Hello Savant Sir,
Would you or any other member will be kind enough to explain me a seemingly simple thing? My question is about the stock picks given by you.
1) like in previous post you have recommended few stocks. For example,
BUY GAIL (CMP 322.35) @ 324.45
Quantity 10 Shares
Here, are you suggesting to buy it only when it is at or above 324.45? Not at CMP?
Secondly, You said 10 shares. 10 as in just 10 or It refers to lot size in Futures? Is there any thing specific about 6 shares of PFC or 43 shares of GSPL? or this number signifies something else that I am not able to comprehend?
Lastly, about the sentence, "Quantity Of Share To BUY Is Position Sized For Rs.20000 Available For Each Scrip". Does this indicate the number of shares have been recommended in accordance with 20,000 at my disposal? Because even if I calculate the total cost price in above recommendation it comes to 10-12k. Or I am just being stupid!
Plz bear with me for my inquisitiveness but little will of explanation will go a long way in relaxing me. Thanks for the patience.
Regards,