Home > Market View > Stock Watch -IFCI,IDFC, Wipro,ICICI bank

Stock Watch -IFCI,IDFC, Wipro,ICICI bank

Tuesday, September 4, 2007 Leave a comment Go to comments

IFCI, again one of our old trading favourites is looking extremely bullish and good for momentum trading. 75-80 looks possible on the stock. 65-67 is a good base for the stock.

Even IDFC which faced stiff resistance around 120-121 levels has been able to cruise nicely. It looks set to make a dash at 135 levels which is again a big hurdle for the stock.

And if you are looking to short, I feel WIPRO might be a good candidate around 490. The stock shall move now in a 440-490 band till it makes a decisive move on any side.

ICICI Bank also looks good till 950 where it faces a major hurdle. Beyond that 1010 looks possible. So keep a watch.

Categories: Market View
  1. Tuesday, October 23, 2007 at 5:18 pm

    target of ifci

  2. sagecapital
    Friday, September 7, 2007 at 8:47 am

    Trading on “news” doesn’t offer any edge to an ordinary investor. If 99% of public has the news, what kind of value does it have?Usually such news is released to the “public” after insiders have accumulated the stock.”Sell on news” is a profitable strategy for many smart traders!
    I do not trade on news, so really can’t comment on IFCI’s rise/fall based on news.

  3. Yuvraj
    Thursday, September 6, 2007 at 11:55 pm

    Hello sagecap !

    can u explain the sudden surge in IFCI on monday, the stock price rose to 72, when i don’t think there was any fresh news story.


  4. sagecapital
    Wednesday, September 5, 2007 at 8:50 am

    I do not have the tools to accurately “predict” price targets. Please check my post:

  5. Wednesday, September 5, 2007 at 12:12 am

    Dear Sage, could you give a longer term target of IFCI , say after 1 or 2 years , probably after its stake sell? Could it be a multibagger from these levels?

  6. sagecapital
    Tuesday, September 4, 2007 at 1:18 pm

    I do not ‘predict’. I ‘react’ to price movements. The difference is same as “what is happenning” Vs “what will happen”.
    You are right that it might just be a coincidence although I had some reliable systems which were indicating a big push upward on RPL.
    In markets one needs to be skillful as well as a little lucky šŸ™‚

  7. Mayank Sinha
    Tuesday, September 4, 2007 at 10:12 am

    Looks like either ur a future predictor or something like that..
    i came across ur site yesterday only.. and looks like all the stock that were recommended by u were floating like anything..

    My RPL was not at all ready to come above 120.. but seems to me be it coincidence or what, but u said and it happened..

    anyways.. i have bough PFC on ur advice..

    Well i have 104 shares of IFB Industries at an avg price of 46/- .. what is ur say for that?

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