Do you play the stock market

DCEite · 3rd November 2009, 14:42

Quote:

Originally Posted by BaCkSeAtDrIVeR

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.

karanraheja · 3rd November 2009, 14:52

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.

sabret00the · 4th November 2009, 16:49

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.

vsh · 21st November 2009, 13:31

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?

jagan0677 · 25th November 2009, 22:34

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

Ponmayilal · 26th November 2009, 01:48

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

.

penpavan · 26th November 2009, 09:03

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.

karanraheja · 26th November 2009, 09:58

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.

penpavan · 26th November 2009, 10:02

Only in the recent fall the JSW went to 680 something...

vsh · 26th November 2009, 19:03

Quote:

Originally Posted by Ponmayilal

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.

karanraheja · 27th November 2009, 10:34

Quote:

Originally Posted by karanraheja

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.

jagan0677 · 27th November 2009, 11:21

4400 in the next 6-8 weeks??

Ponmayilal · 27th November 2009, 22:33

Quote:

Originally Posted by vsh

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

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.

sabret00the · 28th November 2009, 13:11

@ Ponmayilal : Great going pal. Anything specific your're looking out for Monday?

somu_john · 28th November 2009, 13:34

Quote:

Originally Posted by tsk1979

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.

View Poll Results: Stocks as a percentage of my net assets are -
0 - 25% -- I'm like the most conservative Indians. I love FDs.	419	31.62%
26 - 50% -- I have a few stocks.	591	44.60%
51 - 75% -- I'm an active trader.	217	16.38%
76 - 100% -- Hey, I'm an i-banker!!!	98	7.40%
Voters: 1325. You may not vote on this poll

3rd November 2009, 14:52	#1307
karanraheja Senior - BHPian Join Date: Feb 2008 Location: Coimbatore Posts: 1,961 Thanked: 436 Times	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.
	() Thanks

4th November 2009, 16:49	#1308
sabret00the BHPian Join Date: Mar 2006 Location: YYC \| BLR \| CCU Posts: 691 Thanked: 55 Times View My Garage	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.
	() Thanks

21st November 2009, 13:31	#1309
vsh BHPian Join Date: Mar 2009 Location: sirsi Posts: 102 Thanked: 9 Times	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?
	() Thanks

25th November 2009, 22:34	#1310
jagan0677 BHPian Join Date: Jan 2008 Location: Bangalore Posts: 197 Thanked: 7 Times View My Garage	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.
	() Thanks

26th November 2009, 01:48	#1311
Ponmayilal BHPian Join Date: Oct 2009 Location: Bangalore Posts: 46 Thanked: 5 Times	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.
	() Thanks

26th November 2009, 09:03	#1312
penpavan BHPian Join Date: Oct 2007 Location: Blore Posts: 452 Thanked: 234 Times	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.
	() Thanks

26th November 2009, 09:58	#1313
karanraheja Senior - BHPian Join Date: Feb 2008 Location: Coimbatore Posts: 1,961 Thanked: 436 Times	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.
	() Thanks

26th November 2009, 10:02	#1314
penpavan BHPian Join Date: Oct 2007 Location: Blore Posts: 452 Thanked: 234 Times	Only in the recent fall the JSW went to 680 something...
	() Thanks

27th November 2009, 11:21	#1317
jagan0677 BHPian Join Date: Jan 2008 Location: Bangalore Posts: 197 Thanked: 7 Times View My Garage	4400 in the next 6-8 weeks??
	() Thanks

28th November 2009, 13:11	#1319
sabret00the BHPian Join Date: Mar 2006 Location: YYC \| BLR \| CCU Posts: 691 Thanked: 55 Times View My Garage	@ Ponmayilal : Great going pal. Anything specific your're looking out for Monday?
	() Thanks