Go Back   Team-BHP > Around the Corner > Shifting gears


View Poll Results: Stocks as a percentage of my net assets are -
0 - 25% -- I'm like the most conservative Indians. I love FDs. 219 32.02%
26 - 50% -- I have a few stocks. 302 44.15%
51 - 75% -- I'm an active trader. 113 16.52%
76 - 100% -- Hey, I'm an i-banker!!! 50 7.31%
Voters: 684. You may not vote on this poll

Reply
 
Thread Tools Search this Thread
Old 3rd November 2009, 14:42   #1306
Senior - BHPian
 
DCEite's Avatar
 
Join Date: Sep 2004
Location: NCR
Posts: 3,015
Thanked: 441 Times
Default

Quote:
Originally Posted by BaCkSeAtDrIVeR View Post
15,700. Close to 1K lose in less than 10 trading days.

Where is the sensex going from here?

Hope to get some arrears of pay next week - looking forward to invest (I have a 2 to 3 year time horizon). What do you say? Is there going to be further downturn, or is this an aberration?
No one can really predict where will the sensex go.
But at this level i would say the valuations are just about OK. Go with large cap stocks for 2-3 yrs horizon like SBI/ICICI/Reliance Industries etc. For longer horizon (5-8 yrs) select quality mid caps like Bank of India, NTPC, DishTV etc.
DCEite is offline   Reply With Quote
Old 3rd November 2009, 14:52   #1307
Senior - BHPian
 
karanraheja's Avatar
 
Join Date: Feb 2008
Location: Coimbatore
Posts: 1,915
Thanked: 233 Times
Default

Experts predicted upside for today, but market has crashed, looks like there is scope for some more downside. I was planning to enter the market and invest in few stocks like Suzlon, Aban Offshore etc. most of these stocks going down day by day. So just waiting for the right time to enter.
karanraheja is offline   Reply With Quote
Old 4th November 2009, 16:49   #1308
BHPian
 
sabret00the's Avatar
 
Join Date: Mar 2006
Location: Halifax, Canada
Posts: 686
Thanked: 43 Times
Default

Great recovery. Beautiful closing with Nifty up146.90 and Sensex507.19 up both showing in excess of 3% recovery. I think most stocks are oversold and we are not going to see any more downside. Seems like market has bottomed out this season.
sabret00the is offline   Reply With Quote
Old 21st November 2009, 13:31   #1309
vsh
BHPian
 
vsh's Avatar
 
Join Date: Mar 2009
Location: sirsi
Posts: 102
Thanked: 9 Times
Default

hi guys,
no posts since two weeks. market cut 5000 level and again gained it in style at the weekend. what all you traded these days? any interesting trades/observations?
vsh is offline   Reply With Quote
Old 25th November 2009, 22:34   #1310
BHPian
 
Join Date: Jan 2008
Location: Bangalore
Posts: 197
Thanked: 7 Times
Question

Guys,
Not much activity here, it seems!

Wondering what u guys are thinking about where we go from here? - WE have seemed to come quite far from the March 2009 lows? Pretty fast, too! OTOH, quite a few saying lots of steam left in this bull run.

Anybody seeing a correction ahead? Either a correct-rally a bit-correct deeper or a correct steep - slowly grind further down.
Or are the markets pausing for breath before another push higher?

It would be interesting to know what you guys think?

Cheers
Jagan

Last edited by jagan0677 : 25th November 2009 at 22:36.
jagan0677 is offline   Reply With Quote
Old 26th November 2009, 01:48   #1311
BHPian
 
Ponmayilal's Avatar
 
Join Date: Oct 2009
Location: Bangalore
Posts: 46
Thanked: 5 Times
Default

It is very difficult to predict which way the market will go at any given point, especially under the present conditions. Even the so called experts give wrong predictions or give conditional statements like "If Nifty holds 5040, it may go up to 5200. Otherwise it can drop to 4900". Haha.... what sort of an expert advice is this!

And more often, they ask you to sell when in fact you should have bought (as proved later) and ask you to buy when you should have sold.

Personally I do not believe in predicting stock market trends for short term and go by my gut feeling. I never see any of the business channels, nor do I go by any analysis - candle stick, this pattern, that pattern et al. I just keep buying in small quantities as the market falls and keep selling as the market rises. While I may not make millions in a day or month, my profit graph has always been going up.

No predictions . No second and third party advices. I had even told my broker (at the time of opening my trading account), not to call me at any time and suggest that I buy or sell this or that and he never does.
Ponmayilal is offline   Reply With Quote
Old 26th November 2009, 09:03   #1312
BHPian
 
penpavan's Avatar
 
Join Date: Oct 2007
Location: Blore
Posts: 352
Thanked: 103 Times
Default

A good strategy would be to select decent stocks.
Fix a buy price for those.
Forget market movement.
If a stock hits that price, buy it. It goes further down, buy more.
And sell if you have a sell target and it gets achieved.
Else hold it forever.
penpavan is offline   Reply With Quote
Old 26th November 2009, 09:58   #1313
Senior - BHPian
 
karanraheja's Avatar
 
Join Date: Feb 2008
Location: Coimbatore
Posts: 1,915
Thanked: 233 Times
Default

Market overall looks positive for short term, but i dont think Nifty would breach 4900 levels. Keep covering large caps like RIL, Aban Offshore, L&T, Infosys, SBI. I guess most of you must be following the JSW Steel - super duper stock- has breached 1000 levels from low of 150 in 2009 beginning.
karanraheja is offline   Reply With Quote
Old 26th November 2009, 10:02   #1314
BHPian
 
penpavan's Avatar
 
Join Date: Oct 2007
Location: Blore
Posts: 352
Thanked: 103 Times
Default

Only in the recent fall the JSW went to 680 something...
penpavan is offline   Reply With Quote
Old 26th November 2009, 19:03   #1315
vsh
BHPian
 
vsh's Avatar
 
Join Date: Mar 2009
Location: sirsi
Posts: 102
Thanked: 9 Times
Default

Quote:
Originally Posted by Ponmayilal View Post
It is very difficult to predict which way the market will go at any given point, especially under the present conditions. Even the so called experts give wrong predictions or give conditional statements like "If Nifty holds 5040, it may go up to 5200. Otherwise it can drop to 4900". Haha.... what sort of an expert advice is this!

And more often, they ask you to sell when in fact you should have bought (as proved later) and ask you to buy when you should have sold.

Personally I do not believe in predicting stock market trends for short term and go by my gut feeling. I never see any of the business channels, nor do I go by any analysis - candle stick, this pattern, that pattern et al. I just keep buying in small quantities as the market falls and keep selling as the market rises. While I may not make millions in a day or month, my profit graph has always been going up.

No predictions . No second and third party advices. I had even told my broker (at the time of opening my trading account), not to call me at any time and suggest that I buy or sell this or that and he never does.
man, you are playing it too safe, ie buying in small quantities only. so not a serious matter. when you want to make anything big, you have to have a system to do that. for that matter, a system is needed for any kind of work.
i live on my patterns. but i must say you are right- no predictions.
vsh is offline   Reply With Quote
Old 27th November 2009, 10:34   #1316
Senior - BHPian
 
karanraheja's Avatar
 
Join Date: Feb 2008
Location: Coimbatore
Posts: 1,915
Thanked: 233 Times
Default

Quote:
Originally Posted by karanraheja View Post
but i dont think Nifty would breach 4900 levels.
And i have to take back my words, market down with news of Dubai debt concerns.
karanraheja is offline   Reply With Quote
Old 27th November 2009, 11:21   #1317
BHPian
 
Join Date: Jan 2008
Location: Bangalore
Posts: 197
Thanked: 7 Times
Default

4400 in the next 6-8 weeks??
jagan0677 is offline   Reply With Quote
Old 27th November 2009, 22:33   #1318
BHPian
 
Ponmayilal's Avatar
 
Join Date: Oct 2009
Location: Bangalore
Posts: 46
Thanked: 5 Times
Default

Quote:
Originally Posted by vsh View Post
man, you are playing it too safe.....
With limited moolah in the kitty and also being a newbie, I have to be.

Quote:
Originally Posted by jagan0677 View Post
4400 in the next 6-8 weeks??
Anything is possible in stock markets. You really do not know when and from where the shots will come.

However the panic today was totally unwarranted and I presume it was a strategy by big players to force gullible investors to sell and garner the stocks at low prices. Do not play into their hands. Just keep buying ( to the extent you safely can) and join the strategy.

Today I made hay when the sun did not shine . Bought and sold 1000 Unitech and made a neat profit of 4K. Enough for the day. ( was prepared to keep it, in case it went lower and that is why I limited it to 1000 - moolah limited.) Also bought and kept a few tens of shares of Ultratech cement,Renuka Sugars, Tata Coffee and Exide Industries worth Rs. 50 K. Will fire them all out when my target is reached - whenever. And small drops make an ocean.
Ponmayilal is offline   Reply With Quote
Old 28th November 2009, 13:11   #1319
BHPian
 
sabret00the's Avatar
 
Join Date: Mar 2006
Location: Halifax, Canada
Posts: 686
Thanked: 43 Times
Default

@ Ponmayilal : Great going pal. Anything specific your're looking out for Monday?
sabret00the is offline   Reply With Quote
Old 28th November 2009, 13:34   #1320
BHPian
 
Join Date: Oct 2009
Location: delhi
Posts: 124
Thanked: 13 Times
Default

Quote:
Originally Posted by tsk1979 View Post
If yes, which are the sites you trust the most?
There are host of free sites as myiris.com, moneycontrol.com, ndtvprofit.com etc., and some paid ones like fortuneinstocks.com, midcaps.in, pennyshares.in, 10paisa.in etc., etc.,
I'm a small time investor,My account is with reliance, pretty happy with it. also manages the investment through moneycontrol.
somu_john is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Stock Steering Wheel with Audio Controls Connected to After Market Headunit? Epic In-Car Entertainment 34 24th July 2014 12:36
Stock Market - Technical Analyis Tutorial carboy Shifting gears 5 24th June 2011 23:28
Games you can play at office (Flash / browser based) Spinnerr Shifting gears 24 23rd September 2010 20:37


All times are GMT +5.5. The time now is 21:14.

Copyright 2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks