1. BHEL
LTP : 1597.65 (29-05-2008)
2. UNITECH
LTP : 237.75 (29-05-2008)
Buy at : 235 - 242
Target : 265 (short term)
Stop loss : 210
Buy at : 1580 - 1625
Target : 1730 (short term)
Stop loss : 1525
Short term stock tips for 30-May-2008
Short term stock tips for 29-May-2008
1. GAIL INDIA
LTP : 400.85 (28-05-2008)
Buy at : 395 - 406
Target : 442 (short term)
Stop loss : 379
2. Gujarat Sidhee Cement
LTP : 21.80 (28-05-2008)
Buy at : 21 - 22.5
Target : 25.50 (short term)
Stop loss : 19.25
Some famous Quotations by Warren Buffett
A public-opinion poll is no substitute for thought.
Warren Buffett
Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
Warren Buffett
I always knew I was going to be rich. I don't think I ever doubted it for a minute.
Warren Buffett
I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
Warren Buffett
I buy expensive suits. They just look cheap on me.
Warren Buffett
I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Warren Buffett
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
Warren Buffett
If a business does well, the stock eventually follows.
Warren Buffett
If past history was all there was to the game, the richest people would be librarians.
Warren Buffett
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
Warren Buffett
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Warren Buffett
Let blockheads read what blockheads wrote.
Warren Buffett
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
Warren Buffett
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
Warren Buffett
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Warren Buffett
Our favorite holding period is forever.
Warren Buffett
Our favourite holding period is forever.
Warren Buffett
Warren Buffett
Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
Warren Buffett
I always knew I was going to be rich. I don't think I ever doubted it for a minute.
Warren Buffett
I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
Warren Buffett
I buy expensive suits. They just look cheap on me.
Warren Buffett
I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Warren Buffett
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
Warren Buffett
If a business does well, the stock eventually follows.
Warren Buffett
If past history was all there was to the game, the richest people would be librarians.
Warren Buffett
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
Warren Buffett
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Warren Buffett
Let blockheads read what blockheads wrote.
Warren Buffett
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
Warren Buffett
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
Warren Buffett
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Warren Buffett
Our favorite holding period is forever.
Warren Buffett
Our favourite holding period is forever.
Warren Buffett
THE GREAT WARREN BUFFETT
There was a one hour interview on CNBC with Warren Buffet, the second
richest man who has donated $31 billion to charity. Here are some very
interesting aspects of his life:
1.) He bought his first share at age 11 and he now regrets that he
started too late!
2.) He bought a small farm at age 14 with savings from delivering
newspapers.
3.) He still lives in the same small 3 bedroom house in mid-town Omaha,
that he bought after he got married 50 years ago. He says that he has
everything he needs in that house. His house does not have a wall or a
fence.
4.) He drives his own car everywhere and does not have a driver or
security people around him.
5.) He never travels by private jet, although he owns the world's
largest private jet company.
6.) His company, Berkshire Hathaway, owns 63 companies. He writes only
one letter each year to the CEOs of these companies, giving them goals
for the year. He never holds meetings or calls them on a regular basis.
7.) He has given his CEO's only two rules. Rule number 1: do not lose
any of your share holder's money. Rule number 2: Do not forget rule
number 1.
8.) He does not socialize with the high society crowd. His past time
after he gets home is to make himself some pop corn and watch
television.
9.) Bill Gates, the world's richest man met him for the first time only
5 years ago. Bill Gates did not think he had anything in common with
Warren Buffet. So he had scheduled his meeting only for half hour. But
when Gates met him, the meeting lasted for ten hours and Bill Gates
became a devotee of Warren Buffet.
10.) Warren Buffet does not carry a cell phone, nor has a computer on
his desk.
11.) His advice to young people: Stay away from credit cards and invest
in yourself.
richest man who has donated $31 billion to charity. Here are some very
interesting aspects of his life:
1.) He bought his first share at age 11 and he now regrets that he
started too late!
2.) He bought a small farm at age 14 with savings from delivering
newspapers.
3.) He still lives in the same small 3 bedroom house in mid-town Omaha,
that he bought after he got married 50 years ago. He says that he has
everything he needs in that house. His house does not have a wall or a
fence.
4.) He drives his own car everywhere and does not have a driver or
security people around him.
5.) He never travels by private jet, although he owns the world's
largest private jet company.
6.) His company, Berkshire Hathaway, owns 63 companies. He writes only
one letter each year to the CEOs of these companies, giving them goals
for the year. He never holds meetings or calls them on a regular basis.
7.) He has given his CEO's only two rules. Rule number 1: do not lose
any of your share holder's money. Rule number 2: Do not forget rule
number 1.
8.) He does not socialize with the high society crowd. His past time
after he gets home is to make himself some pop corn and watch
television.
9.) Bill Gates, the world's richest man met him for the first time only
5 years ago. Bill Gates did not think he had anything in common with
Warren Buffet. So he had scheduled his meeting only for half hour. But
when Gates met him, the meeting lasted for ten hours and Bill Gates
became a devotee of Warren Buffet.
10.) Warren Buffet does not carry a cell phone, nor has a computer on
his desk.
11.) His advice to young people: Stay away from credit cards and invest
in yourself.
How to know if management of a company is good?
*check out if the CEO of the company is from iit/iim (i am not telling that other companies are bad in management) ceo from iit/iim is a +ve.
*find out who are the auditors..if the company books are audited by the best auditors its a +
*see if the management deliver what they say about future and their guidance.
*try sending e-mail/call them asking about future prospects and such thing,most of the well managed company will have investors relation.(dont ask about what stock price they expect or wat eps they expect in future,asking about business is a good way to start with)
*check if the company is following a single way of auditing (u can find this in auditor's report)
*check if the promotor are rewarding the shareholders or rewarding themself by giving themself rights or warrants at a lower price compared to market.
*see if the company eps is growing at consistant rate yoy.
***these are some of the ways u can find out about the management quality
we need to look closely at the accounting policies see if the company is maintaining the same policies yoy. some companies change the way they account to manupulate the profit/loss. this change in accounting policies will be given in the auditor's report clearly..so we can see wat the company is doing. always see if the auditors are the best in the field..
for example if there is any accounting change by the company the auditor's report will say that the profit will be less if the normal accounting was done and profit is higher due to change in accounting policy
for example if there is any accounting change by the company the auditor's report will say that the profit will be less if the normal accounting was done and profit is higher due to change in accounting policy
Pivot Point Trading - Intraday
You would have often head market analysts talking about an equity price nearing a certain support or resistance level, each of which is important because it represents a point at which a major price movement is expected to occur. But how do these analysts and professional traders come up with these so-called levels?
One of the most common methods is using Pivot Points.
The reason pivot point trading is so popular is that pivot points are predictive as opposed to lagging. We use historical information of the previous day to calculate potential turning points for the day we are about to trade (present day).
Because so many traders follow pivot points you will often find that the market actually reacts at these levels and THIS will give us an opportunity to place our trade.
One of the most common methods is using Pivot Points.
The reason pivot point trading is so popular is that pivot points are predictive as opposed to lagging. We use historical information of the previous day to calculate potential turning points for the day we are about to trade (present day).
Because so many traders follow pivot points you will often find that the market actually reacts at these levels and THIS will give us an opportunity to place our trade.
How to Calculate Pivot Points?
There are several different methods for calculating pivot points, the most common of which is the five-point system.
This system uses the previous day's high, low and close, along with two support levels and two resistance levels (totaling five price points) to derive a Pivot Point.
The equations are as follows:
Resistance 2 = Pivot + (R1 - S1)
Resistance 1 = 2 * Pivot - Low
Pivot Point = ( High + Close + Low )/3
Support 1 = 2 * Pivot - High
Support 2 = Pivot - (R1 - S1)
As you can see from the above formula, just by having the previous days high, low and close you eventually finish up with 5points, 2resistance levels, 2support levels and the actual pivot point. If the market opens above the Pivot Point then the bias for the day is for long trades as long as price remains above the Pivot Point.
The three most important Pivot Points are R1, S1 and the actual pivot point. The general idea behind trading pivot points is to look for a break of R1.
By the time the market reaches R2 the market will already be overbought and these levels should be used for exits rather than entries.
A perfect set up would be for the market to open above the pivot level and then stall slightly at R1 then go on to R2.
You would enter on a break of R1 with a target of R2 and if the market was really strong close half at R2.
This system uses the previous day's high, low and close, along with two support levels and two resistance levels (totaling five price points) to derive a Pivot Point.
The equations are as follows:
Resistance 2 = Pivot + (R1 - S1)
Resistance 1 = 2 * Pivot - Low
Pivot Point = ( High + Close + Low )/3
Support 1 = 2 * Pivot - High
Support 2 = Pivot - (R1 - S1)
As you can see from the above formula, just by having the previous days high, low and close you eventually finish up with 5points, 2resistance levels, 2support levels and the actual pivot point. If the market opens above the Pivot Point then the bias for the day is for long trades as long as price remains above the Pivot Point.
The three most important Pivot Points are R1, S1 and the actual pivot point. The general idea behind trading pivot points is to look for a break of R1.
By the time the market reaches R2 the market will already be overbought and these levels should be used for exits rather than entries.
A perfect set up would be for the market to open above the pivot level and then stall slightly at R1 then go on to R2.
You would enter on a break of R1 with a target of R2 and if the market was really strong close half at R2.
Advanced Method
A more advanced method is to use the cross of two moving averages as a confirmation of a breakout.
You can even use combinations of indicators to help you make a decision.
You can even use combinations of indicators to help you make a decision.
Short term stock tips for 21-May-2008
1. Gujarat State Fertilizer & Chemicals Ltd. (GSFC)
LTP : 176.35 (20-05-2008)
Buy at : 170 - 179
Target : 205 (short term)
Stop loss : 160
2. Fortis Healthcare Ltd. (FORTIS)
LTP : 79.35 (20-05-2008)
Buy at : 77 - 80
Target : 92 (short term)
Stop loss : 73
20 MAY 2008 (Intraday Tips)
ICICI BANK LTD
Current: Rs 941.15, Buy: Rs 942.85, Stop Loss: Rs 933, Target: Rs 960
HOUSING DEVELOPMENT & INFRA
Current: Rs 813.2, Buy: Rs 813.60, Stop Loss: Rs 798, Target: Rs 834
CAIRN INDIA LTD
Current: Rs 299.65, Buy: Rs 301.30, Stop Loss: Rs 297, Target: Rs 307
PUNJAB NATIONAL BANK
Current: Rs 569.75, Buy: Rs 569.75, Stop Loss: Rs 565, Target: Rs 580
SUZLON ENERGY LTD
Current: Rs 307.95, Buy: Rs 307.95, Stop Loss: Rs 305, Target: Rs 314
LANCO INFRATECH LTD
Current: Rs 528.55, Buy: Rs 528.55, Stop Loss: Rs 525, Target: Rs 537
PUNJ LLOYD LTD
Current: Rs 345.55, Stop Loss: Rs 349, Sell: Rs 345.85, Target: Rs 338
BAJAJ HINDUSTHAN LTD
Current: Rs 234.05, Stop Loss: Rs 238, Sell: Rs 234, Target: Rs 225
ADLABS FILMS LTD
Current: Rs 678.55, Stop Loss: Rs 681, Sell: Rs 677, Target: Rs 665
Short term stock tips for 16-may-2008
1. HINDUSTAN CONSTRUCTION COMPANY (HCC)
LTP : 131.75 (15-05-2008)
Buy at : 128 - 134
Target : 146 (short term)
Stop loss : 119
2. SUZLON ENERGY LTD
LTP : 292.55 (15-05-2008)
Buy at : 288 - 294
Target : 312 (short term)
Stop loss : 277
15 MAY 2008 trading calls(continued)
LIC HOUSING FINANCE
Current: Rs 338.85, Buy: Rs 338.85, Stop Loss: Rs 336, Target: Rs 345
DR REDDYS LABORATORIES
Current: Rs 676.45, Buy: Rs 676.45, Stop Loss: Rs 671, Target: Rs 686\
ORCHID CHEMICALS & PHARMA
Current: Rs 276.6, Buy: Rs 274.5, Stop Loss: Rs 270, Target: Rs 287
RELIANCE ENERGY LTD
Current: Rs 1516.95, Buy: Rs 1433, Stop Loss: Rs 1422, Target: Rs 1455
SESA GOA LTD
Current: Rs 4138.35, Buy: Rs 4166, Stop Loss: Rs 4135, Target: Rs 4225
RELIANCE PETROLEUM LTD
Current: Rs 183.85, Buy: Rs 184, Stop Loss: Rs 181, Target: Rs 188
Short term stock tips for 15-may-2008
1. Lanco Infratech Ltd
LTP : 513.75 (14-05-2008)
Buy at : 525 - 550
Target : 605 (short term)
Stop loss : 475
2. GMR Infrastructure
LTP : 145.40 (14-05-2008)
Buy at : 145 - 150
Target : 164 (short term)
Stop loss : 137
Short term stock tips 14-may-2008
1.POWER FINANCE CORPORATION LTD.
LTP : 152.75 (13-05-2008)
Buy at : 150 - 155
Target : 168
Stoploss : 138
2.Gokaldas Exports Ltd.
LTP : 218.90 (13-05-2008)
Buy at : 215 - 222
Target : 235
Stoploss : 205
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