Home > Market View > Markets on a roll- NIFTY at 4900+, IFCI makes a sudden move

Markets on a roll- NIFTY at 4900+, IFCI makes a sudden move

Monday, September 24, 2007 Leave a comment Go to comments

Markets are again on a roll and stocks are moving all over the place. IFCI has made an upmove and a stock is up 14-15%. Now I know any of us can explain the move by saying that so many institutions have bid for the stock! But who knows whether they have bid at 85 or 125 or 150?I remember analysts talking about 52 as fair value for the stock!

Ride the giant moves in the stock.The first time I talked about the stock on the blog(about two months back) it was 50!

We were talking of 4800-4900 on the NIFTY sometime back which has been easily reached. What next? Any guesses?

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Categories: Market View
  1. sagecapital
    Monday, September 24, 2007 at 9:52 pm

    Do I ever suggest shorting a stock which is trending up?
    What makes you think that you can short NIFTY while it is trending up nicely?I shall exit my longs when markets reverse.
    Was Cipla going up at 200 when I gave a short sell call? Did I ever suggest to short RIL or L&T or IFCI while they were hitting lifetime highs?
    Sai- I think you have missed the whole concept of following the trend! Imagine your losses while trying to short RPL or RNRL while they were going up?
    Please put some thought into your trading rather than blindly follow any advice without understanding the underlying principles.This is not about “making easy money”.

  2. Sai Rohit
    Monday, September 24, 2007 at 7:25 pm

    Sir,
    You are long on nifty from 4250.Now your target of 4900 have reached .Can we short now.

    Regards
    Sai rohit

  3. sagecapital
    Monday, September 24, 2007 at 4:41 pm

    Manjeet:
    I am long on the stock since it was 95. I do not know if RPL was more attractive three months back or is it more attractive now.
    Any stock which hits a lifetime high becomes ‘attractive’ for me. You might have to find your own definition of “attractive”.

  4. manjeet
    Monday, September 24, 2007 at 4:25 pm

    sage, wats ur view on reliance petroleum. Is this the right time to invest in it, r shud one wait for it to come down?

    It looks very attractive in the long term!! wats ur view?

  5. sagecapital
    Monday, September 24, 2007 at 2:23 pm

    Do you still think that one can put a target on the scrip? A scrip which is at lifetime high faces NO resistance!
    So just ride the trend till it bends.

  6. Monday, September 24, 2007 at 2:18 pm

    Please input ur comments on Reliance Natural resource,With the license in four cities for gas supply its peeking up agressively.Whats the resistance it would face at what levels.Is it a time to build on this stock

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