20 DMA . It has support at 1590 and resistance is at 1715.
Orchid Chemical has support at 175 and resistance at 210.
Realty, Infra are the weakest sectors and Banking stocks may also get affected in short term by the negative sentiments arisen out of Dubai crisis
Wednesday, November 25, 2009
Dollar Weakness
We are witnessing persistent weakness in Dollar, which fell to 14 year low yesterday after the Fed said it plans to keep interest rates at "exceptionally low levels" for an "extended period" -currently the Fed funds rate stands at a range between zero and 0.25 percent.
Weakness in Greenback will encourage dollar-carry trades. It means US Investors would buy higher- yielding assets outside America.
This may result in more money flow to Emerging Markets.
Commodity stocks may perform today. Keep on booking some profit as we inch higher.
Sesa Goa has supports at 350-365 and resistance are at 400-430.
One should keep Nifty Index stop of 5000 for all short term long positions as exhaustion signs are still there.
Weakness in Greenback will encourage dollar-carry trades. It means US Investors would buy higher- yielding assets outside America.
This may result in more money flow to Emerging Markets.
Commodity stocks may perform today. Keep on booking some profit as we inch higher.
Sesa Goa has supports at 350-365 and resistance are at 400-430.
One should keep Nifty Index stop of 5000 for all short term long positions as exhaustion signs are still there.
Tuesday, November 24, 2009
Market faces stiff resistance
The momentum seems to be exhausting. Do we see sign of reversal of uptrend for short term - the answer is no.
Most of the stocks on charts seems huffing and puffing.
Though there are some pockets where we see strong momentum.
Dollar may bounce back for short term and this may put pressure on Commodity stocks.
Cement, Tea and Sugar Stocks including Tata Coffee had a field day yesterday. We see the momentum picking up further.
ITC has support at 260 and resistance at 300.
Our New High List is to be watched out carefully as it is the place where strength is.
Most of the stocks on charts seems huffing and puffing.
Though there are some pockets where we see strong momentum.
Dollar may bounce back for short term and this may put pressure on Commodity stocks.
Cement, Tea and Sugar Stocks including Tata Coffee had a field day yesterday. We see the momentum picking up further.
ITC has support at 260 and resistance at 300.
Our New High List is to be watched out carefully as it is the place where strength is.
Monday, November 23, 2009
Momentum Continues
Nifty is on the verge of retesting its recent high of 5181 on the back of strong momentum and positive global cues.
We were the only one who never went short on the market and instead bought every dip. There is no rocket science involved in our analysis. We remained with trend which is up.
Cipla, ITC, Jindal steel n Power, Jindal Saw , GAIL are trading at new highs.
Torrent power has resumed its uptrend after correction, it has broken out of bullish flag formation. It has support at 310 and resistances are at 370-400. GSPL has supports at 90 and resistances are at 113- 125
PSU banks are showing breakout after consolidation.
We were the only one who never went short on the market and instead bought every dip. There is no rocket science involved in our analysis. We remained with trend which is up.
Cipla, ITC, Jindal steel n Power, Jindal Saw , GAIL are trading at new highs.
Torrent power has resumed its uptrend after correction, it has broken out of bullish flag formation. It has support at 310 and resistances are at 370-400. GSPL has supports at 90 and resistances are at 113- 125
PSU banks are showing breakout after consolidation.
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