Well just wanted to let you know guys...
booked partial profits in central bank, idfc, ifci, hfcl... had to get some liquidity for buying other shares...
bought the following shares...
1. bharti... as i said earlier.. i am accumulating this one on dips...
2. Microtech ... again good company... accumulate on dips kinda...
3. and my favorite satyam... jun/jul is coming pretty soon guys... so hang on to your seat belt or pant belts or whatever ... :-)
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general time pass post...
lagi lagi lagi.. upper circuit lagi... lagi lagi lagi.. upper circuit lagi.. :D...
go quintegra...
HFCL is showing good resistance... however in this fall, I booked some partial profit in it and moved the proceeds to reliance power, satyam.
Advice those who bought HFCL at 14 when tip was given to book partial profit. 15% profit in couple of week ain't bad... ;-)...
happy trading/investing...
Sorry wanted to post this earlier when the results were announced. Seems the results are below expectation of the street hence he stock went down.
I too am out of Hindalco totally. Made some cool 200+% profit in holding it for 1.5 years.
Next question would be where did I move my money to ???
Well, I have bought the following shares.
1. My current favorite and accumulate on dips - Satyam. Eagerly waiting for July to come...;-)
2. Long term favorite and keep holding for 2 to 3 years one - Reliance Power and NHPC.
Due to some restrictions, was not able to utilise the same money for buying Quintegra. May be tomorrow or Monday's trade day I would be able to do that. Till than wait.
Wow what a crash of the market over couple of days... from 5200+ to 4900+ and back
During these days I booked entire profit in JK Tyres (it has some steam left, as results are good so it can go further up ... may be 200 or 220) and MRF.
The proceed went to the following.
1. Satyam - I am firm believer come July 2010, when results are out, the stock is going to zoom, may be fetching around 100% return, I will book partial profit at that time and keep holding till I get multibagger kind of returns...
2. Fortis - The results are too good to miss this out, yesterday when market fell, it still went up showing the strength in the stock.
3. Microtech - It is kind of hidden from MF. Once it is noticed it will go up, a PE of 3.5 with book value of 243, stock is at a huge discount at 184 now. I am accumulating this too on dips.
Have opened some position on quintegra for short term play, may be max of couple of months.
Here is the list of NSE holidays ...
1. New Year - 1st January 2010 - Friday
2 Republic Day - 26th January 2010 - Tuesday
3 Mahashivratri - 12th February 2010 - Friday
4 Holi (2nd Day) - 1st March 2010 - Monday
5 Ram Navmi - 24th March 2010 - Wednesday
6 Good Friday - 2nd April 2010 - Friday
7 Dr. Babasaheb Ambedkar Jayanti - 14th April 2010 - Wednesday
8 Ramzan Id - 10th September 2010 - Friday
9 Diwali Amavasya (Laxmi Puja) - 5th November 2010 - Friday
10 Bakri-Id - 17th November 2010 - Wednesday
11 Moharum - 17th December 2010 - Friday
Looking at the holiday list it sounds really absurd to me that there are 3 holidays for muslim festivals out of the total 7 holidays which are religious in nature ... I wonder how many muslim traders are there... If I recall or understand, it is against Islam to put money in bank giving interest and stock market is big NO NO... so majority muslims would not be in stock market... so if they are not in stock market then why have holidays on muslim festivals???
I wonder why NSE does not change this holiday list ot be more practical and in line with the broker/trading community without any bias... let it be more democratic... or may be NSE and BSE are following dictact from Govt???
