The current market has been very choppy in cases and very clear in some other.
Quite a lot of stocks tend to drop like a rock in a breakdown whereas some tend to whipsaw sharply.
Some examples below.
This is one stock which got us trapped at 27 odd levels. Had to average at 24-25 to get out at bounce.
A couple of sessions back it gave a clean breakdown below 23 but is now back above 23. Although volumes were supportive.
Couple of reasons for the bounce. The dividend yield becomes really interesting at 23-20 levels.
Bharat Forge --- This was one of the short trades initiated recently. Keeping in mind the current status was booked 4-6% lower and now its possibly staging a whipsaw.
BOI -- A breakdown which did crack pretty quickly
HDFC Bank ---- The stock is one of the main stay in the index not letting the Sensex/Nifty crack. Any breakdown is seen by a faster pullback. Even HDFC Limited sees similar pullbacks.
Just a few quick charts posted.
Aditya Birla Nuvo one of the stocks recommended at 800-820 as entry price has dropped a bit more to 730-750 levels. Still remains a fundamental call with a medium to long term view. Continue to hold and add. Technically 740-700 seems a strong support. Will keep a long term stop on weekly closing below 700.
Some stocks under research --- Repro, Aarti Drugs , Mazda Ltd, Atul Auto , Puneet Resins ---- Just came on my screeners if people tracking please post a comment or mail.
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A nice sms and bbm being forwarded of late.
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Realestate Sector Pkd- DLF, HDIL, Unitech & IBR only Rs 300/-
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Happy Investing and a Happy Christmas ,
December 23, 2011
hello sir silver and gold me kya lagta he pls ans me
December 25, 2011
Dear Nooresh sir
Since the year is gone expectiing the results in january we bet on which bank in these three banks ICICI v/s HDFC BANK V/s Axis bank
Please let me know inlarge caps for potential 8-10% returns in next 10-15 days
December 26, 2011
I would be betting on Axis and Icici on dips if i am forced to else no bets 🙂
On the large caps side right now moves are not big of 10% and that too clean moves, But BHEL and LnT look good.
January 4, 2012
Is piramal healthcare in breakout/trading range now?
January 4, 2012
Yes it is making new highs but no momentum.