Stocks – Quick Bucks

Trading NIFTY Futures for living!

Posted on December 18, 2007. Filed under: Stocks - Quick Bucks |

I came across an article written by Vijay Bhambwani of BSPL on trading in NIFTY Futures to keep your home fires burning. Vijay is a popular stock market analyst and regularly appears in NDTV Profit and CNBC India. Regular watchers of these channels would have seen him.

In this article, he talks about making a daily living (!!) by trading in NIFTY futures. He claims that he has beta tested this strategy and it has worked for him.

It sounds very simple and I am tempted to try out something immediately. But I know for sure trading is much more an emotional battle than anything else. I have traded in the past and the amount of anxiety, pressure and sense of despair you get while trading is unbelievable. May be, if I had done it little more scientifically as mentioned in this article, I may not have very bad memories of day-trading.

Interesting article which would be useful for die-hard traders and above average risk takers.

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Bajaj Auto – Impending Demerger and value unlocking!

Posted on December 13, 2007. Filed under: Stocks - Quick Bucks |

Bajaj Auto is going to be demerged and it is highly possible there would be tremendous value unlocking. As per the market news (rumours), the demerger plan would be announced by end of December or early part of January.

With the impending announcement the stock has run up and today inspite of big NIFTY correction Bajaj Auto actually closed in the positive. For brave-heart traders, Bajaj Auto in the Futures segment provides a very good possibility to take a position. For a margin of around Rs30,000, you can take a position on 100 shares of Bajaj Auto. I expect Bajaj Auto to touch atleast Rs2950 before the annoucement.

This is only for the bravehearts and people who are willing to take risk.

Disclaimer: Pls think on your own or consult your financial planner before you take a decision. I currently dont hold a position in this stock but may own in the future.

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Exited from Market Creators!!

Posted on December 11, 2007. Filed under: Stocks - Quick Bucks |

I wrote about taking a speculative position on Market Creators counter to take advantage of the buzz around brokerage companies in November. You can read about the post here. I exited the stock couple of weeks ago at Rs21.

The stock did touch Rs26 but my greed didnt allow me to sell. Finally, I squared off the position at a price which is much lower than the high it touched. Never mind, it was small position and purely speculative.

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Took a chance with Market Creators Ltd.,

Posted on November 20, 2007. Filed under: Stocks - Quick Bucks |

Two weeks back I was hearing lot of noise about the hefty valuations the brokerage houses are getting with the impending listing of Religare Enterprises and Edelweiss Capital. With that as a background I was scanning for any listed brokerage companies that are relatively under-valued to the industry.

I landed with a scrip called Market Creators Ltd., (BSE 526891). The stock was trading around Rs16/- when I purchased 100 shares. As expected the current momentum in mid-cap/small-cap stocks took this scrip along and today the stock has hit the upper circuit at Rs26.50. This is a decent gain of around 80% in 2 weeks time. I am going to hold on to it till Religare gets listed on Nov 21, 2007 and see how this moves post listing of Religare.

As typical of any small cap the volumes are very low averaging less than 5000 shares a day. I have learnt lessons during 2005 not to hold on to these kind of Micro-cap/penny stocks for long term. You will end up holding it as a dud-stock. As I see some money in these of kind of stocks, I would exit it as soon as possible. Possibly, it may continue to go up but the risk of the downside far outweighs the possible upside.

Right now enjoying some quick easy money thanks to Market Creators!!

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