IOC Ltd

IOC Ltd
Face value rs 10 Dividend 50%

The stock can test 270 today

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

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.

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 - 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

IOC

IOC Ltd
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.

IOC- Oil marketing companies are hot

IOC: Face Value Rs 10 Dividend 95%

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.