[sharetrading] for you abe

 

If nifty closes below 5030, should we quit from our long positions. --- On Tue, 15/12/09, A P Abraham <abrahamap@airtelmail.in> wrote: From: A P Abraham <abrahamap@airtelmail.in> Subject: [sharetrading] Nifty To: sharetrading@yahoogroups.com Date: Tuesday, 15 December, 2009, 8:55 AM   Most markets are showing signs of rebound as of y'days close.  Expect Nifty to do good today. At worst sideways.   Today there is a quiet report about HCL-INSYS in wimax deals and systems being operational by Jan2010. This is a regular div paying co, Minimum 2 times a year. CMP – 145, BV – 59, IV – Abt 420. I hold it for the past many years. Presently on day and week charts it is on a down move. But I expect the next reversal to be strong. One may buy as close as SL 137. This is very LT hold scrip as its IV is very high. ESOP done recently at 105. So down side is very limited. One may invest at ones own discretion.   Abe

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