Market update

BSE
===========
EP Candidates: None
DT Candidates: 507552, 532395, 532845

LSE
================
EP Candidates: AFCR, SOLG, VOG, ROC
DT Candidates: SLV, HGM

Market Update

MM is slowing edging towards green. In past rallies have failed due to very volatile market. It takes a small negative or positive news to turn things around.

BSE
=============
EP: 532799 509709
DT: None with high volume.

LSE
==================
EP:ROC
DT: PDT

Market update

BSE
========
EP Candidates: 512579, 532395, 532648
DT Candidates; 512579, 532395 532548, 532672

LSE
==========
EP Candidates: All penny stocks.
DT candidates: CFM, EPO, HGM

Market update

BSE
================
EP Candidates: 500010 - HDFC Bank - No major catalyst
532215 - Axis - No catalyst.

The above stocks were up due to market conditions. These look good buy thought as the banking stocks have been battered severly in last few days.

DT Candidates:
532106 - couldn't find any major news however graph shows smooth curve.
532793 -


LSE
================
DT Candidates: None

EP Candidates:
RTN - No catalyst
TW -
PFC
TATE

All of the above look good candidates with good volume.

New Leaders

These stocks have been advancing in last few weeks inspite of volatile market conditions.

LSE
===================
ASD (Pharma sector - known to be safe sector during vaolaile market). Trading close to 12 months high.
PTEC (Travel & Leisure sector)

Raj

Market update

MM is in red zone. Market is not holding up the rallies and is breaking down in a day or two.

No candidates for DT or EP for LSE.

BSE closed due to festive period.

Happy Holi!

Raj

Market update

BSE
================
DT Candidates: 531213 - lacks volume, also up more than 25% in last 65 days. So too late to enter
EP Candidates: 500295 - Nothing exciting

LSE
==================
EP Candidates: None
DT: None

Market update

As expected the markets rallied. BSE lost the ground towards end of the day but as LSE and US markets have closed higher today, expect BSE to rally tomorrow. It is too early to enter the market for long position. Day traders make a hay while you can!


BSE
==============
DT Candidates: 502090
EP Candidates: 532902


LSE
==============
DT Candidates: ALD,
EP Candidates: PGD, KBC, TNZ, MSY (Earning Suprise), IAP

Highlighted ones are the one to look for.

Feedback?

I have been blooging for some time now. Some of the shares I have mentioned have done well in the bull market. I would like to get feedback from readers of this blog.

1. Do you find this blog useful?
2. Is there anything else I must add to this blog?
3. If you are a trader, can you share your experience with me/others? Please feel free to contact me on rajeshmulchandani@gmail.com

There is still so much learning to do. All credit goes to Mr Pradeep Bonde for getting me hooked to trading. You can see his work on Stockbee blog and website. See the links in the sidebar.

My goal is simple: To achieve financial independce in next 5 to 10 years time. It may take longer but I think its worth it. Let share our experience and learn from each other. Lets help each other to achieve our goals.

Raj

Market update

There was blood bath on all major market across the world. This was expected due to Bear stern news. However it seems investors may be over reacting as MM show extreme reading. So expect a bounce tomorrow. Day traders can make some killing here. Long term the outlook in bearish. So stay in cash or trade with extreme tight spots. Most of the share are trading at a discount, so a good opportunity to value investors.

BSE scans
================
No candidates.

LSE Scans
===============
EP: NVE, FLO, SSY
DT: None

Michael O'Higgins "Dogs of the dow"

This strategy is for lazy investors who want to put very little effort in making money.

1. Select top 30 stocks
2. Take 10 highest yealing stocks
3. Invest equal amount in 5 shares with lowest share value
4. Leave the money for a year. On first anniversary review your porfolio. Reinvest the capital plus dividend again.
5. On second anniversy repeat the above steps again.
   

Even though the above strategy doesn't work every year but over the period it will be beat the index by atleast 5%.

A variant is select 5 stocks in step 2 and invest in the one with the second lowest share value. O'Higgins called this PPP: Penultimate profit prospect.

Following are the list of stocks for currently year.

ITV

BT

GKN

Logica

Royal Sun & Alliance.

Market update

BSE
=============
EP Candiates: 513010, 526560
DT : None

LSE
================
EP Candidates: GLD
DT Candidates: None

LSE Market update

After a brief period of green, MM is back in red.

No EP or DT candidates

BSE Market update

Market on Wednesday was showing signs of stalling. This usually leads to correction. That is what happened on Thursday. Now the MM is showing extreme readings. Again this leads to short bounce. So don't give into short term rally. It may be good for day trader but long term investors, stay on the sideline. Wait for any confirmation before jumping in. As of now its all doom and gloom.

EP candiates: 526560
DT Candidates: 526560. Underwent more than 50% correction. So not a good buy.

Market update

BSE
==============
DT Candidates: 511706-, 512559, 522163-, 531358, 532766
EP Candidates: 523248, 526550, 530263

LSE
===============
EP candidates: There are about 12 of them but these are worth considering
SL - earnings updates
KAZ - bid news
AGY


DT candidates: None

Market update

Market monitor is still in red. So trade with caution and short stops.Lower profit marging to 7 to 10%

BSE
===================

EP Candidates
==========
509695 - good volume

512531



DT Candidates
============
532672, 532753, 600470


LSE
======================================
DT Candidates: None
EP Candidates:
ORCA: Takeover bid
TMN : Bid approach, 3 digit eps growth in last two year

Market update

MM for LSE is back in red. Expect more trouble on Monday.

No scans results.

MM for BSE

MM for BSE is showing extreme readings. This usually leads to a bounce. So expect some fireworks on Monday.... Not positing any scan results as the market is very volatile. This may be good time to bargain hunters. Some leading stocks are 50% cheaper.

I will update MM for LSE later.

Market update

Market seems to be edging back into green. In recent past market has been unable to hold on its gain for long. A slight negative news seems to shift weights on other side.

EP Candidates
=====================
CLY, MTV, UTN, ERU, ETQ, TNZ, SQS

Focus: TNZ - had EP on 29th Feb, good earnings
ETQ - possibly due to inside buying

DT
===============
EXC, INDY, KTB

Focus: KTB

Market Update

MM for LSE updated. No data avaialble for BSE today. Will try again tomorrow.

Change in BSE, NSE trading timings from today

Trading timings of the Bombay Stock Exchange and the National Stock Exchange will be revised from Tuesday till March 18, as the sun's position may disrupt connectivity, causing difficulties in receiving data via satellites.

The "sun outage" as it is known, will take place from March 4 to 18 between 11.45 am and 12.25 pm, during which traders and investors may face some loss of connectivity.

Accordingly, the two exchanges will stop trading between 11.45 am and 12.25 pm and resume trading from 12.30 pm, a stock exchange circular said.

Trading on the bourses will start at 9.55 am and close at 4.15 pm local time owing to the sun outage, the exchanges said.

India shining part 2

I visited India after a long gap of 4 years. My friends have been telling me that India has changed in a big way and it will be a shock to my system to see the change. To some extent it was but the "awe" factor was missing.

Here are few observations I made during my trip.

1. There are more business channels now which are constantly broadcasting buying or selling recommendations. Average housewife or pensionnaires are watching these channel more than the entertainment channels.
2. People are investing all their lifetime saving in stock markets these days. Some even go to the extent to pick up personal loan to invest in shares.
3. Not many do any kind of research before buying shares. They buy shares because they are going up or it was recommended by a broker. According to them share market heads only in one direction. I hope the bloodbath of 21st Jan 2008 on BSE was an eye opener to many.
4. There are stock brokers with personal portfolio management service almost on every street. Portfolio managers as young as 22 years are managing potfolio woth millions of rupees. They say they get "tips" from big brokers everyday morning and they buy or sell based on that.
5. Banks are getting more demat application forms compared to saving account. People are opening Demat account even in the name of 1 year old babies. Because of the number of applications, it took me 2 months to get a DEMAT account.
6. Reliance is a household name now.
7. House prices have gone through the roof. In Mumbai, apartments are 4 times expenive in last 4 years and are still going up.
8. Even street cleaners carry mobile phone these days. It is cheaper to use mobile compared to land lines. There are more mobile services available in India compared to UK.
9. Supermarkets are a hit among middle and upper middle class. People who bargain for 1 Rupee with the street vendor, pay twice the price in these shop without uttering a single word. These supermarkets have created lots of jobs for youngters but it is killing local business. I believe this is what happened in Western countries in last decade.
10. Gap between rich and poor is getting wider.
11. I have never seen construction of new buildings at such a big scale. Builders are not leaving a single inch of the land. Also they are selling properties in terms of "super built up area". Google this term to understand what it means.

Overall it is good India is growing very fast but at a price which the people of India will realise in due course of time. Still there are many basic problems need to be resolved.

Market update

MM is back in red for LSE and BSE. Market has been unable to hold on to gain. Adventorus traders should with caution. Beginers should sit with cash on the side line. This might be a good time to fish out some value shares.

LSE
===============

EP candidates:

FRM: aquisition
MLR

DT Candidates:
None

India Shining Part 1

Last month I was on holiday in India. As I was looking for EOD data for all scripts trading on BSE, I thought what better to look for than the exchange itself. And guess what day I choose to visit the exchange - 21 Jan 2008, the day stock markets melted across the world. I didn't had a clue about the meltdown till I was outside the exchange. People were gathering outside the exhange to witness the stock market melting in front of their eyes.

This was an experience for me. People were frantically calling their brokers to sell and as always the systems went down under heavy load. Towards the end of the day there were rumors even the mobile network was jammed. I did experience some difficulty calling home from my mobile around that period but I thought this was normal.

I was obseving some people's reaction outside the exchange. There were people from all leading news channel interviewing people.Here are few commenst...
The market was down by some 1500 point on that day yet one passer by said "oh don't worry it will recover 1000 point by close" and we were just 30 mins from close.

1. "Blame it on goverment for not doing enough to protect the market".


2. "Blame it on Reliance IPO". Reliance Power IPO closed on 18th Jan where it was over subscribed by 73 time.


3. "This is good time to buy as stocks are very cheap".
   

The above comments reflects the understanding of an average person about the stock market. Things have changed a lot since I visited India about 4 years back.

I will cover these in my part 2 of this post.