Trading with PT style
- Thread starter praveen taneja
- Start date
- Status
Posting this post which I recd by mail as it can b of some use to someone:thumb:
Stocks to avoid in 2010
Perhaps, this is the only newspaper in India which regularly recommends 'Sell' counters. Hereunder, we are giving a list of several scrips which we feel are worth avoiding. Some scrips belong to very good promoters and have sound business (like Asahi Glass) but, are overpriced due to low profits/high P.E. Ratio. Some scrips have big Equity with low sales, giving tiny EPS and hence overpriced. Many scrips are only operator driven and have hardly any or zero fundamentals. Finally, profits of many companies are too good to be true and same are being inflated through bogus billing and money laundering. Share price of many companies have gone up sharply along with broader market although, profits have not improved. It may be noted that some of these scrips are being strongly recommended to buy by leading brokerage houses. Our sell recommendation does not ensure that, share price of all these companies will go down immediately. Rather, share price of some may even go up due to clout of operators and brokers. Our duty is to warn he investors about weak fundamentals and manipulations.
1. Asahi Glass (Re. 1/- F.V.).
2. Accentia Tech.
3. Aggarwal Industrial Corporation.
4. Anjani Synthetics.
5. Artson Engg.
6. Atco Corp.
7. Axis I.T.
8. Baba Arts.
9. Bartronics.
10. Birla Cotsyn (Re. 1/- F.V.).
11. Birla Power (Re. 1/- F.V.).
12. Birla Shloka.
13. Channel Guide.
14. CNI Research (Re. 1/- F.V.).
15. Compact Disc.
16. Core Projects.
17. Deep Industries.
18. Energy Dev. Corpn.
19. Goa Carbon.
20. Hind Copper.
21. India Bulls Real Estate.
22. JMD Tele.
23. Kiri Dye.
24. Kohinoor Broadcast.
25. Maharashtra Polybutene.
26. Mahalakshmi Rubtech.
27. MVL.
28. Rajesh Exports (Re. 1/- F.V.).
29. Rajoo Engineers (Re. 1/- F.V.).
30. Rama Newsprint.
31. RIIL.
32. Remi Metals (Rs. 6/- F.V.).
33. Rishi Laser.
34. Ruchi Infra (Re. 1/- F.V.).
35. Saint Gobain Sekur.
36. Sejal.
37. Shri Ashtvinayak.
38. Sky Industries.
39. Spectacle Industries.
40. Sterling International (Re. 1/- F.V.).
41. Sunteck Realty (Rs. 2/- F.V.).
42. Geekay Finance (Re. 1/- F.V.).
43. Visagar Poly.
44. Well Pack Papers.
45. Tanla Solutions
46. Glodyne Tech
47. Sujana Tower/Group
48. Prithvi Info
49. Divi Lab
Stocks to avoid in 2010
Perhaps, this is the only newspaper in India which regularly recommends 'Sell' counters. Hereunder, we are giving a list of several scrips which we feel are worth avoiding. Some scrips belong to very good promoters and have sound business (like Asahi Glass) but, are overpriced due to low profits/high P.E. Ratio. Some scrips have big Equity with low sales, giving tiny EPS and hence overpriced. Many scrips are only operator driven and have hardly any or zero fundamentals. Finally, profits of many companies are too good to be true and same are being inflated through bogus billing and money laundering. Share price of many companies have gone up sharply along with broader market although, profits have not improved. It may be noted that some of these scrips are being strongly recommended to buy by leading brokerage houses. Our sell recommendation does not ensure that, share price of all these companies will go down immediately. Rather, share price of some may even go up due to clout of operators and brokers. Our duty is to warn he investors about weak fundamentals and manipulations.
1. Asahi Glass (Re. 1/- F.V.).
2. Accentia Tech.
3. Aggarwal Industrial Corporation.
4. Anjani Synthetics.
5. Artson Engg.
6. Atco Corp.
7. Axis I.T.
8. Baba Arts.
9. Bartronics.
10. Birla Cotsyn (Re. 1/- F.V.).
11. Birla Power (Re. 1/- F.V.).
12. Birla Shloka.
13. Channel Guide.
14. CNI Research (Re. 1/- F.V.).
15. Compact Disc.
16. Core Projects.
17. Deep Industries.
18. Energy Dev. Corpn.
19. Goa Carbon.
20. Hind Copper.
21. India Bulls Real Estate.
22. JMD Tele.
23. Kiri Dye.
24. Kohinoor Broadcast.
25. Maharashtra Polybutene.
26. Mahalakshmi Rubtech.
27. MVL.
28. Rajesh Exports (Re. 1/- F.V.).
29. Rajoo Engineers (Re. 1/- F.V.).
30. Rama Newsprint.
31. RIIL.
32. Remi Metals (Rs. 6/- F.V.).
33. Rishi Laser.
34. Ruchi Infra (Re. 1/- F.V.).
35. Saint Gobain Sekur.
36. Sejal.
37. Shri Ashtvinayak.
38. Sky Industries.
39. Spectacle Industries.
40. Sterling International (Re. 1/- F.V.).
41. Sunteck Realty (Rs. 2/- F.V.).
42. Geekay Finance (Re. 1/- F.V.).
43. Visagar Poly.
44. Well Pack Papers.
45. Tanla Solutions
46. Glodyne Tech
47. Sujana Tower/Group
48. Prithvi Info
49. Divi Lab
Market Commentary
Sensex closes flat, remains choppy
Sensex extends its winning streak for the fourth consecutive session and closes flat on mixed signals from overseas markets.
Global signals
European stocks extended its rally on Tuesday ahead of key US consumer confidence data. At the time of writing this report FTSE 100 was trading 0.48% higher.
Among Asian indices bar Kospi all other indices closes in green. SGX Nifty ended 27 points higher.
US stock futures opens marginally higher on Tuesday ahead of US Consumer Confidence data to be announced today.
Indian indices
Sensex ended the choppy day with marginal gains of 41 points or 0.24% higher. On the back of mixed performance by Asian indices and marginally higher opening in European markets. The Sensex that opened 28 points higher, stayed in green for entire session owing to consistent buying in consumer durable and power stocks that helped the sensex to touch the intra-day high of 17486. The day?s low was 17373. Nifty touched the 5200 levels before ended the session at 5188, up by 10 points.
Sensex sentiment
The number of advancing shares was almost twice that of declining shares. Of the 2,902 stocks traded on the BSE, 1,859 stocks advanced, whereas 964 stocks declined. Seventy nine stocks closed unchanged.
Sectoral & stock screening
Of the 13 sector indices on the BSE, BSE CD leads the char of toppers with gains of 0.99% followed by BSE Metal that surged 0.92%. On the other hand BSE HC fell the most with loss of 1.37% followed by BSE IT that declined 0.65%.
On stocks? front, Apollo Hospitals was the star stock of the day posting gains of 11.86% for the day followed by Ispat Industries that surged by 7.75% and Castrol India that rose by 6.19%. Among losers, Dr Reddy?s Laboratories slid the most by 3.34%, followed by Glaxosmitkline Pharmaceuticals that fell by 3.17% and Cipla that shed 3.04%.
Viewing volumes
Ispat Industries was the most actively traded share with over 1.62 crore shares changing hands on the BSE followed by wind turbine maker Suzlon Energy (1.15 crore shares), realtor company Unitech (0.44 crore shares), industrial finance company IFCI (0.40 crore shares) and ADAG group company Reliance Natural Resources (0.35 crore shares).
Today's major news
•Reliance Power starts production from Rosa plant; the stock jumps 4.94%.
•Patels Airtemp receives a Rs3.2 crore order; the stock shots up 9.27%.
•Gujarat NRE gives Rs4,200 crore investment push; the stock rises 3.33%.
•Goldman Sachs takes 9.4% in Max India; the stock closed the day 1.96% higher.
•Tantia Constructions receives project worth Rs34.62 crore; the stock surged 6.11%.
European Indices at 16:00 IST on 29-12-2009
Index Level Change (pts) Change (%)
FTSE 100 Index 5426.90 24.49 0.45
CAC 40 Index 3958.52 11.37 0.29
DAX INDEX 6007.37 4.45 0.07
Asian Indices at close on 29-12-2009
Index Level Change (pts) Change (%)
Nikkei 225 10638.06 3.83 0.04
Hang Seng Index 21499.44 19.22 0.09
Kospi Index 1672.48 -13.11 -0.78
Straits Times Index 2869.76 14.08 0.49
Jakarta Composite Index 2518.99 9.30 0.37
Shanghai Composite 3211.76 22.98 0.72
Sensex closes flat, remains choppy
Sensex extends its winning streak for the fourth consecutive session and closes flat on mixed signals from overseas markets.
Global signals
European stocks extended its rally on Tuesday ahead of key US consumer confidence data. At the time of writing this report FTSE 100 was trading 0.48% higher.
Among Asian indices bar Kospi all other indices closes in green. SGX Nifty ended 27 points higher.
US stock futures opens marginally higher on Tuesday ahead of US Consumer Confidence data to be announced today.
Indian indices
Sensex ended the choppy day with marginal gains of 41 points or 0.24% higher. On the back of mixed performance by Asian indices and marginally higher opening in European markets. The Sensex that opened 28 points higher, stayed in green for entire session owing to consistent buying in consumer durable and power stocks that helped the sensex to touch the intra-day high of 17486. The day?s low was 17373. Nifty touched the 5200 levels before ended the session at 5188, up by 10 points.
Sensex sentiment
The number of advancing shares was almost twice that of declining shares. Of the 2,902 stocks traded on the BSE, 1,859 stocks advanced, whereas 964 stocks declined. Seventy nine stocks closed unchanged.
Sectoral & stock screening
Of the 13 sector indices on the BSE, BSE CD leads the char of toppers with gains of 0.99% followed by BSE Metal that surged 0.92%. On the other hand BSE HC fell the most with loss of 1.37% followed by BSE IT that declined 0.65%.
On stocks? front, Apollo Hospitals was the star stock of the day posting gains of 11.86% for the day followed by Ispat Industries that surged by 7.75% and Castrol India that rose by 6.19%. Among losers, Dr Reddy?s Laboratories slid the most by 3.34%, followed by Glaxosmitkline Pharmaceuticals that fell by 3.17% and Cipla that shed 3.04%.
Viewing volumes
Ispat Industries was the most actively traded share with over 1.62 crore shares changing hands on the BSE followed by wind turbine maker Suzlon Energy (1.15 crore shares), realtor company Unitech (0.44 crore shares), industrial finance company IFCI (0.40 crore shares) and ADAG group company Reliance Natural Resources (0.35 crore shares).
Today's major news
•Reliance Power starts production from Rosa plant; the stock jumps 4.94%.
•Patels Airtemp receives a Rs3.2 crore order; the stock shots up 9.27%.
•Gujarat NRE gives Rs4,200 crore investment push; the stock rises 3.33%.
•Goldman Sachs takes 9.4% in Max India; the stock closed the day 1.96% higher.
•Tantia Constructions receives project worth Rs34.62 crore; the stock surged 6.11%.
European Indices at 16:00 IST on 29-12-2009
Index Level Change (pts) Change (%)
FTSE 100 Index 5426.90 24.49 0.45
CAC 40 Index 3958.52 11.37 0.29
DAX INDEX 6007.37 4.45 0.07
Asian Indices at close on 29-12-2009
Index Level Change (pts) Change (%)
Nikkei 225 10638.06 3.83 0.04
Hang Seng Index 21499.44 19.22 0.09
Kospi Index 1672.48 -13.11 -0.78
Straits Times Index 2869.76 14.08 0.49
Jakarta Composite Index 2518.99 9.30 0.37
Shanghai Composite 3211.76 22.98 0.72
Equity benchmarks ended in the positive terrain on Tuesday but off day’s highs ahead of December F&O expiry later this week. Metals, Power and banks provided support to the indices while healthcare and IT stocks ended lower.
Indices opened on a positive note and turned range bound with a positive bias. Soon after trade began National Stock Exchange’s Nifty hit 52-week high and crossed psychological resistance level of 5200. However, in the last half hour the indices pared the gains and ended only marginally higher. On the other hand, the broader indices outperformed the benchmarks.
We are in expiry week and participants are expecting Santa Claus rally between Christmas and New Year. We think otherwise. At 5200 in December we are on the higher side of the range. There are lot of writers which are still holding their short 5200 call positions and of late 5200 put has also added significant open interest which is more of buying than writing as IV’s were far too low for sellers to make any meaningful returns in short timeframe. Just like breaching of 5000 support by 50-odd points should not have altered positional traders view significantly, on similar basis, 20-30 points move above 5200 levels should not bring exuberance among participants.
For January, so far the range which has emerged is not very different from December on the lower side i.e. 4900-5000 may act as support zone. On higher side, 5200 still appears to be resistance, even if this resistance is breached we may not see run away rally
National Stock Exchange’s Nifty closed at 5187.85, up 9.45 points or 0.18 per cent. The index hit 52 week high of 5214.60 and touched intraday low of 5175.85.
Bombay Stock Exchange’s Sensex shied away from hitting new 52-week high and ended at 17401.56, up 40.95 points or 0.24 per cent. The 30-share index touched a high 17486.05 and low of 17372.63.
BSE Madcap Index was up 0.50 per cent and BSE Small cap Index moved 1.16 per cent higher.
Amongst the sect oral indices, BSE Metal Index was up 0.92 per cent, BSE Power Index moved 0.66 per cent higher and BSE Bankex moved 0.37 per cent up.
Indices opened on a positive note and turned range bound with a positive bias. Soon after trade began National Stock Exchange’s Nifty hit 52-week high and crossed psychological resistance level of 5200. However, in the last half hour the indices pared the gains and ended only marginally higher. On the other hand, the broader indices outperformed the benchmarks.
We are in expiry week and participants are expecting Santa Claus rally between Christmas and New Year. We think otherwise. At 5200 in December we are on the higher side of the range. There are lot of writers which are still holding their short 5200 call positions and of late 5200 put has also added significant open interest which is more of buying than writing as IV’s were far too low for sellers to make any meaningful returns in short timeframe. Just like breaching of 5000 support by 50-odd points should not have altered positional traders view significantly, on similar basis, 20-30 points move above 5200 levels should not bring exuberance among participants.
For January, so far the range which has emerged is not very different from December on the lower side i.e. 4900-5000 may act as support zone. On higher side, 5200 still appears to be resistance, even if this resistance is breached we may not see run away rally
National Stock Exchange’s Nifty closed at 5187.85, up 9.45 points or 0.18 per cent. The index hit 52 week high of 5214.60 and touched intraday low of 5175.85.
Bombay Stock Exchange’s Sensex shied away from hitting new 52-week high and ended at 17401.56, up 40.95 points or 0.24 per cent. The 30-share index touched a high 17486.05 and low of 17372.63.
BSE Madcap Index was up 0.50 per cent and BSE Small cap Index moved 1.16 per cent higher.
Amongst the sect oral indices, BSE Metal Index was up 0.92 per cent, BSE Power Index moved 0.66 per cent higher and BSE Bankex moved 0.37 per cent up.
FIIs’ buying was visible in the Index futures in
last trading session. Global cues are suggesting a
flattish to negative opening.
• Some unwinding in the 5100 call option and
build up in the 5200 put option was visible in
December contracts, and in January series
highest positions are visible in the 5200 call and
5000 put options.
last trading session. Global cues are suggesting a
flattish to negative opening.
• Some unwinding in the 5100 call option and
build up in the 5200 put option was visible in
December contracts, and in January series
highest positions are visible in the 5200 call and
5000 put options.
- Status
Similar threads
-
How do you develop a trading plan that suits your style?
- Started by ReggieFx
- Replies: 1
-
Me & My Mom ................................... Our Trading-Our Style!!
- Started by msdtime
- Replies: 68
-
-
-
Fudge style trading . My log , My journey . Seniors kind guidance needed
- Started by hedgefudge13
- Replies: 21