My Investment Picks

Dear sujan, '" MONEY IS KING'"
MONEY's language is universal thats why who know who to manage the ivents, shall win

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goodman did you read my signature ?
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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

The week gone by was full of volatility , events and news. The coming week is also going to be full of events and news.

The inflation numbers and IIP data were enough to sent shivers down the spines of even hard core bulls. If it was not enough the spike in price of crude oil was another below .As we have been repeatedly saying that it was a bear markets rally which terminated very sharply . Even the good results shown by IT bellweather Infosys could not take market further and its hammering down was the last nail on the coffin.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

It was another volatile day. After negative opening Nifty found support at 4000 levels and moved in a narrow range most of the day. Positive opening from European markets saw Nifty going past 4100 but was not able to sustain above it. IT stocks led by Infosys and HCL saw major sell off. Capital goods, Bank, Realty remained under pressure throughout the day. Ranbaxy was hammered down on the news US court taking the company for systematic fraudulent conduct. In all it was a trend less day.

Going forward Nifty may trade in a range before making any directional move. Uptrend will resume only after Nifty is able to move above 4350. Markets are expected to remain volatile on account of quarterly result season

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

On the back of weak cues from US as well as Asian markets, yesterday our markets had a gap down opening and traded further downwards with no sign of any pull back. The weak opening of European market saw breaching of some important technical level and made a 15 months new low. Today bears had a field day and the beaten down sectors like Private Banking, Capital Goods, Metal, Oil and Gas and Power were the worst hit.
IT sector was also butchered down completely. US credit crisis is having its ripple effect globally and its shock waves are being felt in our markets also and as consequences Private Banks were hammered down badly today.

It was a disastrous day for the market. You are advised not to get lured by the lower prices and resist the temptation of buying.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

It was another day of sell off. Market collapsed on the fear of rising inflation and possibility of repo rate hike by RBI. Stocks from interest rate sensitive sector like Auto, Banking, and Realty were again butchered heavily.

Nifty has again made a new low of the yea and closed below the psychological level of 3850.It appears that Nifty has made a short term bottom but in these uncertain times global cues can dent the sentiments.


It was another disastrous day for the market.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

Today was a good day for our markets. Sharp cool off in price of crude oil, sharp recovery in US market and positive opening of Asian markets helped market to start on a very positive note and unlike other days it sustained at the higher levels. Interest rate sensitive stocks surged ahead. Metal sector was the laggard of the day. The upward momentum was due to short covering as well some buying in frontline stocks. Market participants were still skeptical about this rally. Sometimes market turns for short term when people least expect it to do so.

Going forward flow of positive news, inflation, and price of crude oil, global developments and political development at home front will weigh heavily on the market sentiments. We may have formed a short term bottom but we are still not out of woods.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

Friday was a good day to end the week on positive note on account of short covering by the market participants ahead of the big political event. For the past two weeks Nifty was trading in a range of 3800-4200.Now the downward traction seems to be exhausted for the time being. Even the FIIs need some rally to sell again at higher lvls.

We are at cross road now .Global markets are also witnessing a rally.We may also see a sharp rally well up to 4600-4700 before the next bout of selling begins but to trade this rally we need some evidence. It now becomes crucial to see the development at political front - the result of confidence motion and market reaction on the outcome of this event.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

Date 07/22/08 time 7.08 pm

Hi Sujan,
A temporary bottom has formed for sure. What is bad is that these moves will come about by not trading within the day but by higher opening. So what will be required is to have the guts to go into the next day with open positions. Now that is asking a lot of common traders who like to swim with the tide. They at the end of hte day though like to be out of the water, not hang in there. Thats the catch between being successful and just having particiapted.

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sinn fien

Neeraj B


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MY BLOG:
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It was the fifth day of the rally .What a rally it was - market had a gap up opening and surged higher and higher the day after the Government winning the trust vote. It was the biggest single day closing for the market.

The beaten down sectors like banking, Capital goods, Power, Oil and Gas has a sharp rally. Stocks from banking sector surged on the expectation of tabling of banking reform bill in the present monsoon session.

Going forward 4200-4250 is a strong support. The price of crude oil has also come down (126.82 at time of this writing) and global markets are also witnessing a rally. All these developments augurs well for our markets.Nifty may rally up to its 200 day moving average which is at 4780.


We will initiate positions in select stocks once we get a dip around 4200-4250 levels to ride this short term uptrend rally. Do not initiate trade on your own watch this space for our instructions.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.