Dear Readers, Today's day was one awful day, markets continued its bad run in fact its vertical fall. Nifty and Sensex crashed to its new lows in last three months. Nifty never looked like recovering until sudden short covering after 2.30 pm but again it was a short lived. May be some of you might not be in position to even read my mail today due to the losses one must have incurred, but we are happy today and many of my customers calling us to thank us. As I have been writing almost every alternative analysis of mine to get rid of so called "Junk stocks" and avoid huge long positions the day Nifty break 5180. We are not trying to market our calls but trying to make you aware about those who were claiming to give "Sure Shot" calls and predicting Sensex at 21000 and trying to play with the emotions have vanished. Some analyst lure customers with hidden gems for double and triple your money, 100's of multi-bagger calls to multiply your wealth in matter of months. But today all are falling flat on their nose. Readers, it is high time we realize that after all its market and nobody can claim for sure shot and guaranteed profits and invest our hard earned money blindly, it is all marketing gimmick. Technically, Markets today opened with huge gap down in line with global cues, as European markets corrected and so did the US dow jones and Nasdaq, hence followed by Asian majors. SenSex (prov): 15790 down 434 points, Nifty (prov): 4718 down 126 points. Recommendations for today: - Lanco Infra: from 40.5 to 42 made an high of 43
- Torrent pharma: from 465 to 481
We recommended few more stocks but advised to avoid them, and the results were known. As recommended Our Nifty Sell near 4755 which achieved all our targets of 4725 and also made an intraday low of 4687. Stocks to watch on: Hope you remember my message on Thinksoft which collapsed more than 6% during the trade, now Keep an eye on ICSA and Zandu pharma. As the stocks look attractive from its valuations and any stability in markets can be used to buy these stocks for medium long term. Stocks for Monday: I would advice not to get into buying mode till the market stabilizes, but Unitech and Rajesh expo looks good for buying after another round of correction. Nifty for Monday: Nifty Definitely has got into hands of bears and bulls have been squeezed, Nifty looks like heading towards 4580 levels and in the long run 4450 any close below this could mean a night mares of every investors as it would be poised to touch 4100 levels. A ray of hope only if closes above 4880. For Free Stock tips please add indianmoney11@yahoo.com in your yahoo messenger. |
No comments:
Post a Comment