Nifty :: Body Gap down bear candle with volume indicate study downward pattern continue.. All intraday and short term daily indicator enter in extreme oversold region.. Be careful in shorting if Nifty open gap down.. Still short term momentum may be continue for more one or two days but now avoid sell at low and short term positional trader who enter in short near 5100 thing for buy in extreme lower level.. Watch extreme lower buying level near 4700.. Before it two strong support at 4768/4763.. Our strategy for 29th Oct. if Nifty open just below 4790 sell at high (S.L 4867) buy in deep (S.L 4670).. If Nifty open gap down and touch 4738 fast then buy in deep (S.L 4670) sell at high (S.L 4868).. Resistance for up move at 4856/4867/4915.. Supports at 4767/4763/ 4738/4700/4670..
Seeing the success of INFOSYS how many INFOSYS has been created….and how many failed??? How many BHARTIARTL emerged there is never a comparison
The stock was Quoting around Rs.20 in May2009 and Saw a high of Rs.257 this month…
Daily this stock was upper freeze didn’t allow anyone to buy and when chance to buy came after which only down freeze no one to buy now and vested interest has shown BYE-BYE
• 29% promoters hold, rest only public why FII and DII didn’t invest
• This is low equity business and entry barrier is not there so if this business is so profitable many would start to do business as low capital is never a constrain
• This company is new born baby so there is no track record of promoters and Company so why such high valuation.
There has been many instance of company eroding investor wealth; can this be one bigger fool theory.
The greater fool theory is the belief held by one who makes a questionable investment, with the assumption that they will be able to sell it later to "a bigger fool"; in other words, buying something not because you believe that it is worth the price, but rather because you believe that you will be able to sell it to someone else for an even higher price.
http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=533055
March 1999 in the DOT.COM boom, Priceline.com Internet Company which books online ticket came out with IPO at $16 many were worried whether they would be alloted share in the IPO, share listed around $85 and closed $68. Priceline.com was valued at almost $10 billion—more than United Airlines, Continental Airlines and Northwest Airlines combined which has good asset. But a company which was making a loss of $3 for each $1 earned was much fancied like bigger fool theory. The company when filing prospectus “We Are not profitable and Expect to Continue to Incur Losses.” No one cared to read the prospectus, latter this company had become a junk paper. Investor world over gets carried by the euphoria and lose money, and they never read the prospectus, do the basic homework how can a company booking ticket online have a market Cap more than 3airline put together and this is just one more company selling ticket. Average Indian Investor looks to double his money in the shortest possible time very hard to do, with world over interest rate at low any returns above 20-25% per year in India would be viewed as superlative gains.
- Tata Coffee finds support from its long-term line of resistance/support @ 291 coming from the peak of February 2008
- A long position can be opened using this line of support @ 291 as stop-loss.
Tata Coffee - 28/10/2009 - Daily Chart
52 Week High: 403.65 marked on September 25, 2009
52 Week Low: 134.20 marked on March 13, 2009
how is fall today upto 400 points completed from 5165 level as told in 18.10.09 post
hope u all enjoyed that fall, for tomorrow click the charts attached here for better understanding
FOR DATE 29-10-2009SCRIP CODE = MCLEODRUSS,
PREVIOUS CLOSE = 216.45,
STOP LOSS = 208,
TARGET = 245.
FOR INTRADAY MOVEMENT OF THE STOCKFILTER PLEASE Click Here!
(OR CLICK THE LINK ABOVE LIVE SENSEX WATCH.)
CHART AS ON 28-10-2009THE MOVING AVERAGE, STOCHASTICS AND RSI SHOW A POSITIVE CROSSOVER.
TECHNICAL ANALYSIS AND PORTFOLIO MANAGEMENT SUGGESTS THIS COUNTER GOOD FOR A SHORT TERM RANGE.
STRICTLY MAINTAIN AND FOLLOW THE STOP LOSS.
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