As expected from last one month market has showed huge strength and rallied to touch t he 200 DMA. I was clearly stated that this rally has more strength and more legs when it breaks the 2850. But now the time came to test the journey, this week it will decide its journey! A big week, big events likely to take place like quarterly results, RBI’s monetary police on Tuesday etc.,
Hence, even nifty to take a fresh up move it needs some consolidation in this week. This week likely to be very volatile, if any surprises comes from RBI.
The week I recommend to go short on 3300 call which was closed at 147/- (don’t forget that the medium trend is up till nifty holds the 3310-3055 levels) So, it is very clear that we are catching the down move this week which is against the trend. Book profits when you nifty comes to 3250 / 3100 as per your risk appetite. In this call, profit is limited. A firm dip below 3100 is a trend reversal point and one can go short at that point.
With thanks
Be and make
2 comments:
Hi Kalyan
I am very new to trading and lost good amount in this trading in this week...could you suggest me some mid and small capital stock which can give me good return in long term or 1-2 year with good divident....pls let me know.
Thanks
Subham
Dear
Up to 2010 our Indian economy (including the global economy) can not attain the previous growth. So, we are in the range with positive bias. It can be said as the ‘base formation for the next bull run’ so during this period one should restrict to the large cap stocks instead of the penny stocks.
Despite that you asks some low priced stocks(below 50/-), then I will give the following stocks;
1. Adhunik metalliks (Aggressive bet)
2. MIC electronics (long term bet)
3. MAN industries (defensive stock)
4. Celestial labs (High risk)
5. Alpa labs (High risk)
6. Petronet and Suzlon just crossed the 50/- mark can also be considered.
With thanks
Be and make
(Disclosure: Whenever trading chance comes I will prefer to trade in MIC, Suzlon right now I have no holding in the above said stocks but interested to pick some of them at appropriate time and price.)
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