good volatility on sensex today, my initial target is 5930 nifty cash, which should be achieved tomorrow or day after.
nifty gave one try below 6000 and was bought into but stock charts are weaker than normal, so my initial thought of base between 5900-5950 still holds.
KRG, I will look at the charts tomorrow and post my view since i have not looked at these charts in any recent time. but just wanted to know why these companies are on your radar?dont look very liquid names.
Vipul: Some of these were recommended by a friend who is strong on valuation. I short listed these based on technical picture (long sideways (B?) after last year's sharp spike (A?). Since I have to hold for relatively long becos of internal code, I look for comfort from valuation ratios. Agree they are not liquid, so somewhat speculative to look at technically
Vipul: As per your reckoning, is the rise from March 09 in Indian equity impulsive or corrective?
ReplyDeleteBTW : I was looking at couple of stocks. Pls let me know if you have any view on these...
Orient Paper, Transformers, Ahmednagar Forging..
Regards
KRG,
ReplyDeleteI will look at the charts tomorrow and post my view since i have not looked at these charts in any recent time.
but just wanted to know why these companies are on your radar?dont look very liquid names.
Vipul: Some of these were recommended by a friend who is strong on valuation. I short listed these based on technical picture (long sideways (B?) after last year's sharp spike (A?). Since I have to hold for relatively long becos of internal code, I look for comfort from valuation ratios. Agree they are not liquid, so somewhat speculative to look at technically
ReplyDeleteCheers