L&T@ Bang on Target

Today L&T hits intraday low of 677.15...our downside target almost achieved.
On 20th Aug we gave the following view@  http://moneymystery.blogspot.in/2013/08/l-broke-crucial-level-of-756what-would.html

Bank Nifty spot hits intraday low of 8367, Closed at 8760:-)

Someday back on 5th Aug we gave our view on Bank Nifty spot and check out how it behaved since then@
http://moneymystery.blogspot.in/2013/08/bank-nifty-spot-10400-key-level.html

Today it hits intraday low of 8366.75 and finally closed at 8760.85

This's how our level works and we make best use of it while recommending stocks to our clients.

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Nifty...What ahead???

Nifty strong support at 5220/5170 from where it could give some some decent bounce.
Below 5170 Nifty could hit level of upto 4940 from where it could bounce again....step by step!!!

Nifty currently around 5295 when this message posted.

We see opportunities in distress market and currently looking to build  portfolio for our clients slowly & steadily:-)

No more long in INR@ Shorting might be a good idea!!!

Exclusively to our clients we alerted that above 56.80 closing INR will get into a new territory@

http://moneymystery.blogspot.in/2013/06/a-thought-which-we-shared.html

Then on 26th june we talked about INR hitting 63/64 max against USD@

http://moneymystery.blogspot.in/2013/06/why-inr-could-hit-6364-max-heres-logic.html

Currently INR spot at 64.40....I won't like the idea to go long further rather shorting might be a good idea in PARTS:-)
Shorting on every Rs 2/2.5 upside likely to be a good idea from now if Rupee depreciates further.  

Its an personal assumption. Always take your own decision.
I can go WRONG!!!

Delivered Once Again@ Return generated for clients in just 3-4 trading sessions

On 16th Aug we recommended 20% of the desired qty in Yes Bank in the region of 258/230

On 19th Aug exclusively to our clients we recommended the following@
In little qty we recommended buy in Inox around 54, 
Bank of Baroda around 440, 
Reliance Infra around 322 n below, 
ICICI Bank around 817 & 788 and 
Century Textiles around 203.


Yesterday on 20th Aug we recommended Profit booking in Century Textiles close to 219.5...return generated 8%

And today 21st Aug, we recommended profit booking in Yes Bank close to 280, Return generated 12-13%

Recommended profit booking in Bank of Baroda around 485/490,
Return gernerated 10-11%

Recommended profit booking in ICICI Bank around 865/868,
Return generated close to 8%

Reliance Infra hits 345+
Inox hits 59

In my call one is always free to book profit at any level.

On 5th August here at this blog we gave give ideas on SBI & UCO@
http://moneymystery.blogspot.in/2013/08/uco-bank-technicals-for-all-what-next.html
http://moneymystery.blogspot.in/2013/08/sbi-what-next.html

Recommended profit booking in both SBI & UCO.
Return generated in UCO close to 10%
Return generated in SBI close to 6%

Target given on 26th June hit@ INR Spot hits 64 Vs USD

INR spot finally hits 64 to the USD.

On 26th june we made the prediction of INR hitting 63/64 max to the USD.

Wish it corrects now:-)

Check the link where the prediction was made@
http://moneymystery.blogspot.in/2013/06/why-inr-could-hit-6364-max-heres-logic.html

L&T Broke Crucial level of 756....What would be the trade???

I was comfortable in L&T as long it was holding 757/756. 
Now when it has closed below it I will look to average or buy L&T close to 672/668+- and not before that. 
Its a sell on rise as long it doesn't close above 756/760.

We have given both side view so act accordingly.

CMP Rs 738 when this message posted.

To subscribe mail at manish@moneymystery.in

Bang on Target@ INR so far hits 63.27 Vs USD

INR spot so far hits 63.27 to the USD.

On 26th june we made the prediction of INR hitting 63/64 max to the USD.

Lets see how it pans up now.

Check the link where the prediction was made@
http://moneymystery.blogspot.in/2013/06/why-inr-could-hit-6364-max-heres-logic.html


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Downside view achieved@ SBI hits 1553

Alert@ SBI hits 1553 as of yet.

We gave the following message on 5th Aug@

Technically see some more casualties in SBI. Could hit and take support around 1620 and below 1620 at 1550 where its likely to take support & bounce. 

CMP Rs 1658 when this msg posted.

Link: http://moneymystery.blogspot.in/2013/08/sbi-what-next.html

Gold...When it can correct again?

Seems like a dead cat bounce for the time being Gold likely to move further more on the upside and could correct again heavily close to $1400-1428/oz.
Area of $1428/oz likely to act as tough resistance for Gold and could correct. It get further strong only above $1428-1430/oz closing.
We have given both side view.

Tata Steel Delivered Return of 34% from the lower recommended level in 5 trading session

Our buy call on Tata Steel has delivered return of close to 34% from the lower recommended level of around 194+- in just 5 trading session.

Level of around 265 is going to act as tough resistance for Tata Steel and only continuous closing above 265 will make Tata Steel strong else could correct again. 

We have advised our clients to book some profit around 258-265+- levels for the stock bought at lower levels and bring there cost down. We advised buy in the region of around 265 & 230/211 & 194...step by step in a systematic manner.

It makes sense to get associate with Money Mystery. 
We have delivered when most needed. 

mail me at manish@moneymystery.in

Regards,

Manish Bothra,
Kolkata

Bang on Nifty again@

Exclusively to our clients we gave the following message on Nifty on 6th Aug Night and posted the same on Facebook Money Mystery on 7th Aug Morning@


Money_Mystery: We are at last good leg of support level. If holds then fine else could see a panic selling which could drift the nifty further much lower which we will update later. Currently strong till it holds around 5449.


What Happened@ On 7th Aug it made low of 5486.85 from there it went on to hit 5644 as of today...saw upside of 157 points.

Chambal Fertilisers delivered return of around 12%

We recommended Chambal at 35 and below 33.....the avg comes to around 34. 
Hits high of 38.20 as of today delivering return close to 12%.
Finally closed at 37.75

Inox Leisure delivered return of 22%

On 2nd August we recommended Inox in the region of 53-51 & on further sharp decline indicating the levels. Inox hits low of 50.25 on 7th Aug from there it went on to hit 63.5 as of today delivering return of 22%. Finally closed at 61.3

Check the link@http://moneymystery.blogspot.in/2013/08/buy-inox-leisure.html 

Reliance Infra@ Delivered return of 11% so far

On 2nd August exclusively to our clients we recommended Reliance Infra in the region of 320.
Hits 355.9 on the higher side delivering return of 11%

Raymond delivered return of 20% as of yet:-)

Raymond was recommended some around 180. Hits 182.05 on the lower side on 2nd Aug. 

So far hits high of 218 on the higher side delivering return of close to 20%. Finally closed around 216.

http://moneymystery.blogspot.in/2013/07/shower-of-calls.html

http://moneymystery.blogspot.in/2013/08/systematic-investment-strategy.html

Century Textiles@ So far delivered return of 12% as of yet

On 31st July we recommended Century Textiles in the region of 203 & 192 & 178 where on 5th Aug it hits intraday low of 194.10...taking 198 as the average cost of purchase it has delivered return of close to 12% where today it hit high of 221.80 finally closed around 219.
Link@http://moneymystery.blogspot.in/2013/07/shower-of-calls.html

http://moneymystery.blogspot.in/2013/08/systematic-investment-strategy.html

Hindalco Delivered Return of 13% from the recommended level.

Hindalco hits 94.85 on the higher side today....return generated 13% so far.

Recommended Hindalco on 7th Aug with a both side view where we talked of a strong support level at 83 and a bounce from there and it did with a risk of almost nothing.

Check the link@ http://moneymystery.blogspot.in/2013/08/hindalcowhere-its-heading.html

Tata Steel up 22% from the recommended level as of yet:-)

Tata Steel hits low of 195.30 on 7th August from there it went on to hit 239 as of today delivering return of close to 22% from the recommended level.

We recommended buy close to 194 in systematic investment strategy. Here one has the option to bring down there cost price. 

Check out the link@http://moneymystery.blogspot.in/2013/07/shower-of-calls.html

http://moneymystery.blogspot.in/2013/08/systematic-investment-strategy.html

Wockhardt@ From Lower to Upper Circuit as presumed:-)

On 8th Aug it opened lower circuit at 344.45 from there it went on to hit the upper circuit at 380.65.
Currently at 399.65 at upper circuit.

On 6th August it was said that@
Technically I strongly feel that there's limited downside now and stock could anytime reverse back.
It got super excellent support in the region of 380 to 330 so this's the range from where it could reverse back any time. I recommend a buy in the given range. Do not wait the freeze to open to get in rather start buying in very little little qty in every sharp decline now as whenever it opens it might end at upper circuit only.

Link@http://moneymystery.blogspot.in/2013/08/wockhardtwill-it-stop-bounce.html

HSIL delivered return of 7% in trading call

We gave a trading call on HSIL on 1st Aug exclusively to our clients@

Buy HSIL at 73.5/73 for a target of upto 78/79 keeping stop loss below 72.5 on closing basis or as u wish.

In intraday on 2nd Aug it even went on to hit 70.10 however closed above 73.
Hits 78.55 as of now generating return of 7% 
Target achieved.

HIndalco...where its heading???

It got strong support in the region of 83 and we can expect it to take support and bounce a bit and could give little trading opportunity.
Only below 83 or closing below it could take it down upto 72.
We gave both side view so trade accordingly.
CMP Rs 83+

NIFTY PE at 16.51@ Start accumulating slowly n steadily@ Rome was not built in a day:-)

No one listens when the market are higher. Whenever I feel the markets are higher I keep on advising my clients to sell and keep the cash in hand however no one listens.....even also if they sell some they want to invest the same within that time only which I don't favour at all. Its easy to get in however very difficult to get out and even much much difficult to keep portfolio at zero. Everyday is not a trading day and I look for good opportunities to get in for my clients. I love distress like situation to get in and when things looks rosy & happy I love to get out or remain out of it.

Now at current levels am bit positive about the market and look forward to advice to my clients and have already advised some. This's not a trading market rather its a time to accumulate slowly slowly in a systematic way and am hopeful that it will pay off going ahead.

Something looking very exciting and gives a reason to cheer is the current PE of Nifty which has comedown to 16.51 as of today and whenever it has come around these level it has given good return over a period of time if someone made a entry there. So 16.5/14 is the bracket where 1st phase of shopping can be done. The next bracket is below 14 where Nifty PE hits low close to 10.68 in Oct 2008 from where it went on to hit close to 26 in Oct 2010. 

Basically Nifty is considered to be in oversold range when Nifty PE value is below 14 and it's considered to be in overbought range when Nifty PE is near or above 22/23+

Nifty closing at 5542.

Nifty

Strong support for Nifty below 5650 stands at 5608/5600 & 5568 for the time being.

Wockhardt....Will it Stop & Bounce???

Difficult to say and risky. Only technically I could comment some.
Wockhardt currently at 381 and down freeze. Technically I strongly feel that there's limited downside now and stock could anytime reverse back.
It got super excellent support in the region of 380 to 330 so this's the range from where it could reverse back any time. I recommend a buy in the given range. Do not wait the freeze to open to get in rather start buying in very little little qty in every sharp decline now as whenever it opens it might end at upper circuit only. 

It may or may not happen. It could be risky. Better to stay away if appetite not strong.
Its an personal assumption.

Bank Nifty Spot@ 10400+ key level

Bank Nifty is overall weak and as long it doesn't close above 10400 on a continuous basis I don't see any strength in it. Going higher it will face tough resistance around 10400 and could correct again.

In 1st place on any sharp decline it could see downside level of upto 9468 to 9267 and can look for a bounce again.

In 2nd place on any closing below 8970 it could drift down further lower upto 8488-8171-7970 where it could take support and give a big big bounce.

These levels are not meant to give you fear or worry...no need to worry....its for your knowledge only so that you remain aware what could happen when any key level gets broken.

In our earlier discussion we talked of 10400 level as a strong support level however when it closed below it we could see how it came down in a hurry.

Bank Nifty spot at 10095 as of today.

SBI@ What Next?

Technically see some more casualties in SBI. Could hit and take support around 1620 and below 1620 at 1550 where its likely to take support & bounce. 

CMP Rs 1658 when this msg posted.

UCO Bank Technicals@ What Next???

UCO Bank currently at 55.75 when this message posted.

It got excellent support close to 55-53.90 & 50.6 where its likely to take support & bounce.
In the event of breaching below Rs 50 it has all possible chance of hitting level of upto 45.6/45 where it could take support & bounce.
We have given both side view so trade accordingly.

Systematic Investment Strategy

This time what ever we recommended is based on a systematic investment where we asked our clients to buy 20-30% of the desired qty at different rates.
One is free to book profit at any level or can hold it for longer period and look to get in more at suggested levels to average the same.
We recommended@

Yes Bank....25% of the desired qty close to 300/291...hits over 330

Our last recommended level for Tata Steel was 211 given to our clients. Below 211 we have asked to average the same around 194 & 177 & 166 & 150 levels step by step in little qty. These are support level one by one.

Recommended L&T in the region of 830 & 792 & 757.

Recommended 25% of the desired qty in ICICI Bank in the region of 895/875

Recommended 25% of the desired qty in Axis Bank in the region of 1025....it went to hit over 1100++

Recommended 25% of the desired qty in Bank of Baroda in the region of 538 & 498
2nd leg of  25% is recommended in the region of 440 & 386

Recommended 25-30% of the desired qty in Century Textiles in the region of 203 & 192 & 178

Recommended 25-30% of the desired qty in Raymond in the region of 180 & 160/151...its a avoid below 150/149 closing and vice-versa.

Recommended Chambal at 35 & 32/29.5

The levels given are important support levels on closing basis so one is free to keep stop loss while in a trading mood.

Buy Inox Leisure

We remain bullish on Inox Leisure and recommend a buy at current levels of 53-51 and on any further sharp decline at around 47-45 for investment purpose. To me its very much undervalued and it deserves the much needed premium valuations which cannot be valued in terms of books of account. Its into a premium business and deserves a premium valuation.
Inox its into multiplex business & currently operates 73 multiplexes and 287 screens in 39 cities making it a truly pan-Indian multiplex chain. Inox Leisure Ltd. will continue its expansion into places like Madurai, Noida, Jalgaon, Mangalore, Manipal, Thrissur amongst others. I also foresee M&A activity happening in this sector. 
In all economic condition Entertainment is a must for everyone one.
I see excellent gain over a period of time and its a personal observation.

Note: I personally hold this stock.

Nasdaq Still Very Strong

Technically Nasdaq is still looking very strong where slowly & steadily it could see level of upto 3966 to 4500...currently at 3675

Nasdaq hits 3600+....up around 25%....Target Achieved.

Nasdaq hits 3600 in July 2013....target achieved...saw upside of around 25% since predicted.

This's what we predicted for Nasdaq way back in 2012....a higher target of 3500-3600 when it was trading around 2900

Check this out: http://moneymystery.blogspot.in/2012/03/nasdaq-looking-much-more-bullsidh-than.html?showComment=1368012676646#c7208010146208090729

Regards,

Manish Bothra

Indian Equities on Sale!!!!!

Everything cannot get bad in equities. However in recent scenario everything seems to be garbage which is not the case. It would be bad to blame the market all the time, market gives us opportunity however we fail to take that. Valuations have become relatively cheaper and it gives me a feel that India is on sale. You are getting the best of Indian companies at a relatively lower valuations which I believe will attract foreign & domestic investors a lot, sale is going on!!!  One should start systematic investment in various stocks. Things will change and its going to get better.
Current tumble looks more of like a political driven one as they have been unable to manage various growth related issue. Everything seems to be out of control as the major indexes showcase India's growth picture and its status..
Though few stocks holding the index higher however bunch of good stocks have been battered. I see opportunity in these market condition and I see good time to knock back.

Regards,

Manish Bothra

We gave the following view on Nifty@

Yesterday around 12.12pm we gave the following view on Nifty exclusively to our clients via sms@
Nifty strong support at 5670/5650. Should bounce....lets see:-)


Yesterday it took support there. Today also it took support near the mentioned level & bounced.
Am right now positive on markets again and see more upside.
Its an personal assumption.