Bearish Trend

On Friday Nifty(CMP-5099.8) took support at 5077.5, so it will act as a strong support, traders who trade on Nifty should keep it as a stop-loss. But an investor, should have a cautious stance. On Monday, RBI is going to announce credit policy.
       Now, Opto Circuit(CMP-155.4), on Friday broke 157 level on closing basis, which was a stop-loss as suggested by me in my previous blog. One should remain out of it. Am looking at a level of 151.6 on it. Opto Circuit should not violate the said level on closing basis or it may grind much lower may be upto 145.8. But for now its in a down trend. Enjoy!!!

(Note - The views expressed in the blog are entirely based on my knowledge. Any loss/damage caused is entirely at follower's own risk.)

CARRY ON

OPTO CIRCUIT(CMP-159) - I still stick to my view. Last two out of three days it opened at lower level and made an attempt to touch 164 but didn't succeed. Tomorrow it should try and give a sharp uptick or will  try to breach this Monday's low of 157 on closing basis. As per the charts,it is still in an uptrend.
              Nifty (CMP-5109.6) tried to breach 5100 on closing basis. Tomorrow, Nifty should give a bounce. Those who trade on NIFTY can go long with a stop-loss of 5076.6 . Enjoy!!!

(Note - The views shared are entirely based on my own knowledge. Any loss/damaged caused will be entirely at the follower's own risk)

Here I Go

Hello friends, its been observed that trying to concentrate on too many things at a time won't help to achieve a desired result.Same is the case with investment and other facets of life. So now on, will be concentrating on single good Company as I have said in my previous blog. Hence forth, will be concentrating solely on this Good Company, where I will be suggesting the reversal in the trend along with the levels where one should GET-IN and GET-OUT of the said Company. Have used the word "GOOD Company" as I find this Company interesting on the basis of criteria, which I have selected.
                  The Company, which I recommend is "OPTO CIRCUIT (INDIA) LTD". The Company belongs to Pharma Sector and is included in S&P CNX500, NIFTY MIDCAP50, CNX MIDCAP, CNX100.

( in cr' ) FY'11 FY'10 FY'09 FY'08 FY'07 Sales Turnover 603.2 471.5 401.23 328.69 201.64 Reserves 876.43 653.85 240.51 221.34 149.59 PAT 244.38 147.04 139.93 118.79 72.18 Total Debt 724.01 194.6 513.53 88.23 49.25 Book Value 57.02 45.75 24.9 33.5 34.28 EPS 13.11 8.04 8.67 12.61 11.71 Debt-Equity Ratio 0.68 0.23 1.28 0.28 0.23 Face Value (Rs.) 10 10 10 10 10 Dividend (%) 45 40 40 50 50 Bonus 3:10 --- --- 7:10 1:02

                                                          (Source – www.moneycontrol.com)

Share Holding As on 31st March 2012
Promoter & Promoter Group -  28.12%
Institutions  -  38.71%
Non-institutions  - 33.17%
                           (Source – www.nseindia.com)

Last week OPTO CITCUIT (CMP - 161.25) had given a sharp turn-around from a level of 151.75 (on Closing basis). One can get in at a current level of 161.25 with a STL of 158 for a target of 165.5.You may even see a level of 169.5. Its in an Uptrend so one may hold on to it. Enjoy !!!

(Note - The views given are entirely based on my knowledge. Any loss or damage caused is entirely at the  followers own risk.)

New Beginning with a Concept

Hello friends, its being a long halt, almost 15 months, when I last wrote my  blog. Nothing has changed in terms of the market, except there were many UPs and DOWNs, as its a nature of market. 
             In the last one year, many events occured which could have dampened investors confidence. On personal front, have gone through lot good and bad times, as there are two sides of a 'coin' called LIFE :). But nothing has dampened my confidence, so as a investor you should never get dishearten as well. Am back, but this time with some unusual  good concept, which will surely help to bolster an investor's confidence.
             This time, I will be focusing on a Good Company, fundamentally and technically. How? Good Question?? For that you need to have some patience.Be rest assured, the Company which will be discussed has been selected from past history in terms of Dividend, Profitability, Bonus, etc.
             The idea which will be discussed will not only help an investor to make money in the Upside but also on Downside. How? will let you know...