1. If you remember I had written for Buying IDFC on 10 Oct 2008 and thereafter Bought IDFC at the level of Rs 48/- on 12 Oct 2008 and again undertook the review of IDFC and same was posted as Hot stock tip on 14 Oct 2008 and once again recommeded IDFC as a Best Stock Investment in Indian stock market for short term gain and same was given on 21 OCT 2008. Now time has come to book the profit in the said stock as stock has reached the level of 67 with in a period of 20 days. One is actually buying this stock near its support and selling near its resistance. One may miss the opportunity of making huge gains as IDFC is presently near its resistance, however one has to keep the greed under control and if the stock breaks out past its resistance than one has to be ready to leave the profit on the table and one should not regret the same as none has gone broke booking profit. If you remember I had written that I have bought substantial chunk of shares of IDFC and now I will be selling the same today and will book profit. Since market is showing a pull back rally and is likely to reverse from the levels of NSE Nifty 3300 value and thus one can just wait like a tiger for correct opportunity to pounce like a tiger on the 'Shikar'and here after booking profit we have to be patient and wait for correct entry price for IDFC to reenter in the stock.
2. I am utilising the principle of booking with 15%-20% gains though in case of IDFC gains will be close to 40% in a short span of 14 days. SO all those who bought on my advice can sell their shares with profit today and go smiling to the bank with profit to deposit or make merry. I hope all would have had made money in this stock as I had publicly announced that I am buying this stock and am now publicaly announcing that am selling the stock in order to book profit. One can reenter this stock with in the range of 45-50 Rupees. One can trade in this stock for a quick gain of Rs 15 as and when it again falls below 50 level. Now do not expect that it will reach its old dizzy heights as the easy finance days are over and infrastructure requires lot of investments. One can say that its chips are presently down due to global tremors in the financial market but definitely stock can be traded for quick gains with in a small trading band. I hope the method of making money from stock market has been amply proved with a live example. Thus one can say that one may not require to undertake numerous trades in stock market and instead can be a tiger and invest at right opportune moment in the right equity and can thus make money which is a rightful money for stock investors as day traders and long term investors needs to be rewarded with profit as no one has gone broke booking profits.
Happy Investing.
How I make Money from stock market?
