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Posts Tagged ‘IFCI stock’

NIFTY at 4600 – Bulls take complete charge

Thursday, August 13, 2009 Leave a comment

Today was a super day for the bulls! They took full advanatge of the global cues and forced the bears to liquidate their positions. A normal rally would have been 200-300 points but it got extended to 500 points because of short covering.

The bulls might not going to stop here and might try to win this battle by futher taking the markets up. 4700 is again in sight before profit booking  again starts to set in. On the downside 4550 is now a good levels for bulls to watch for. In the short term this market is very choppy and is playing between the 4400-4700 range now. But today’s move was very convincing as it came without much intraday volatility.

Stock specific, I’d look at moving partially out of sugar as part of risk reduction and move into something  like Reliance Industries /RPL. Metals stocks still look interesting. Sterlite and Hindalco were big winners today and might continue the bullish trend. In short term ITC and Ashok Leyland are two stocks that can pick momentum. Same is true for IFCI and GVK Power. JSW Steel stock from the steel sector looks promising from a short term trade point of view. Auto stocks which were mentioned yesterday made a smart move today.Hero Honda and Maruti were up more than 6% while Tata Motors was up 10%.

This can actually be a good rally as many stocks are ripe to resume their short term uptrend and the bulls can easily do sector rotation. All we need is the non occurance of any nasty surprises and some market euphoria. To deal with nasty surprises, we need to have risk managment in place. Our job is to make money rather than feel excited by this market euphoria. I’d advise everybody to sell their junk stocks (all those unknown midcaps and small caps) into this euphoria because when markets correct these junk stocks will fall more rapidly!

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Trading Strategy -IFCI

Tuesday, July 28, 2009 2 comments

A lot of readers have asked about trading IFCI. This stock remains the favourite of retail investors and traders.

In medium term, the stock looks good and if markets remain in an uptrend, then I won’t be surprised to see 60-65 on the stock.

In the short term, the stock might correct a bit. supports exist at 48-49 and around 45. These might be good areas to pick the stock with tight stop losses for quick 3-5% gains. Below 44-45, the stock can correct sharply to 40 and below.This might even end the current uptrend in the stock.

As always, one should be extremely careful while trading  stocks like IFCI. They give a lot of joy while going up but give an even greater pain while going down. If you are not good in cutting your losses, these stocks can really ruin your portfolio!

Categories: Market View Tags:

Stock Watch- Nagarjuna Fertlizer

Friday, November 16, 2007 8 comments

In one of my earlier posts titled In search of IFCI , I had talked about two stocks- JP Hydro and Nagarjuna Fertilizer. JP was the first to move up but now Nagarjuna Fertilizer is showing strength and moving up to scale new highs. Keep an eye on this beauty in the coming times.This can give major surprises on the upside.

Some big winners -L&T, Divi’s Labs, Adani Enterprises,GE Shipping,RPL,SBI

Sunday, October 28, 2007 6 comments

When the markets are up, it is futile to talk about winners. So lets talk about some big winners today.

L&T-One of our three musketeers is up 10%. The stock has more than doubled since I first talked about it on the blog.

Divi’s Labs- My favourite play in the pharma sector is also up 10% touching lifetime highs.

Adani Enterprises – The stock is one of “really big” winners! The stock has gone from 300 levels to around 850 levels in a quick time. Thats almost 3 times in 3 months! Now I know some of you say that the stock might be rigged but I’d ride till it refuses to come down!

GE Shipping- This was a late entry to the party. The stock is trending up nicely and might be the next multibagger!

Keep also an eye on the SBIs, RPLs and IFCIs of the world.

Those who follow “reasons” are still sticking to the Infosys’ and TCS of the world. They will do anything to “explain” the underperformance and “bright future” of these stocks. I’d jump in these stocks as and when they start to show promise.

Some big winners -L&T, Divi's Labs, Adani Enterprises,GE Shipping,RPL,SBI

Sunday, October 28, 2007 6 comments

When the markets are up, it is futile to talk about winners. So lets talk about some big winners today.

L&T-One of our three musketeers is up 10%. The stock has more than doubled since I first talked about it on the blog.

Divi’s Labs- My favourite play in the pharma sector is also up 10% touching lifetime highs.

Adani Enterprises – The stock is one of “really big” winners! The stock has gone from 300 levels to around 850 levels in a quick time. Thats almost 3 times in 3 months! Now I know some of you say that the stock might be rigged but I’d ride till it refuses to come down!

GE Shipping- This was a late entry to the party. The stock is trending up nicely and might be the next multibagger!

Keep also an eye on the SBIs, RPLs and IFCIs of the world.

Those who follow “reasons” are still sticking to the Infosys’ and TCS of the world. They will do anything to “explain” the underperformance and “bright future” of these stocks. I’d jump in these stocks as and when they start to show promise.

Market Outlook-IFCI

Thursday, June 28, 2007 Leave a comment

Watch IFCI. It has closed above 51.2 levels. Find a sweet spot to enter. And do not forget the stop loss. For investors a SL around 45 levels and for traders who didn’t buy it y’day keep it below 50. The problem with tight stop losses is that the likelihood of their hitting becomes higher in such volatile stocks. “If” this trade works out expect a 10-30% return in next 3-4 weeks. And focus on the “If” not “will”.(The stop loss is to cover that “if”)

Today being the futures expiry day, the market might witness a slightly higher than normal volatility.This is mainly because of arbitrage players who buy and sell in huge quantities in cash and futures segment.

I feel most of the strong players might roll over their positions as longs might feel that NIFTY is till above 4200 and shorts might feel that NIFTY has not crossed 4300. I’d still place my bets on the long side as I feel NIFTY is still in an upward trend.

There are two levels to watch on downside-4215 and 4200. On the upside 4300 remains the resistance.

Categories: NIFTY Strategy Tags: ,