Thursday, October 1, 2009
how to trade in oct
market wil enter in a consolidation phase within a range of 4820- 5050. stocks to watch r voltas essaroil niit ltd.
Tuesday, August 4, 2009
how to trade in aug o9
market currently consolidating in between 4520-4680, and from here it can move towards 4800. stocks to watch in this month are indiainfoline with a buy target of 160-165, jsw steel with a buy tgt of 820.
Saturday, January 3, 2009
STRATEGIES FOR TRADING MARKET IN 2009
HOW TO TRADE THE BEAR MARKET DURING 2009:
we have witnessed a relief rally at the end of december end with a gain of almost 200 points on nifty during december series.at the beginning of 2009 i.e., on 1st jan we also seen a positive closing on nifty.now we are trading just at the ressistance level of 3100 on nifty.Results are to be declared in this month which is most important to decide the mkt direction.somehow nifty will be able to cross 3200 level and may trade above this level in this month by getting support from the global indices.if after crossing 3250 level on nifty, it continuosly trades in between 3020 to 3165, then we may probably go above 3300 that may lead to a level of 3600 on nifty til march end.
but if nifty again breaches the level of 2860 during the month of jan, feb and march then nifty will make a new low in this year for sure, that may be 2200-2600.
best strategy is to buy on declines and sell on rallies, if someone has missed the good entry point, then better to wait and watch for next safe entry point.we will witness much more volatility in this year as compared t0 2008.
strong stocks of 2009:
psu bank sector:- bankindia,indianbank,sbi and hdfc bank
technology :educomp and rolta
oil and gas stocks:reliance industries,ongc,hpcl
infra sector will se a significant boost up in this quarter.
other good stocks are apollotyre,bankbaroda, dena bank,riil,rpl,relcapital
buy dena bank around 33-34.60 for tgt of 36-38.
buy elecon engineering for tgt above 48
we have witnessed a relief rally at the end of december end with a gain of almost 200 points on nifty during december series.at the beginning of 2009 i.e., on 1st jan we also seen a positive closing on nifty.now we are trading just at the ressistance level of 3100 on nifty.Results are to be declared in this month which is most important to decide the mkt direction.somehow nifty will be able to cross 3200 level and may trade above this level in this month by getting support from the global indices.if after crossing 3250 level on nifty, it continuosly trades in between 3020 to 3165, then we may probably go above 3300 that may lead to a level of 3600 on nifty til march end.
but if nifty again breaches the level of 2860 during the month of jan, feb and march then nifty will make a new low in this year for sure, that may be 2200-2600.
best strategy is to buy on declines and sell on rallies, if someone has missed the good entry point, then better to wait and watch for next safe entry point.we will witness much more volatility in this year as compared t0 2008.
strong stocks of 2009:
psu bank sector:- bankindia,indianbank,sbi and hdfc bank
technology :educomp and rolta
oil and gas stocks:reliance industries,ongc,hpcl
infra sector will se a significant boost up in this quarter.
other good stocks are apollotyre,bankbaroda, dena bank,riil,rpl,relcapital
buy dena bank around 33-34.60 for tgt of 36-38.
buy elecon engineering for tgt above 48
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