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I got up late and could not work on my daily at home. But in a show of incredible commitment to the cause, I am writing this note inthe car on my way to work!!!. That surely deserves a few brownie points and if you are really feeling good today then some business to Mape.
Having dispensed with the most important part, let us talk about moremundane things like markets. The US continues to be firmly in an uptrend.Asian indices like HSI, Kospi and the Nikkei are trended up while HSCEI andSHCOMP are trended down. Most commodities are trended up. If you get a senseof deja vu whle reading this note, then you are right because I have saidthe same things yesterday.
In the case of Nifty we will need to wait for either 4750 to be crossed or4470 to be broken to be certain of an extended trend. Until then there is avery good chance that we will continue to languish trendless and sideways.
The two stocks that I mentioned yesterday are still relevant, I had SAIL on a buy with a stop at 158 and a target into the 190s. The other stock was SESA with a trigger to buy if 228.50 was crossed and with a stop at 211.50
Actually this is not a bad way to spend the 45 minute drive to work. I have already reached half way and I have almost finished this note. A time wellspent I must say. Not to mention the brownie points I get at home for not spending the morning working on my note. A win win situation!!!
Key take away from this note: BUY Sail and BUY Sesa.
Having dispensed with the most important part, let us talk about moremundane things like markets. The US continues to be firmly in an uptrend.Asian indices like HSI, Kospi and the Nikkei are trended up while HSCEI andSHCOMP are trended down. Most commodities are trended up. If you get a senseof deja vu whle reading this note, then you are right because I have saidthe same things yesterday.
In the case of Nifty we will need to wait for either 4750 to be crossed or4470 to be broken to be certain of an extended trend. Until then there is avery good chance that we will continue to languish trendless and sideways.
The two stocks that I mentioned yesterday are still relevant, I had SAIL on a buy with a stop at 158 and a target into the 190s. The other stock was SESA with a trigger to buy if 228.50 was crossed and with a stop at 211.50
Actually this is not a bad way to spend the 45 minute drive to work. I have already reached half way and I have almost finished this note. A time wellspent I must say. Not to mention the brownie points I get at home for not spending the morning working on my note. A win win situation!!!
Key take away from this note: BUY Sail and BUY Sesa.
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