My take home from the stocks below is: Avoid low priced stocks or low volume stocks. Their price can be easily manipulated by Market Makers (code name MM - ever heard of them?).
rank - I have not found anything interesting (vsnl is ok) from the list you have given for immediate trading.
vsnl
- look for pull back and 450 for support. When then happens, enter above the pull back.
orchid
There is resistance at 375 from Sep 05. I would wait for it cross that point.
infosys
- Cannot enter now. Let it take out 3100 resistance like vsnl did. Then wait for pull back (should not go below 3100 technically) to enter.
fed. bank
- Avoid. Going nowhere from last 1 year (between 150 and 200). Before that, it gapped from 400 to 150 on 2004 Nov.
Pidilite and Patni computers (my id is v v o n t e r u.)
Pidilite - Hopefull you didn't buy it before it dropped from 750 to 100. This is cat or dog right now. The reason I say that is, it is a different kind of play when you trade them. Basically, you are picking the bottom of the chart. Risk is high, so as the reward. But, you have to ask yourself the question. Is there momentum with these stocks compared to stocks that are making 52 week high like nifty with no resistence upside. The stock has huge/abundant/other synonyms resistance on the top just 9 months back. Those guys who bought at 750 are waiting for the stock to come up to sell. Any nice rally will see a sell off in this stock. On the positive side, chart is clean for last 6 months
Patni computers - Avoid. Not a momentum stock.
1. skf india - Not a momentum stock. But, 50 EMA support is holding constantly. If you are in it, trail the stop (275 looks a good point).
2. PRISM CEMENTS LTD - Just came out of resistance at 28.60. Avoid low priced stocks in future.
3. w s industry - I could only find data between Jan00 and Feb00. Does this company still exist?
4. moschip - Bad chart. You are wasting my time. On a 1 to 10 scale, these stocks are 0.
5. KANISHK STEEL INDUST - Ditto
6. marksuns pharma - I don't know what to say
7. gujrat industrial ( i have got 25 % loss holidin it from last 7 month) - What are you waiting for? If a bull market cannot lift this stock, are you waiting for selloff?
8. banswara syntax - I have nothing to say
9. ginni filament - Oh God
You observe something from the above. Its not the problem with the stocks. Its a problem with you. Please stop trading. Go back to basis. Read books. Come back later. You can always make money. But, at least do your homework. Know what you are doing. Winning or Losing is not the question. They are part of the risk of trading. But, if you follow certain methodology, mentally prepared, follow specific money management, you have chance of reducing losses versus winnings. Even if you lose, at least you can take home that you gave your best shot. What I mean to say is, You Will Not Feel Like a Loser.
Please refer to this thread earlier for info on books, methodology and money management.
