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.
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.
