Updates....

Nifty seems to be moving between 4400 and 4700... I think it will remain in the band of 4200 to 4700 for couple of weeks... if good news like recovery of US comes through then it may go up....

Have been looking at making some small amount of money of the stocks which I hold for long term by using covered call option... more on that later...

also trying to see if it is good time to buy some shares of satyam... nothing decided yet... will do something over the weekend and let you guys know...

meanwhile attached is the performance of the stock tip portfolio so far...

Performance As Of 05-Aug...

Here is the performance update of the stock tip portfolio...

Sorry have been busy so am not able to do research on new shares....


Thanks to one of my friend Rachit, I came to know about Shriram Finance Non Convertible Debentures. They are giving 11.5% rate for 5 year. The NCD are going to be traded on NSE too. So, in case of liquidity crunch you can always exit. The rate is attractive and safe based on the ratings it has received and past history.

Disclaimer: Do your due diligence before buying NCD or shares.

Central Bank ... Results Updates....

Central bank has posted excellent result. It has posted a profit of 359% over the last year same quarter...

More of that here...

It continues to look promising and with majority of the NREGA to be doled out of central bank it is going to perform better and better in coming days...

It is a good long term bet with potential to be a mulitbagger...

Also attached is the portfolio of tips so far... with NRE zooming up it giving a good return over Nifty.

Performance Of Stock Tips...

I started giving tips from 21st May 2009. Nifty was quoting at 4210 (closing price). Now Nifty is quoting at 4568 a gain of 8.5%...

Stock tips portfolio has gone up by 11.38% over the same period. Actually, the performance of the stock tip portfolio should be much better than 11.38% considering that not all the stock were bought on 4210... but I am not averaging...