Edit this post1. Global stock markets Update: Short selling led to crash and analysts worldwide are suggesting a figure of 7500 for DOW JONES. Even their treasury secretary has issued warning that more banks may go bust.
2. ICICI bank Update: Our bank is safe but its profits will be dented this time though Ms Chanda Kochhar is hopeful of maintaining same deposits mobilisations. RBI has also issued statement that our other banks do not have much exposure in Lehman brothers or its subsidiaries. Thus ICICI bank is not going to bust/collapse/bankrupt and it is a safe bank.
3. Indian stock market tip: The trend of Nifty and Sensex is down but RSI is indicating being oversold both on daily and weekly charts and thus a technical bounce back is not ruled out. Nifty has to move above 3501 level to commence its bullish journey and if it breaks 3000 level than more pain may be in offing. During the coming short term period Power, banking and FMCG sectors are likely to show positive trend.Keep watch on BSE Sensex - NSE Nifty levels as indicated in previous post. Please trade the stocks with trailing stop loss as international market trend can cause upheveal in Indian equity market. If leaving the screen either apply stop loss or close the trade and do not let profit become loss and thus importance of trailing stop loss to ensure that profit in a particular stock is maintained.
4. Profit from Indian stock market tips/ Share tips: Ranbaxy gave profit of RS 1290, NALCO gave a profit of Rs 290 for buy recommendation and sell recommendation of SBI gave a profit of Rs 11600 for every 100 shares traded as per the recommendation for stocks of India. Remaining all shares did not reach the entry price and thus those stocks were not traded.
5. Free Indian share market tips for Strong Future stocks
Ntpc
Ubi
Indian bank
Obc
Maruti
Power Grid
Bpcl
Hero honda
Sterling Biotech
Colgate Palmolive
6. Free Indian Stock market tips for Weak Future stocks
Kpit
Welspun Guj st
Suzlon energy
Ivr prime urban
Bomvay Dyeing
Nagarjuna Constructions
Bajaj hind
Hdil
S Kumar
7. IPO News: Alkali Metals opened on 07 Oct with a high and low price band of Rs 103 and RS 86 respectively and issue closes on 15 Oct. One can avoid investing in new IPOs for the time being as quality stocks are available in Diwali sale to gain.
8. Note: I am aware a lot of you must have had wanted to see my
investment in stock market and were not able to do so due to a technical snag and same can be assessed now through the link specified.
9. Hot market stock tips
Buy Gitanjali gems> 124.1,134,140 sl 119.5
Buy Escorts>44.5,45.5,46,47.25 sl 43
Buy M&M>473.1,480,490,499 sl 467.5
Buy Tata Chem>163.1,172 sl 159.8
Buy Union bank>147.1,149.5,155.9 sl 143.5
Buy Ranbaxy>301.1,310,320 sl 297.8
