/* */ . SureShot Share Tips/Intraday Tips/Intraday Trading Tips/Intraday Trading/stock market tips

Sureshot Intraday Tips (23rd Feb 2012)

Markets have been volatile this month. Falling to its lows and immediately giving ~23% returns in just a month. I was waiting tolerantly that markets will stay at low levels for few months in which I will build positions in the stocks which I thought were attractively valued. But in vain, most of the mid caps and small caps which I mostly invest in have gained a lot. Take some instances - Banking stocks are up, almost by 25-35%. Even famous capital goods stocks like Thermax and Crompton Greaves have risen by ~27%.

So is there any stock which can be bought at these levels? The stock which has not gained that much and is currently underrated.

We can match the quarterly results and % price rise in the last 1 and 6 months to come up with the list of stocks: (Some of the stocks would have appeared in my writings earlier, and may be biased :P. Hence please do your own enquiry before buying any of these)

The Nifty opened & traded lower taking support at 5568 levels during the day, it however towards the last hour of trading broke that level followed by a crucial break of 5535 signalling the first sign of weakness and a conceivable reaction to this major up move.

BSE index:

(18156) It'll fall down advance to 18013 initially, which is a crucial support. Break below 18007 further panic will drag it down to 17915-17895 which is a most crucial support to watch out for. In worst scenario break below 17888 it'll crash down to 17759 & 17460.

Upward side 18232-18295 nearest & 18385 a solid resistance up to which selling on higher levels will be seen, keep stop loss of 18527 to your shorts on higher levels.

Leave a Reply