Bse Nse Stocks to Buy now from 06.02.2012
Shares to Buy Tips for Short Term or Long Term in February 2012
Strategy for all investments: Follow Bottom Up approach which means buy only on declines. Do not buy on up move. Buy only small lots. For example : If you have money to buy 100 stocks buy only 50. Buy next 50 after a decent fall. Don't be over enthusiastic to buy. Hesitate to buy. Keep strict stop loss which means do not buy at that level if you have not bought already. If you have bought already book loss and get out of the stock.Stocks and Shares to Buy now in India February 2012
Stock Pick 1 : BINANIIND (NSE Code) Signal : Dragon fly. Stop Loss : 110 Target : 132 (Short term)
Stock Pick 2 : BAJAJFINSV (NSE Code) Signal : Bullish engulfing pattern with very high volume. Stop Loss : 435 Target : 520 (Short term)
Stock Pick 3 : THERMAX (NSE Code) Signal : Bullish engulfing pattern near minor top with high volume. Stop Loss : 470 Target : 540 (Short term)
Stock Pick 4 : MOIL (NSE Code) Signal : Multiple tops crossed with high volume. Stop Loss : 250 Target : 295 (Short term)
Stock Pick 5 : COALINDIA (NSE Code) Signal : Minor bottom formation. Stop Loss : 315 Target : 340 (Short term)
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Stock News for the week
• Govt discontinues weekly release of WPI inflation• Funded exposure of Rs 1,100 cr to telecom sector: SBI
• SBI needs Rs 15,000 cr a year to meet loan demand
• Customers won't be affected: TRAI on 2G order
• Govt likely to sell stakes in BHEL via auction route
• Rupee at 3-month high, at 49.15 vs $
• Cairn India CEO sells half his stake for Rs 51 cr
• Coal India doubles FY12 dividend to govt at Rs 5,684 cr
• Coal India lowers prices, FY12 nos to decide revision
• FII inflows cross $5 bn in Jan, at 16-mth high
• Gold rallies strongest in January in 32 yrs; up 11%
• India's per capita income crosses Rs 50,000: CSO
• Euro zone jobless hits 10.4%, highest since birth of Euro
• Don't stop outsourcing: Pranab to U.S.
• Exports to miss $300 bn target this fiscal: FIEO
• Facebook plans IPO filing as early as next week
Stock Pick 6 : RECLTD (NSE Code) Signal : Triple tops crossed. Stop Loss : 190 Target : 215 (Short term)
Stock Pick 7 : DCHL (NSE Code) Signal : Triple tops crossed with heavy volume. Stop Loss : 43 Target : 52 (Short term)
Stock Pick 8 : EROSMEDIA (NSE Code) Signal : Long term moving average curve crossing the short moving average curve. Stop Loss : 198 Target : 223 (Short term)
Stock Pick 9 : ORCHIDCHEM (NSE Code) Signal : Crossing the previous top with heavy volume. Stop Loss : 175 Target : 205 (Short term)
Shares to Sell in January 2012
Stock Sell Pick 1 : TECHM (NSE Code) Signal : RSI curve crossing the overbought zone. Stop loss : 690 Target : 635 (Short term)
Stock Sell Pick 2 : TATASTEEL (NSE Code) Signal : RSI curve crossing overbought zone. DOJI followed by Hanging Man pattern. Stop Loss : 490 Target : 461 (Short term)
• Strictly adhere to Stop loss.
• Before entering in to trade analyse stocks on the basis of Technical indicators - moving average, Oscillator, Trend line, Trend Channel Patterns don't Trade against the trend.
• When people are selling be a buyer. When people are buying be a seller.
• Avoid purchase of stocks when market value of that stock crash.
• Stop loss & Exit to be decided before entering in to the trade.
• Do not have any sentimental attachment with any stock.
• Periodic Profit booking to be done by selling and re-purchase of stocks.
• Do not over trade. Trade only up to 50 % of your Trading capital.
• Do not trade on the basis of rumours.
• It is better to follow Monthly stop loss and stop loss or trade.
• Do not keep all your stock holdings in same sector,distribute your investment to various sectors ie. Diversification of investment to be done.
• Do not invest more than 10% value of your Trading capital in any single stock.
• Buy the stocks whenever there is some bad news and sell the stocks whenever there is good news.