Performance Update & Stock Ideas for 9th April<http://when2buy.blogspot.com/2010/04/performance-update-stock-ideas-for-9th.html> I did not have much to update yesterday. We did see a sell off which was not across the board indicating that market does have some more strength before any significant corrections indicated by a strong upmove today. We still need to take out the previous high of 5400 to move further to 5500.
My post on Wednesday indicated that we could see a retest of 5450 / 5500 within the next 10 days - Possibly by 14th / 15 April? I also see 28th April being an important date to note apart from 5th / 8th May. For now Nifty will continue to move up as long as it holds 5300 or (5280) and there will be only stock specific moves. The recommendations of Balrampur Chini at 91.70 and Dharni Sugar & Chemicals at 49.65 have not paid off in the short term as expected. I did recommend that you buy small quantities at these levels. I also stated that these could be risky buys for the short term but are excellent long term bets. If you are a short term trader you may look at exiting these positions when the Stop Losses get hit, but I would suggest holding these for the long term. My long term targets: Balrampur Chini : 179 / 206 / 236 / 302 / 338 Dharni Sugar : 96 / 117 / 164 / 219 / 250 I will be able to recommend a few short term picks next week, so that we could take advantage of any quck moves in specific stocks. There are currently no buys for Monday! Visit : http://when2buy.blogspot.com -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
