DAY TRADING STRATEGY (MAY 3rd )
See Nifty kissing 5237 or 5248 @ 9:10 a.m. and from there on for an hour bulls would take control to touch an intraday target of 5273.
After 10:30, heavy selling would come.
A VOLATILE SESSION EXPECTED.
PLEASE DO TRADE CAREFUL
BANK NIFTY
Watch a slide upto 9790 till 10:15
and a bounce back will take the index to 9820+
TODAY’S TIP
SELL GRASIM in Cash @ 2710
T1- 2702
T2- 2695
NO STOP LOSS REQUIRED
Long Term Investors...
Wait for a better correction in this stock.
PLEASE STAY AWAY FOR NOW.
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-Mahindeesh (a) Sathish
Cuddalore
Tamil Nadu
KNOW YOUR BUSINESS JARGON (Continued…)
(Presented in an alphabetical order)
B
TODAY’S LESSON
1) BABY BONDS: Bonds offered by mutual funds or insurance companies for an infant over a period, aimed to cover educational expenses or wedding expenses.
2) BACK-END LOAN: A kind of redemption charge that an investor has to pay for withdrawing his money before the date of maturity. Applies to time deposits and investment trust funds to discourage investors from withdrawing prematurely.
3) BACK UP: When the stock Market has backed up it has shown a sudden reversal of trend, a sudden fall in a rising market, or a sudden rise in a falling market.
4) BACKWARDATION: It is known as ‘Ulta Badla’ in Indian Stock Exchanges. When a bear sells in anticipation of a fall in prices in the immediate future (so that he can pick up the shares later for delivery and make a profit), but the fall does not happen within the accounting period, he has the option to borrow or buy the shares for delivery, or have his sales carried over to the next accounting period on payment of ulta badla or backwardation charges
5) BACKWARD INTEGRATION: Taking over of a company, which produces raw material or ancillaries through another company, which uses these products to manufacture finished goods. Backward integration guarantees, to a certain extent, quality control, an uninterrupted supply of raw materials and components at a fair price, and timely deliveries.
(To be contd…)
TODAY’S QUOTE
Perhaps there is no other way of reaching some understanding of being than through art? Writers themselves don't analyze what they do; to analyze would be to look down while crossing a canyon on a tightrope. To say this is not to mystify the process of writing but to make an image out of the intense inner concentration the writer must have to cross the chasms of the aleatory and make them the word's own, as an explorer plants a flag.
-NADINE GORDIMER, Nobel Lecture, Dec. 7, 1991
We try to tag along (or bear in mind)
TODAY’S QUOTES in day-to-day life, in our business united with our own innovative thoughts.
RELAX CORNER
JUST SMS TO YOUR PAL
It’s the thing that satisfies
Do it on bed, on a sofa,
in the car or anywhere!
Do you know what it is ??
.
.
.
.
It’s called Prayer!
God bless
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