This is a blog dedicated to sharing intelligent investment opportunities and methods. The recommendations find their origin in many books on investment and from personal experiences. The blog intends to help novices avoid fatal pitfalls while attempting to enable them make better profits through equities. (The archived posts are always worth exploring)
Thursday, January 21, 2010
Opportunity for range bound trades
The market is now providing a trading range for many scrips.
My pick is IFCI with a buying range of 52-48.5 ; short term target of 57-59.
The stock dropped to a low of 45.6 on 29-01-10 and recovered to close at 51.80 ending the day as one top gainers (up 9.4% from previous close of 47.35) in the F&O segment, emphasizing the strength of the support at the recommended price range.
Though IFCI is a recommendation, it is always safe to buy with adequate diversification. See this link on diversification http://y2-intelligentinvesting.blogspot.com/2010/02/diversification.html
The stock dropped to a low of 45.6 on 29-01-10 and recovered to close at 51.80 ending the day as one top gainers (up 9.4% from previous close of 47.35) in the F&O segment, emphasizing the strength of the support at the recommended price range.
ReplyDeleteThough IFCI is a recommendation, it is always safe to buy with adequate diversification. See this link on diversification
ReplyDeletehttp://y2-intelligentinvesting.blogspot.com/2010/02/diversification.html