Review of the Indian markets as on 14th July, 2009.
My advice for the traders would be to stay away from the stock market for some time because it is really not the time to invest or trade in this kind of a volatile market. If we see the values of the SENSEX and the NIFTY for the last three months we see the bull run for the two started from 10965 and 2850 points respectively.
Seeing the BSE and NSE charts we find that the actual value of the NIFTY and SENSEX should be in and around 2800 and 11200 respectively. My advice is keeping your money in your hands, maintaining liquidity and investing only when the market reaches these price points. Also, watch out for the price of crude as it is at a crucial mark of $60 a barrel. If the price at the market reaches to $40- $45 a barrel this would cause an overall decrease in the price levels and would make the SENSEX and the NIFTY come to the levels mentioned earlier. Also the prices of commodities are at a high value due to a weak monsoon If the condition worsens the FMCG stocks may also get affected in a negative way
Some of the good issues which as slated to be out in the near future are:
NHPC OIL, ADANI POWER, JINDAL ENERGY & etc. There is a good probability of them yielding a twofold return on investment
From a risky trading point of view, scripts such as RCOM, ADLABS ARIVA T&D, ABB, CRAIN may give you a 10 to 20 % return in short time but trade in these stocks only if you can hold them
In the present scenario,taking into consideration the stock charts,some of the stocks which you can hold for while and make money for long term are given below:
IDFC, IDBI, NEYVILE LIGNITE, MARICO GMDC,ASSAM COMPANY
Analyzed and Compiled By:
Jaimin Updhdyay
MTM 2008
“ STOCK MARKET IS NOT DRIVEN BY LUCK , IT IS DRIVEN BY CHART SO PLEASE FOLLOW THE CHART NOT TIPS”
7 comments:
Thanks for for kind advice Jaimin, I am very much obliged. Well are you consultant in this field?
Nice work Jaimin... You really hold a strong knot on market condition. Great to have you with us..
I think this is an excellent interpretation of the current market, but its a copied contact, It has a copyright so kindly delete it asap, you should have shown the courtesy to write the name of the real author.
So dont spoil the name of your Applied Management Faculty and correct it asap
It is an original content written and as mentioned "analysed and complied" by jaimin upadhyay of the faculty of applied management.
thank you for share some idea and your recomded stocks are really gave grate return but see i want to under stand STOCK CHART so pls help me
Its really fact that only charts shows the future condition of the stoke.now "Not hope by luck, but make sure by chart reading."thank you.
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