Hello Traders and Readers,
I would start my blogging journey with my last analysis of market on 11-10-2013. It is also a lucky day for me as all my analysis were 100 percent on the spot today :). It has been a good day for market with Infosys result out. Infosys has revised its guidance to 9-10 percent. With shift in Infosys from Shibu Lal to NRN. It has gone back to its ''underscoring its performance'' days. What that means is Infosys will keep its guidance low and surprise the market by delivering more. On the operational front all is not too well with Infosys. Revenue stream is tight and attrition rate is quite high at 17.3 %.
Coming to market front. Nifty jumped today but all is not too well on this front also. IIP numbers came out and they are looking gloomy. August IIP numbers stand at 0.6% compared to 2.8% in july. Except electricity numbers all other sectors are down. Electricity sector stands at 7.2% compared to 5.2 in july. But growth may still happen and exports are likely to grow because they are cheap now, thanks to Rupee depreciation. Also Repo rate has been decreased by RBI which will help liquidity flow.
Here are some tips and analysis for enthusiastic new and seasoned traders. All these tips showed great promise.
Hindalco:
Short term Shorts were advised with Target : 111.4 and Stop Loss : 120. As we can see from graph important support point of 111 is not breached and stock is not totally oversold so we can expect one more drop. If 111 breached than expect more drop purely on technical basis.
LNT:
I have big hopes from this stock. Their order book is solid and they have good PE ratio which means the stock is cheap. As predicted from graph it showed good result on 11 oct.
For long term target: 950, 1000, SL: 806.
For short term: Target achieved.
Ranbaxy:
Stock showed good response to analysis but it is still not sound for long term. So short term risk can be taken if it crosses 409. Target: 420. SL :392
Unitech:
This one as predicted also performed well enough. But would tread safely as stock is very jumpy. But important resistance of 18.5 is breached so can expect more upmove till 22 because breach happened with good volumes.
Yes Bank:
This stock can can give your short to medium term gains. Target: 350. SL:335
I would start my blogging journey with my last analysis of market on 11-10-2013. It is also a lucky day for me as all my analysis were 100 percent on the spot today :). It has been a good day for market with Infosys result out. Infosys has revised its guidance to 9-10 percent. With shift in Infosys from Shibu Lal to NRN. It has gone back to its ''underscoring its performance'' days. What that means is Infosys will keep its guidance low and surprise the market by delivering more. On the operational front all is not too well with Infosys. Revenue stream is tight and attrition rate is quite high at 17.3 %.
Coming to market front. Nifty jumped today but all is not too well on this front also. IIP numbers came out and they are looking gloomy. August IIP numbers stand at 0.6% compared to 2.8% in july. Except electricity numbers all other sectors are down. Electricity sector stands at 7.2% compared to 5.2 in july. But growth may still happen and exports are likely to grow because they are cheap now, thanks to Rupee depreciation. Also Repo rate has been decreased by RBI which will help liquidity flow.
Here are some tips and analysis for enthusiastic new and seasoned traders. All these tips showed great promise.
Hindalco:
Short term Shorts were advised with Target : 111.4 and Stop Loss : 120. As we can see from graph important support point of 111 is not breached and stock is not totally oversold so we can expect one more drop. If 111 breached than expect more drop purely on technical basis.
LNT:
I have big hopes from this stock. Their order book is solid and they have good PE ratio which means the stock is cheap. As predicted from graph it showed good result on 11 oct.
For long term target: 950, 1000, SL: 806.
For short term: Target achieved.
Ranbaxy:
Stock showed good response to analysis but it is still not sound for long term. So short term risk can be taken if it crosses 409. Target: 420. SL :392
Unitech:
This one as predicted also performed well enough. But would tread safely as stock is very jumpy. But important resistance of 18.5 is breached so can expect more upmove till 22 because breach happened with good volumes.
Yes Bank:
This stock can can give your short to medium term gains. Target: 350. SL:335
Nifty:
Nifty opened higher because of strong performance of heavy weight stocks like Infosys. If resistance of 6093 is breached we can see more upmove.
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