Updating the Portfolio

As from the last post, we bought IndiaBulls Housing Finance which was then trading at 1245, has come down to 1195 today. I would recommend, highly recommend to buy it at this price immediately tomorrow when the market opens up. Also, we have a seen spike in Adani Ent today which fell back and I would recommend closing this position at 151 which was today’s close. I already have closed this position in my account at 155 but since I am writing now, I would say, let us close at 151. Also, VEDL is falling sharply, giving us an opportunity to buy again but not just yet. Wait for some more time before we can buy this. The closing happened at 321.90 today and I would buy this for not more than 310/share. But as I said, we will have to wait. I would like to put this one on our waitlist. With

Continue reading »

Quess Corp and Welspun India: Two new recommendations

We saw Nifty reaching above 10050 today and SENSEX closed at 32325.41 which is a good number, at least it all closed in positive. We saw oil companies pulling up today like HPLC and IOC, thankfully, I recommended one of them some time back and it finally shone 🙂 Yes, I am talking about buying IOC on 13th July. The target set was at 420 and this share’s high was 426 today, another target was 440 and I would recommend to wait before selling this share but if you want, you can sell it on Monday or you might have sold it at 420 today either making good 10% profits in this share. So, I will close this share at 421 and will make Rs 40/share or 10.50% on this. I don’t think it was a bad move. We made good 10.50% in 20 days 😉 All other shares are

Continue reading »