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Banking stocks, Reliance Infra & Tata Motors

Discussion in 'Technical Analysis' started by naveen1241, Mar 28, 2014.

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  1. naveen1241

    naveen1241 Responder

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    Hi All,

    Today was a great day. I didn't book my profits, just because I'm getting the feel that some more steam left in this rally. Mostly banking (the likes of Canara/Indian/Dena/Karnataka), Reliance Infra and Tata Motors. Most PSU banks are going high(Feels like one catching up with the other ).
    Do you guys feel that I might regret for not exiting out.

    Thanks
    Naveen
     
    naveen1241, Mar 28, 2014
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  2. saptarshi_sachin

    saptarshi_sachin Responder

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    Hold on Naveen! Today, already u must have felt the +ve momentum of good PSU banking names.

    It was like a rise from the ashes for some of the names.
     
    saptarshi_sachin, Mar 29, 2014
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  3. naveen1241

    naveen1241 Responder

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    Thanks Rishi. I do completely agree with your opinion and have the same thoughts.

    Regards,
    Naveen
     
    naveen1241, Mar 29, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    Don't be too greedy and you may not be able to catch the top as it is all new high territories without any earnings to get there. Just make sure you keep booking profits and get the money in the sidelines. Few months your money lying in the sidelines can give you much better chance and opportunities. Remember I mean slowly booking profits and not all at one go. Yes market can go to 7k or even higher but does not matter. Make Profit and then enjoy for a week or two and then wait and watch. Don't try to re-catch the same stock. It is not the only one that can make you rich.
     
    shabbir, Mar 29, 2014
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  5. srspriya06

    srspriya06 Active Member

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    Partial profit booking is always safe and better.
     
    srspriya06, Mar 29, 2014
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  6. naveen1241

    naveen1241 Responder

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    Hi Shabbir n Priya,

    I've booked partial profits in Reliance Infra, Tata Motors, Dena Bank and Karnataka Bank.
    Holding Canara and Indian Bank in full. I just feel some more upside left for sure. But, in the worst case in a gap down opening as well, i would get opportunity to exit with at least 30% profit. So, just thought of keeping trailing SL for a few days. Most of the times, I have missed out great rallies and stock re-ratings and hence thought of waiting a little more this time.

    Thanks as always.

    Regards,
    Naveen
     
    naveen1241, Mar 29, 2014
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  7. shabbir

    shabbir Administrator Staff Member

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    Perfectly fine but then make sure you are not trapped for too much profit margin.
     
    shabbir, Mar 30, 2014
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  8. srspriya06

    srspriya06 Active Member

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    Red candle has formed in canara bank. Keep watching it.
     
    srspriya06, Apr 1, 2014
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  9. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    About Axis banks, and all other banks, put very strict stop as market could burst anytime and if that has happened than Banks sector would be no I in dragging Nifty down.
     
    sanjay_sansanwal, Apr 1, 2014
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  10. naveen1241

    naveen1241 Responder

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    Thanks Priya.

    What would be the right strategy?

    Regards,
    Naveen
     
    naveen1241, Apr 1, 2014
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  11. naveen1241

    naveen1241 Responder

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    Thanks Sanjay.

    What could be SL for Canara and Indian Bank ?

    Regards,
    Naveen
     
    naveen1241, Apr 1, 2014
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  12. naveen1241

    naveen1241 Responder

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    What could be SL for Reliance Infra as of now ?
    Confused between 423 and 400.

    Thanks
    Naveen
     
    naveen1241, Apr 1, 2014
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  13. shabbir

    shabbir Administrator Staff Member

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    395 but if you prefer trailing stop loss then it should be previous days low.
     
    shabbir, Apr 1, 2014
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  14. srspriya06

    srspriya06 Active Member

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    Once the stoploss hits, come out of it.
    Stop loss for canara bank should be 240.
     
    srspriya06, Apr 1, 2014
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  15. naveen1241

    naveen1241 Responder

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    Thanks Priya :)

    I had the same SL in my mind 239-240.

    Regards,
    Naveen
     
    naveen1241, Apr 2, 2014
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  16. srspriya06

    srspriya06 Active Member

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    Its my pleasure.
     
    srspriya06, Apr 2, 2014
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  17. naveen1241

    naveen1241 Responder

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    Sold 25% Canara Bank @ 279. What a move :) ?

    Thanks
    Naveen
     
    naveen1241, Apr 2, 2014
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  18. shabbir

    shabbir Administrator Staff Member

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    Party time.
     
    shabbir, Apr 3, 2014
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  19. naveen1241

    naveen1241 Responder

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    Hi Priya,

    Did not wait for SL. Quit 75% holdings @ 271 day before yesterday and thought of buying back at a little lower levels.

    Thanks
    Naveen
     
    naveen1241, Apr 16, 2014
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  20. srspriya06

    srspriya06 Active Member

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    Thats fine Naveen .
     
    srspriya06, Apr 17, 2014
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