The Basics of Investing and Trading » pullback http://www.ashwinianand.com Explained and analyzed. Mon, 26 Oct 2009 23:22:58 +0000 http://wordpress.org/?v=2.8.1 en hourly 1 Stock tips (Indian markets) for the upcoming few weeks http://www.ashwinianand.com/2009/10/pullback-likely-in-the-indian-equity-markets/ http://www.ashwinianand.com/2009/10/pullback-likely-in-the-indian-equity-markets/#comments Sat, 03 Oct 2009 21:25:42 +0000 Ash http://www.ashwinianand.com/?p=213 In my opinion, we are likely to see a pullback in Indian equity indices in the coming week following weak gloabl cues. US jobs data has fueled a lot of speculation that rising unemployment might lead to a slower than expected recovery. Another important thing to watch out for is the upcoming earnings season.

My advise for the next few weeks is as follows:

Stock Price at which to buy Stop-loss Price at which to sell
DLF Ltd 415 350 445
ICICI Bank 835 700 925
Reliance Industries 2100 1750 2250
Tata Steel 480 400 525
Infosys 2200 1900 2400
Reliance Communications 290 260 315

All prices are in Indian Rupees.

Remarks

1) I have placed the stop-losses such that they are meant to cut extreme losses. It is highly unlikely that any of the stop losses will be hit.

2) Some of the prices mentioned are below the current market prices. Enter when prices fall to desirable levels.

3) Trade at your own risk.  I am not responsible for either your profit or your loss.

Disclaimer: It is safe to assume that I have/will have positions in the stocks mentioned.

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