Weekly sell recommendation for this week did not hold as the rebound from low was strong which matches my November rebound for the first half of month.
November from existing trend is a Sell for the month but we are seeing a rebound from October collapse. It will be interesting if we can see the rebound is strong to break that trend of Sell. We also have a large Sell for 3 months from October. So I think it is unlikely the rebound will exceed 10930 for nifty which is Sept 30th nifty.
So in short, November is an initial rebound and weakness in second half.
Today Nov 2nd shows move higher which is happening as I write this.
1. TCS still shows a monthly sell for November but the quarterly sell was very well done as a deep low. So far I don't see any major collapse and might consolidate and we will see some buy at this stage going forward. I bought some TCS at the low in october and that is holding well.
2. Starpaper buy for October went exceedingly well. With a buy from Sep30 at 159, its above 180 now and survived October collapse very well. I bought some that is 13% up and it is not time to sell yet.
3. CoalIndia had a reaction high at the begin of week which I didn't notice. So no wonder that it fell from 281 to 261. Its interesting how that coinciding with Govt. plan to sell stake at base price of 266. Don't see any major fall here. Monthly level is a buy.
4. Hindustan Unilever shows a quarterly sell which hasn't happened yet. And a monthly November sell too. Lets see how it goes in November.
5. ITC quarterly sell came true from 300 to 277. Shows November sell too, lets see. No major buy here.
6. Asian Paints fell as qtr level predicted. Might see some rebound from low but don't see major buy.
7. Lupin hasn't fallen much, see some strength so its a hold.
8. SKMEGGPROD is a sell at all levels.
9. L&T Infotech quarterly sell went well so far from 1917 to 1765. Should see some reaction buy. No solid buy trend yet.
10. Tatamotors shd see some reaction buy. May be bottoming soon, but don't see major buy signal yet.
11. Cyient may see reaction buy. No solid buy yet.
12. SBI qrtrly buy went well so far and shows a monthly sell.
13. ONGC shows mostly sell. Only qrtrly buy which isn't strong.
14. Idea is a sell with short term buy.
15. Sugar stocks are a monthly buy and sell is weak may be localized.
16. Deepindustries buy at qrtr has gone well so far. No major buy/sell now, just hold.
17. HDFCBank qrtrly sell gone fine so far. Mostly hold now with November showing weak buy with continuing sell pressure.
18. RECLtd qtrly buy went well 98 to 118 now. Sadly I didn't buy it. Consolidation now
19. Yesbank shows monthly sell with short term buy before it.
20. Trident is buy at all levels and now at 66.
21. Navkarcorp rebound from low but nothing major.
22. Persistent qrtrly peaking came true, down from 788 to now 559. Monthly still sell with local buy.
23. VSTTiller is confused for month with sell at qtr which hasn't happened yet. Lets see.
24. Rice stocks qtrly hold with a monthly buy.
25. Bajaj finance is a sell at qrtly and monthly and see no buy signal yet.
26. Ashok Leyland is a monthly buy but weak and qrtly sell.
27. Heromotor reaching a low at all levels may see a local buy. Don't see trend change yet.
28. Greaves cotton is a monthly sell but quarterly still showing buy so major collapse I think.
November from existing trend is a Sell for the month but we are seeing a rebound from October collapse. It will be interesting if we can see the rebound is strong to break that trend of Sell. We also have a large Sell for 3 months from October. So I think it is unlikely the rebound will exceed 10930 for nifty which is Sept 30th nifty.
So in short, November is an initial rebound and weakness in second half.
Today Nov 2nd shows move higher which is happening as I write this.
1. TCS still shows a monthly sell for November but the quarterly sell was very well done as a deep low. So far I don't see any major collapse and might consolidate and we will see some buy at this stage going forward. I bought some TCS at the low in october and that is holding well.
2. Starpaper buy for October went exceedingly well. With a buy from Sep30 at 159, its above 180 now and survived October collapse very well. I bought some that is 13% up and it is not time to sell yet.
3. CoalIndia had a reaction high at the begin of week which I didn't notice. So no wonder that it fell from 281 to 261. Its interesting how that coinciding with Govt. plan to sell stake at base price of 266. Don't see any major fall here. Monthly level is a buy.
4. Hindustan Unilever shows a quarterly sell which hasn't happened yet. And a monthly November sell too. Lets see how it goes in November.
5. ITC quarterly sell came true from 300 to 277. Shows November sell too, lets see. No major buy here.
6. Asian Paints fell as qtr level predicted. Might see some rebound from low but don't see major buy.
7. Lupin hasn't fallen much, see some strength so its a hold.
8. SKMEGGPROD is a sell at all levels.
9. L&T Infotech quarterly sell went well so far from 1917 to 1765. Should see some reaction buy. No solid buy trend yet.
10. Tatamotors shd see some reaction buy. May be bottoming soon, but don't see major buy signal yet.
11. Cyient may see reaction buy. No solid buy yet.
12. SBI qrtrly buy went well so far and shows a monthly sell.
13. ONGC shows mostly sell. Only qrtrly buy which isn't strong.
14. Idea is a sell with short term buy.
15. Sugar stocks are a monthly buy and sell is weak may be localized.
16. Deepindustries buy at qrtr has gone well so far. No major buy/sell now, just hold.
17. HDFCBank qrtrly sell gone fine so far. Mostly hold now with November showing weak buy with continuing sell pressure.
18. RECLtd qtrly buy went well 98 to 118 now. Sadly I didn't buy it. Consolidation now
19. Yesbank shows monthly sell with short term buy before it.
20. Trident is buy at all levels and now at 66.
21. Navkarcorp rebound from low but nothing major.
22. Persistent qrtrly peaking came true, down from 788 to now 559. Monthly still sell with local buy.
23. VSTTiller is confused for month with sell at qtr which hasn't happened yet. Lets see.
24. Rice stocks qtrly hold with a monthly buy.
25. Bajaj finance is a sell at qrtly and monthly and see no buy signal yet.
26. Ashok Leyland is a monthly buy but weak and qrtly sell.
27. Heromotor reaching a low at all levels may see a local buy. Don't see trend change yet.
28. Greaves cotton is a monthly sell but quarterly still showing buy so major collapse I think.
No comments:
Post a Comment