Whose turn now: So much of trading is psychological, making patience a great virtue for investors. Exhibiting patience when entering a trade and having patience while a trade develops are integral parts to successful trading and investing. Enjoyed the blast in Ashapura, Ador Welding, Tata Elxsi, Rain Commodities, Sasken, KPIT Info?? Ready for another dark horse?? Rules: Buy now slowly, add in dips, wait patiently and exit when all the TV channel heroes talk about them.
Mahindra Finance (CMP 311): My yahoo messenger friends know once upon a time in end October / early November I recommended this stock at 265 level. All enjoyed the blast after that.
A subsidiary of Mahindra & Mahindra Limited, it is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, they provide finance for utility vehicles, tractors and cars and have the largest network of branches covering these areas. Q2- FY2010 Result highlights: Total Income up by 10% at Rs. 363 crores, PAT up by 96% at Rs. 69 crores.Some free stock ideas are updated in market hours. If you are still not in my messenger list, add my yahoo id stock_maniacs for such free yet powerful inputs.
Index Recap: Yesterday in Nifty future forcasted a bounce at least till 5050. It did. Forcasted Bank NF can touch near 8610, see it crashed to 8641 from 8762 in intraday panic. Could you catch the trend or just watched the move. Subscribers booked 400+ points in last 3 days in Bank Nifty.
Now, what to expect tomorrow? Nifty future is safe above 5052. Will touch 5082/5091. Only it need to cross 5091 to prove further bullishness till 5111 or more. Till then it will face selling pressure in every rise. Break below 5018 with volume can show unexpected selling pressure. But if breaks 5000 level too and sustains below it for some time??
Bank Nifty future above 8762 will touch 8878. But if can not cross 8762, more panic left. Will crash till 8550. Major support exists at 8550, where for the time being I expect a bounce. More live levels available to only Nifty pack subscribers. In month of November alone, subscribers have enjoyed 1185 points in Bank Nifty future trading.
Bank Nifty future above 8762 will touch 8878. But if can not cross 8762, more panic left. Will crash till 8550. Major support exists at 8550, where for the time being I expect a bounce. More live levels available to only Nifty pack subscribers. In month of November alone, subscribers have enjoyed 1185 points in Bank Nifty future trading.
To trade like true professionals, to get all updates in market hours, join me live in Nifty/Bank Nifty Future trading in my live trading room. See the Premium Services page for more details.
R3 5152 R2 5111 R1 5085 PP 5044 S1 5018 S2 4977 S3 4950.
Bank Nifty future important levels for Thursday, 17th December:
Bank Nifty future important levels for Thursday, 17th December:
R3 8872 R2 8817 R1 8751 PP 8696 S1 8630 S2 8575 S3 8509.
Cheers, its celebration times: StockManiacs is completing 1st year of operation on 18th of December. Its a journey from a blog to a full fledged site. Nifty page getting 50,000 page views per day. On the occassion of the 1st birthday we are giving something more to you. Get a 25% flat discount on the Nifty Trading System on all purchases between this Saturday, 19th December. Nifty trading system will cost Rs. 12000 instead of Rs. 16000 and Traders Pack will cost Rs. 25925 instead of Rs. 29925 till 19th. For more details contact @ 9432883838 / 9674321856 or mail to stockmaniacs@ymail.com or see the Premium Services page.







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