On Friday sensex lost 172 points & nifty 53 points. in my 7th Dec, posting
I have said that Market will be bearish below 3976.
In falling market my tip of Premier Explosives done well.
As per my observation if open & high price of a share is same then most of the time it goes down.
On Friday Index heavyweight Reliance Industries (RIL) lost 2.68% to Rs 1,265.90, on a volume of 11.20 lakh shares. The stock has slipped sharply from an intra-day high of Rs 1,310,
BSE OPEN & HIGH 1310 - NSE OPEN & HIGH 1305.
Taking a break till clear trend emerge is advisable and also accumulating good stocks if market falls further – for example Kilburn Engineering, IL & FS Investsmart, HCC etc.
Upon request from friends / relatives checked graphs of followings scrip’s and I found them weak from short term perspective.
HDFC Bank, Alps Ind., Liberty Shoes, Hanung Toys, Globalvect, Hindmotor,Uttamstl,Nagarjuna Fert, and RPL.
Finally there should not any problem if sensex shed 200/400 points at 14K.
Long term view is intact only day traders and short term players get hit.
I have said that Market will be bearish below 3976.
In falling market my tip of Premier Explosives done well.
As per my observation if open & high price of a share is same then most of the time it goes down.
On Friday Index heavyweight Reliance Industries (RIL) lost 2.68% to Rs 1,265.90, on a volume of 11.20 lakh shares. The stock has slipped sharply from an intra-day high of Rs 1,310,
BSE OPEN & HIGH 1310 - NSE OPEN & HIGH 1305.
Taking a break till clear trend emerge is advisable and also accumulating good stocks if market falls further – for example Kilburn Engineering, IL & FS Investsmart, HCC etc.
Upon request from friends / relatives checked graphs of followings scrip’s and I found them weak from short term perspective.
HDFC Bank, Alps Ind., Liberty Shoes, Hanung Toys, Globalvect, Hindmotor,Uttamstl,Nagarjuna Fert, and RPL.
Finally there should not any problem if sensex shed 200/400 points at 14K.
Long term view is intact only day traders and short term players get hit.
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