ajitpalsingh's Portfolio

#21
Sold Balrampur Chini @ 89.60.

Just able to exit with a small profit of Rs 150 after brokerage..

After looking at man4urheart's analysis on his blog, I am trying to exit fundamentally weak stocks.

Holding Renuka for some more time although I have a much better profit on that stock. It is fundamentally much better than Balrampur Chini and I can hold it for 1-2 months more.
 

man4urheart

Well-known member
#22
Bought 1 share of crisil@6000 after brokerage and 4 shares of icra@ 1265

Bought these shares after reading book on warren buffett.

Man4urheart's post inspired me to read that book.

Next bet can be praj ind. What say man?

Will be adding crisil and icra at a later stage. Maybe 6 months or a correction.

Posting this via mobile and will update the exact strategy after some time.

Will tell the exact reasons for selecting these shares after some days. Don't have computer access for some days.
I see you making mistake again!

The price you paid for ICRA and CRISIL is too much!

CRISIL at 6000 is overvalued too much . As per Buffet model and using discount rate of GOI bonds at 8% I was able to value it around 2400!

As well as you are buying both ICRA and CRISIL, you should choose one of them!

PRAJ is a useless company for me. It is a cyclical stock, as well as alternate energy is out of fashion!
 
#23
I see you making mistake again!

The price you paid for ICRA and CRISIL is too much!

CRISIL at 6000 is overvalued too much . As per buffet model and using discount rate of GOI bonds at 8% I was able to value it around 2400!


As well as you are buying both ICRA and CRISIL, you should choose one of them!

PRAJ is a useless company for me. It is a cyclical stock, as well as alternate energy is out of fashion!
I didn't read about that method of using bonds.

But, I personally feel that Rs 2400 is impossible on CRISIL because when recession was at its peak, it went down to Rs 2200 only.

Earnings were lower at that time and future prospects were looking bleak because financial markets were under performing.

6000 is expensive but it can acheive much higher levels. Keeping my mind open for a correction; I bought just 1 share, just in case it does not come down.

Earnings can grow at a rapid pace and then this price will be cheap 2 years down the line.

In 2007, it was trading at a pe of 50 or more but earnings growth has made even that price look cheap now.

I might be wrong.

Reason for buying both the stocks, CRISIL is well established but ICRA has more growth potential. Wasn't able to decide, therefore partitioned my money between the 2 stocks.
 

paran

Active member
#24
Posting this via mobile and will update the exact strategy after some time.
I have been reading your posts. I have one comment and don't know whether Alchemist would leave this post and spare me without infraction.

But still I want to convey to you that:

If you are not rich already, concentration on your study would give you much higher return than stock market. I mean the return you get from the stock market during your education time.

From my experience, stock market is a definite distraction of concentration.

Somebody may not agree with this point and argue with some examples. Everybody can't be Buffett. At the end of the day "choice is yours".
 
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#25
I have been reading your posts. I have one comment and don't know whether Alchemist would leave this post and spare me without infraction.
You know you can PM him. :D.
But still I want to convey to you that:

If you are not rich already, concentration on your study would give you much higher return than stock market. I mean the return you get from the stock market during your education time.

From my experience, stock market is a definite distraction of concentration.

Somebody may not agree with this point and argue with some examples. Everybody can't be Buffett. At the end of the day "choice is yours".
If he is able to do both. why not? He seems to be really good at this. Shouldn't give it up.

Just manage time - sounds easy :D.
 
#26
I have been reading your posts. I have one comment and don't know whether Alchemist would leave this post and spare me without infraction.

But still I want to convey to you that:

If you are not rich already, concentration on your study would give you much higher return than stock market. I mean the return you get from the stock market during your education time.

From my experience, stock market is a definite distraction of concentration.

Somebody may not agree with this point and argue with some examples. Everybody can't be Buffett. At the end of the day "choice is yours".
I guess you are right.

I am an engineering student and we have regular exams. Stock market is a distraction. But, I just love it.

After my engineering, I would like to enter into investment field. Just don't want to continue with IT.

Thanks for the suggestion and I totally agree with you.

EDIT: I forgot to mention that I always like to take the road less taken. Each and everyone is running after an IT degree and competition is severe.
 
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#28
Added 60 PSB @ 128 and 100 Vijaya bank @ 98.35.

Bullish about the banking sector!!

My technical analysis says that we are headed for new highs much before budget.

Maybe, we can touch new highs in January itself.

Want to add more shares but all have run up quite a lot.

RIL is above 61.8 resistance today. Good bet for 1-2 months. Good bet for people trading in futures and who have a low risk profile. I don't want to take more exposure in the stock and I don't have the capital to trade in futures.
 
#29
Bought nifty futures 1 lot @ 6142 all inclusive.

Target- 6500.

Stop loss 6000 on index

It is February futures.

Let's see what happens.

This is my first futures trade.

Max loss possible- 140*50 -7000.

Profit on achieving target- 360*50- 18000.

Let's see!
 
#31
^^ Stop Loss reached.
Still holding it ?
I have moved the stop loss to 5900.

I will definitely end up in loss.

I am waiting for a bounce back to 6050 which looks possible. I might sell in between.

Forgot to mention that 61.8 level of previous rally is just above 5900. Therefore, it might act as a good support. A breach of that level and I will surely exit.
 
#32
I have moved the stop loss to 5900.

I will definitely end up in loss.

I am waiting for a bounce back to 6050 which looks possible. I might sell in between.

Forgot to mention that 61.8 level of previous rally is just above 5900. Therefore, it might act as a good support. A breach of that level and I will surely exit.
Sold at 5965.

Close to Rs 9.5k Loss.

No one to blame. It was my fault.

But, I was shorting stocks intraday and earned close to Rs 6000.

So, net loss reduced to Rs 3500.

But, still it feels bad. I guess investing is much easier than trading.

I had read John Murphy's book on trading and was over confident. I will make sure from next time that my mind is away from trading.
 
#34
Which stocks you short ? How much Money you reserved for earning of 6000 for shorting ? Request you to elaborate your intraday details what you shorted today ? It will be good for analysis purpose for others.
That day, Renuka was at 97. It went down to 96. I short sold 1000 shares. Target was 93. It went down to 92.10 and then started to increase.

Reason for shorting- Next major support was @ 92 and it was looking weak.

Then it increased to 93.50 and at that point I shorted another 1000 shares. Sold them at 91.50. It went further down.

I had some losses on Vijaya bank as well which went up and hit my stop-loss.

Similarly, I shorted reliance infra as well and earned decent profit because next support was @ 830. Price was 870 when I shorted.

After considering losses and brokerage, my net profit was 6134.xx

But, my loss on index long position was more as mentioned earlier.

Therefore, it was net loss.
 

man4urheart

Well-known member
#35
Very Nice!

A beautiful case of over trading.

If you could have stuck to just one position at a time you would had fun and made money!

Case of missing discipline!
 
#36
I am thinking of exiting various stocks tomorrow.

Renuka for a small profit.
Vijaya for small loss.
RIL partial exit for small loss.
NHPC small loss.
Icra for small loss
Crisil for small profit

I might also short nifty at 5880 tomorrow if it fails to sustain at those levels after touching it with stoploss at 5950.

I am anticipating a fall to the lower value of the channel which went on for one year. Can't attach the chart. But, all of us know about that channel.

That channel is at 5050 currently and might be at 5150 by the time we fall. So, that is my lower level that I am targeting which might present a great opportunity to buy.

Looking to get into as much cash as possible.
 
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#37
I am anticipating a fall to the lower value of the channel which went on for one year. Can't attach the chart. But, all of us know about that channel.

That channel is at 5050 currently and might be at 5150 by the time we fall. So, that is my lower level that I am targeting which might present a great opportunity to buy.

Looking to get into as much cash as possible.
On what basis/parameter you are thinking that Nifty will touch 5050/5150 level, In fact today market bounce back, I am asking as i am confused that shall I buy new shares or shall I sell those are in little green zone. My overall portfolio never come back in green zone after 2008 crash.
 
#38
On what basis/parameter you are thinking that Nifty will touch 5050/5150 level, In fact today market bounce back, I am asking as i am confused that shall I buy new shares or shall I sell those are in little green zone. My overall portfolio never come back in green zone after 2008 crash.
Any Midcap dominant portfolio bought around 2007-2008 peaks will be still in red definitely. Classic example : JM Basic Fund.

Take a quality call based on fundamentals, book losses and start collecting good stocks in small quantities.

It's very difficult to time the markets, it will be better to buy into dips in a phased manner.
 
#39
On what basis/parameter you are thinking that Nifty will touch 5050/5150 level, In fact today market bounce back, I am asking as i am confused that shall I buy new shares or shall I sell those are in little green zone. My overall portfolio never come back in green zone after 2008 crash.
I don't have any proof. My technical analysis says that we are headed lower.

But, I have been wrong several times. You would be knowing that I am not an expert and I am in learning mode currently.

But, as far as my technical analysis goes, we are definitely headed lower.

I missed the opportunity to short today morning.

Now, I will short on breach of 5700 with stop-loss being 5750.
 
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