Tuesday, October 9, 2007

Tips for the Novice Traders - NSE

I would be jotting down the Top shocks in Nifty that you can buy.
Also the price range when you can buy and exit.
Please give me some feedback.

1st Lne :Usual Trading Price when Market is stable
2nd Line :Best levels to buy
3rd Line : Levels to exit and book profit.
RCOM
435-500
390-410
550+
REL
1100
1000
1200+
RELIANCE
1800
1600-1700
2000+
ICICIBANK
850-900
800-840
900+
RPL
130-135
110-120
145+
INFOSYSTCH
2000-2100
1700-1900
2300+
BHARTIARTL
700-790
710-735
800+

Sensex smooches 18k !

The markets bombarded and fired on all cylinders to make a historic move today fracturing all the old records and sculptured a new monument that looked worth it. It was truly the biggest day for Indian capital markets. The benchmark indices have outshined the broader markets. After getting up late and trying to catch up some pace this lazy Garfield shocked with the waves knocking the 18,000 doors today. This was a bolt from the blue after the news that UPA, Left to meet again on US Nuke Deal on October 22.

It was absolute heady for the bulls making biggest intra day gains. Despite all the political turbulence which markets seem to be ignoring it and carving new models not just touching sky high but has land marked some shocking gains on with huge turnover.Sensex logged biggest intra day absolute gains ever. Sensex was up nearly 800 points and Nifty surged over 250 points. Sensex saw gains of 1000 points from the day's low with the backdrop of political uncertainty though experiencing uncertainty from the blue chip dudes..

Sensex not only smooched 18,000 mark but was well balanced to make the rally stronger after yesterday's fall. Nifty ended up in Green begging for more FII to flow in to counter the political uncertainty after Sonia's statement in Haryana a day ago..:) Wait, hold, watch, exit and book profit is all I can say.

IT Chips are ever crisp!

Blue chips are either very sweet or salty, but they are tasting bald now, so bald that most of the dalal smarties have gone bald and are driven wild.IT companies make money, a huge corpus of which comes from the lion's den (US) in terms of raw meat (US $).The meat is infected now, its filthy and the India Hay (Rs) is being preferred over the US meat now.Blue chips though are recovering from the lost grounds they are struggling to make a mark in the sensex pull over thats happening oflate in the Dallal bunglow - Thanks to our Ambani - Always Moves Ballistically & Artificially the Nifty & Index.:)

Anil's new ventures are playing a new game of 20-20 involving all the stocks today.A potent optimist like me always predicts positive levels in the market in the upcoming days.

I hold a huge amount of stocks in Wipro - A blue chip major - @535 levels.

My opinion on Wipro :
1)It can defend itself under any pressure so I am bullish about this stock
2)Last time when Wipro declared a bonus was in 2005,so its a gala time for people who have held this piece of script since atleast 4 months !! coz bonus is surely underway to double your corpus !
3)I see Wipro climbing to 550 levels by mid November after this quarter results (October),then would touch 600 levels by December and would give a shocker by going upto 800 levels by march.
4)I currently recommend to buy this stock at current Levels (its 486 now ) and hold it for next 6 months.
5)Imagine a bonus in the month of Nov or Feb with the stocks doubling by this bullish run !would easily give 150% margin ! he he