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Short only below 4920 for 4840 target
May 31, 2012
May 30, 2012
SAIL
SAIL
Face value Rs 10 Dividend 20%
Very nice set of numbers.. If this one is able to cross and close above 93.5 it is most likely to retest 99-101 levels.
Face value Rs 10 Dividend 20%
Very nice set of numbers.. If this one is able to cross and close above 93.5 it is most likely to retest 99-101 levels.
Educomp - Cover Short
Educomp - please read earlier post here
Earlier days of turn around are visible on above charts. close up and with volume spikes.
People who shorted this are requeted to book the profit in this counter.
Nifty Update - 30th May 2012
Nifty Future Daily timescale chart above
No change in the reading so far! Trade open on positive side for likely target of 5080 - 5120 stop loss 4960
Trade cautiously as expiry for May is tomorrow!!
May 29, 2012
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Nifty update 29th May 2012
Nifty is looking for positive opening and more upside later. One can open a long trader for tgts of 5090-5080 - 5120
with a stop loss 4960
May 28, 2012
Nifty Update - 28th May 2012
Nifty Future - Weekly time scale chart above
We are seeing 2 hammers on weekly basis. Seems like the bottom is in place for timebeing (till it is broken :-) )
Nifty future - daily timescale chart above
Traders can look to long nifty only above 4950 for target of 5040 and 5120
Trade only if market closes above 4950
May 27, 2012
Ranbaxy Ltd
Ranbaxy Ltd
Face value Rs 5 Dividend NIL
Ranbaxy found place in the buy recommendations of all the top technical analyst but I would like to differ from them and want to wait for the stock to cross and close above 534.5 for two or more days.. Hopefully it crosses that and people make lot of money going long on the stock.
Face value Rs 5 Dividend NIL
Ranbaxy found place in the buy recommendations of all the top technical analyst but I would like to differ from them and want to wait for the stock to cross and close above 534.5 for two or more days.. Hopefully it crosses that and people make lot of money going long on the stock.
Yes Bank Ltd
Yes Bank Ltd
Face value: Rs 10 Dividend 30%
If the stock is able to close above 334.5 it will be ripe to retouch its previous high.
Face value: Rs 10 Dividend 30%
If the stock is able to close above 334.5 it will be ripe to retouch its previous high.
May 25, 2012
Berger Paints - Long Positional
Berger Paints (FV - Rs 2 , Dividend - 65%)
Stock is about to breakout and move to new highs. Personally I have seen good stocks doubling in 2/3yrs if they breakout or make new highs.
One can add this stock in portfolio for 2/3yrs if it breaks 139 levels.
Old Calls Update
Educomp - Open with profit of Rs 18
IOC - Booked at 281 with profit of Rs 10
JPA- Booked at 58 with profit of Rs 4
LT - Open with loss of Rs 10
IDFC - Partially booked with profit of Rs 10, holding half for 130 levels
IOC - Booked at 281 with profit of Rs 10
JPA- Booked at 58 with profit of Rs 4
LT - Open with loss of Rs 10
IDFC - Partially booked with profit of Rs 10, holding half for 130 levels
Ranbaxy - Long
Ranbaxy (FV- Rs 10 , Dividend - NIL )
Long only above 530 levels for target of 580-600
Nifty Update - 25th May 2012
Nifty Future charts on daily timescale shown above
We had a good upmove yesterday. Seems like 4785 a good support levels for few days on nifty future
Immediate levels to watch out - 4921 and 4950. Above these levels we can move up for 50-80 points on nifty
Let market decide the trend and top (for shorting --??) before taking a position. Till that point one can look at stock specific movements.
Educomp Short Update
Please read earlier post here
Attached are the monthly charts of Educomp
It seems stock has continued its downward journey. Keep a trailing stop loss of 149
We are looking for 125-128 targets in this one!!
Attached are the monthly charts of Educomp
It seems stock has continued its downward journey. Keep a trailing stop loss of 149
We are looking for 125-128 targets in this one!!
IDFC Update
Please read earlier post here
IDFC earlier targets of 125 are reached.
One can partially book around these levels and rest can wait for 130 levels.
Keep trailing stop loss of 123
IDFC earlier targets of 125 are reached.
One can partially book around these levels and rest can wait for 130 levels.
Keep trailing stop loss of 123
May 24, 2012
Buy Oil Marketing Companies
Today it will be a good day to start buying the oil marketing companies. In last couple of weeks when first oil was rising and rupee was stable the probability of the price rise were strong but it did not happen as the government had to go through the budget session. Since today is the last day of the session, the government increased the oil prices. The government says oil prices are decontrolled and they do not have the control over it. I want to ask in that case why petrol prices were not increased in last few months despite increasing crude and depreciating USD? Simple answer electoral gains. You think BJP is different, mistaken again Karnataka is the surplus budget state government with highest taxes on the petrol. A gradual increase would have helped people to adjust their budget accordingly.
The happy news for me is even the people driving SUV's and Audi's now will be required to shell out more with in a week's time as prices for Diesel, LPG and Kerosene will be increased as well though I am not sure about the quantum. So, hold on to your longs and enjoy making money.
The happy news for me is even the people driving SUV's and Audi's now will be required to shell out more with in a week's time as prices for Diesel, LPG and Kerosene will be increased as well though I am not sure about the quantum. So, hold on to your longs and enjoy making money.
Old Open Calls - 24th May 2012
Educomp - Open with profit of Rs 16
IOC - Open with profit of Rs 2.1
JPA- Open with profit of Rs 1.5
LT - Open with profit of Rs 10
DeltaCorp - stop loss hit
IOC - Open with profit of Rs 2.1
JPA- Open with profit of Rs 1.5
LT - Open with profit of Rs 10
DeltaCorp - stop loss hit
Nifty Update - 24th May 2012
Nifty - Future daily charts are shown above
Yesterday post here. We hit the levels and closed above the target (4785)
We did close above 4785 but trend is still down. One can sell on highs and cover on lower levels.
Positionally, it seems we may be heading to touch Dec'2011 lows slowly and steadily. There is a gap also at 4656 - 4680 which is not filled.
Below 4785, we can look at 4656 and 4540 levels.
May 23, 2012
LT - Short
LT - (FV - Rs 2 , dividend - 725%)
We had a bearish engulfing pattern during the fall, seems like downtrend will continue
Risk loving traders can short this stock for target of 1080 and stop loss 1210
JPA - Short
JPA (FV - Rs 2 , dividend - 20% ) Cash charts on daily timescale
Another one for risk lovers, as this one also have simialr pattern as LT
can be shorted for 59 as immediate level and then 55 with stop loss of 64
Nifty Update - 23rd May 2012
Nifty - future charts on daily timescale above
we had market reversing yesterday again. 4950 acted as a resistance levels now. Long positions can only be initiated if market closes above 4950 levels.
Downside levels remain same - 4840 >> 4785
May 22, 2012
Nifty Update - 22nd May 2012
Nifty - Future daily charts are shown above
no change from yesterday levels. You can read the post here
Yesterday in BSE we had 1629 Advances against 1032 Declines, so trade cautionaly.
May 21, 2012
IOC - Buy - Upward Channel
IOC - daily spot chart is shown above
It is trading in a upward channel and on friday closed above 266-268 levels (supply zone)
One can look to long IOC this week for targets of 280 with stop loss of 266
DeltaCorp - Buy
Delta Corp - Cash / spot chart is shown above with timescale of weekly
It had double bottom and bounced from those levels.
One can look to buy this stock for target of 66 >> 71 >> 74
Stop loss of 60 is a must
Nifty Update - 21st May 2012
Nifty- Future weekly chart shown above
we had a hammer formation on weekly chart after downtrend. (First bullish signal for time being)
Nifty future daily chart is shown above. It touched 4784 on friday and reversed to close at 4903.
Trend is still undecided and towards bullish side.
Traders can look to take long positions above 4925 for target os 4955 >> 4970 >> 5030 with deep stop loss of 4837.
May 18, 2012
Nifty Update - 18th May 2012
Nifty - Above chart is for future and daily timescale
No change in any way. We are sitting idle on shores to see which way market turns to take position.
Yesterday we had a good run up but we have closed flat almost. we had 1322 shares advances against 1360 shres declines. It is hard to decide and take position at this point.
80
Keep watching which way market turns and then take position. Below 4780 close, we may be going towards 4500. Above 4980 we may be heading for 5100 levels.
At present sitting watching market seems to be a good position
May 17, 2012
Nifty Update - 17th May 2012
Nifty - Above chart is of Nifty future basis
touched the slow of 4835 yesterday. Our target was 4850, below that is bonus
Below chart is of nifty spot on daily basis
On spot also we have achieved our targets.
Traders are recommended to book profits around these levels and wait till trend is clearer.
If we go below 4800, we may be looking 4500 levels. It is going to be a long ride and may not happen without a bounce back. So let us wait will market shows us the trend.
Banking & Metal stocks looking very weak - Yes Bank, PNB bank, TISCO, SAIL etc
May 16, 2012
TATA Steel Ltd
TATA Steel Ltd
Face value Rs 10 Dividend 120%
If the markets trade positive the stock can look for 422 and 448
Face value Rs 10 Dividend 120%
If the markets trade positive the stock can look for 422 and 448
NIFTY- 16th May 2012
NIFTY took the support at the trend line and now it is looking stronger for 5013 and 5063 with a stop of 4867
May 15, 2012
Caplin Point
Caplin Point Ltd
(Face value Rs 10 Dividend 15%)
Previous update: Link
Results update:
With a sales growth of 42% and expansion of margin. The company is able to reduce its interest costs. I think with the dividend payment track record of the company the profits seems to be genuine. @ current market price and dividend payment of 15% converts in to the yield of 5.77%. People can look in to this stock before the big up move but don't get carried away and invest only in small quantity as the stock is highly illiquid.
(Face value Rs 10 Dividend 15%)
Previous update: Link
Results update:
| 31/3/2012 | Y-o-Y | Q-o-Q | |
| Sales | 2600.13 | 41.9% | -3.8% |
| Operating income | 304.94 | 141.5% | 27.9% |
| Other income | 57.4 | 41.8% | -21.4% |
| Interest costs | 17.57 | -28.1% | -24.3% |
| Tax expenses | 136.38 | 661.5% | 64.0% |
| Net Profit | 208.13 | 70.6% | 1.9% |
| EPS | 1.38 | 70.4% | 2.2% |
With a sales growth of 42% and expansion of margin. The company is able to reduce its interest costs. I think with the dividend payment track record of the company the profits seems to be genuine. @ current market price and dividend payment of 15% converts in to the yield of 5.77%. People can look in to this stock before the big up move but don't get carried away and invest only in small quantity as the stock is highly illiquid.
Nifty Update - 15th May 2012
Nifty - Today I am sharing nifty spot charts instead of nifty future (didnt had data and also as nifty hit the project target levels)
Current set - Nothing has changed, market will keep sliding downwards. We are not oversold yet on daily levels
Likely target levels 4840 / 4800 with stop loss 5020 levels
May 14, 2012
Vikas WSP (Speculative)
Vikas Wsp Ltd
The stock is likely have first support around 57 and than 51 levels.
The stock is likely have first support around 57 and than 51 levels.
Brescon Advisors & Holdings (Speculative)
Brescon Advisors & Holdings (BSE Code: 511628)
Face value Rs 10 Dividend 25%
If this one is able to close above 104.5 it can look for 119 and 134. This is a high risk trade.
Face value Rs 10 Dividend 25%
If this one is able to close above 104.5 it can look for 119 and 134. This is a high risk trade.
Tata Power - Short
Tatapower (FV - 1/-, Dividend - 125%)
Short tatapower with stop loss of 95 with target of 89 >> 84
Educomp - Short
Educomp (FV- 2/-, Dividend - 30% Incosistent)
Weekly charts shown above.
Below 162, one can look to short this stock for target of 125 levels
Stop loss 174
Nifty Update - 14th May 2012
Nifty Future - weekly charts
Nothing has changed and set up is very weak.
Nifty future daily charts is above. We broke 4945 on daily charts on friday.
Trend seems to be down. First target seems to be 4850 / 4840. It is preferred to book the profit once around those levels.
Stop loss - 5080
May 11, 2012
Nifty Update - 11th May 2012
Nifty - we had a bear engulfing pattern on daily basis.
We did broke 4950 on intraday basis but closed above that.
Levels to watch on nifty future - 4945 >> 4921
posotional traders who shorted can look at 4840 levels to cover with trailing stop loss of 5045
May 10, 2012
IOC
IOC Ltd
Face value Rs 10 Dividend (Inconsistent)
The stock above 268 can touch 272, 278 and 282
Face value Rs 10 Dividend (Inconsistent)
The stock above 268 can touch 272, 278 and 282
All
of the content published on this blog are to be used for informational purposes
only and without warranty of any kind. The materials and information in this
website are not, and should not be construed as an offer to buy or sell any of
the securities named in these materials. Trading of securities may not be
suitable for all users of this information. Both day trading stocks and
investing in the stock market in general have large potential rewards. However,
they both have large potential risks involved in which you can lose all the
money. You, the reader, and not cherrypicks001.blogspot.com or cherrypicks or
any of the contributors are responsible for any losses, financial or otherwise,
as a result of trading stocks.
SAIL
SAIL
Face Value Rs 10 Dividend 22%
Previous update: Link
As per the previous call the stock is getting support @ 90.1-90.2. So, we are closing the sell call in profits.
Face Value Rs 10 Dividend 22%
Previous update: Link
As per the previous call the stock is getting support @ 90.1-90.2. So, we are closing the sell call in profits.
All
of the content published on this blog are to be used for informational purposes
only and without warranty of any kind. The materials and information in this
website are not, and should not be construed as an offer to buy or sell any of
the securities named in these materials. Trading of securities may not be
suitable for all users of this information. Both day trading stocks and
investing in the stock market in general have large potential rewards. However,
they both have large potential risks involved in which you can lose all the
money. You, the reader, and not cherrypicks001.blogspot.com or cherrypicks or
any of the contributors are responsible for any losses, financial or otherwise,
as a result of trading stocks.
HDIL
HDIL
Face value: Rs 10 Dividend Nil
Previous update: Link
As expected the stock hit a low 65.65 thus hitting our tgts of 66.5.. so 79.3-66.5 = 12.8 *2000 = 25000+ profit excluding every thing. We are closing the sell call on the stock for now but currently as well we don't foresee any major upside Happy investing.
Face value: Rs 10 Dividend Nil
Previous update: Link
As expected the stock hit a low 65.65 thus hitting our tgts of 66.5.. so 79.3-66.5 = 12.8 *2000 = 25000+ profit excluding every thing. We are closing the sell call on the stock for now but currently as well we don't foresee any major upside Happy investing.
All
of the content published on this blog are to be used for informational purposes
only and without warranty of any kind. The materials and information in this
website are not, and should not be construed as an offer to buy or sell any of
the securities named in these materials. Trading of securities may not be
suitable for all users of this information. Both day trading stocks and
investing in the stock market in general have large potential rewards. However,
they both have large potential risks involved in which you can lose all the
money. You, the reader, and not cherrypicks001.blogspot.com or cherrypicks or
any of the contributors are responsible for any losses, financial or otherwise,
as a result of trading stocks.
IDFC - Buy
IDFC (FV - 10/-, Dividend - 20% Incosistent)
Bravehearts or risk takers can look at IDFC for short to medium term.
Stocks in very short term looks good for 125 levels.
One can also add this stock in portfolio for long term gains too. Looks good
Nifty - 10th May 2012
Posting nifty future chart today
Nifty future close below the swing low levels of 4980, making 4840 - 4860 a possibility in few weeks.
Keep eye on 5120 levels on upside for any respite from bears. (immediately levels 5040 for any positive movement)
Mahindra & Mahindra - Short Update II
May 09, 2012
Bombay Dyeing - Short Update
We had initiated a short call on bombay dyeing earlier during the week, please read the post here
People holding the short on it, would have covered it yesterday as per levels. If holding one can look to cover it today.
Call closed with profit.
Nifty - 9th May 2012
Nifty - It seems market wants to head down and revisit the support levels.
Please note that market is not able to break 4980, which is acting as support levels currently.
This level has been mentioned by us in earlier posts here and here
Keep eye on these levels. Break of these levels will take us to 4840/4860 levels. Resistance level 5130
Mahindra & Mahindra - Short Update
Mahindra and Mahindra - Earlier Short call initiate post read
Still short call continue for possible target 672 and 652
May 08, 2012
NIIT Technologies Ltd
NIIT Technologies Ltd
Face value Rs 10 Dividend 80%
The stock has all the positives its in IT sector benefiting from the Rupee fall, possible take over candidate, increasing sales and management projected margin expansion. Results for the Q4 were not as bad as they were treated. Must have kind of stock for all the investors looking for a quality company to invest in.
Face value Rs 10 Dividend 80%
The stock has all the positives its in IT sector benefiting from the Rupee fall, possible take over candidate, increasing sales and management projected margin expansion. Results for the Q4 were not as bad as they were treated. Must have kind of stock for all the investors looking for a quality company to invest in.
All
of the content published on this blog are to be used for informational purposes
only and without warranty of any kind. The materials and information in this
website are not, and should not be construed as an offer to buy or sell any of
the securities named in these materials. Trading of securities may not be
suitable for all users of this information. Both day trading stocks and
investing in the stock market in general have large potential rewards. However,
they both have large potential risks involved in which you can lose all the
money. You, the reader, and not cherrypicks001.blogspot.com or cherrypicks or
any of the contributors are responsible for any losses, financial or otherwise,
as a result of trading stocks.
Gitanjali Gems Ltd
Gitanjali Gems Ltd
Face Value Rs 10 Dividend 30%
Above 312.8 the stock can zoom to touch 324.
Face Value Rs 10 Dividend 30%
Above 312.8 the stock can zoom to touch 324.
All
of the content published on this blog are to be used for informational purposes
only and without warranty of any kind. The materials and information in this
website are not, and should not be construed as an offer to buy or sell any of
the securities named in these materials. Trading of securities may not be
suitable for all users of this information. Both day trading stocks and
investing in the stock market in general have large potential rewards. However,
they both have large potential risks involved in which you can lose all the
money. You, the reader, and not cherrypicks001.blogspot.com or cherrypicks or
any of the contributors are responsible for any losses, financial or otherwise,
as a result of trading stocks.
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