[GSIFS] Short Term Views & Review
GSIFS
Market view:- Broader markets are not performing. Nifty is rigged. If you have a look at nifty junior and other such index you will find that broader markets are not participating in this market upmove.
Right now i see people buying calls of around Nifty 5900 calls, therefore everyone is bullish now.
The outcome of the board meeting called by SEBI chief S Damodaran today at 5pm to explain the fine print on the P-note issue among other concerns may affect market sentiments. But the SEBI move is being seen as an attempt to regularize capital inflows into the Indian market and not discourage funds.
Volatility in the market is not good for traders whose sentiments may get broken.
Despite that many of our calls are performing well
1)Maruti Infra with another spectacular 20% upmove.
Yesterday it was up 20%
2) Hercules hoists Ltd up another 10%
Yesterday it was up 20%
3) Astra micro wave is up 3.56% today
Yesterday it was up 7.51%
4) Richa Knits Ltd is up 1.08%
Yesterday it was up 3.79%
5) Canara bank up 3.07%
Yesterday it was up 3.49%
6) Revathi equipments which was down 2.84% yesterday is up 8.13% today.
7) ECE industries is another 8% up
It was up 8% yesterday
8) Genesys International corporation up 5%
It was up 10% yesterday
9) Jayshree chemicals has started moving. Till yesterday it was 5% down and today it is up a good 6.82%.
10) KSL and Industries has finally started moving as i said it will. It is 3.69% up today.
11) Jagran prakashan has also started moving as i said. It is 7.63% up today!
12) Ahmednagar forgings is up another 3.32% up
Yesterday too was 4.11% up
I have mentioned the reasons for KSL and industries and Jagran Prakashan Stock split news. So both of them are good buy and hold.
SOme of the losers today are:
1) Surya Pharma down 4.65% though it was up 11 % yesterday
2) Nectar lifesciences Just 0.29% down on closing basis. It was up 1.76% yesterday
3) Tulip star hotels ltd must have triggered stop loss
4) Shreyas intermediaries would have triggered stop loss yesterday itself
5) Veejay lakshmi Engineering works is down 1.65% and it was down 1.16% yesterday
6) Aeonian pub must have triggered stop loss
7) LIC housing finance is consolidating with no significant move either side.
8) BoI would have triggered stop loss yesterday itself.
9) Micro Inks is consolidating.
10) Megasoft and kosian investments are down today on some profit booking although they were up 30% and 5% respectively yesterday.
I understand that most of you are more comfortable with a month horizon calls. I shall be sharing them shortly with you.
About very short term calls and queries related to entry and exit points, the advice shall need to be sent in real time.
Aniket Waghmare
Technical Research Analyst
www.GSIFS.com
To read discussions and updates related to this post and more click here.
--
Posted By GSIFS to GSIFS at 10/25/2007 10:19:00 PM