General Trading Chat

yes broken open = low, but with small margin only
Lets see if able to move above 14400.
Unionbank was nearly open=high, would've been a great trade but didn't take it because of BNF open low...

 

amitrandive

Well-Known Member
Study company accounts before investing....
for mismanaged misinformed or coooked account books by company or promoter


http://www.goodreads.com/book/show/432940.Financial_Shenanigans

A review found here,not for basic non commerce background investors.

Pros:
- Demonstrated various ways on how people do their financial gimmicks to look good even at bad times.
- Explanation is easy to grasp.
- Highly creative and mind blowing!
- Various real life examples to help relate to real world situations, even in companies that you thought were clean.

Cons:
- Too judgemental and unforgiving in some cases. Disagree with some "finger pointing" during the case study.
- Too whiny to the point of annoyance. Various "blind man can also see methods" can be done without in my opinion.
- Book is well structured but also messy at the same time. One case study can be repeated several times. Helpful if you actually remember all the case studies mentioned beforehand.

Conclusion:
I would recommend this book, but not for beginners. Some form of financial or accounting knowledge is required. (less)
 

LoneWolf

Well-Known Member
This bounce from 7211 seems like the last push by Bulls, If survive the supply pressure then nifty might see higher levels, else Meter Down..
 

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