Friends here is a list of penny stocks that are trading in NSE and as all the stocks are trading below Rs.2 on NSE we see a very limited downside in them. Also Nifty future is continuously making higher tops and higher bottoms we see these stocks will also attract liquidity and may trade higher. So my advice will be to invest in these stocks, with a maximum total investment of Rs.30,000. These ... [Continue Reading]
Midcap Stock Trading 20 Microns Limited: How is short term outlook?
This company mainly produce the plastic related goods. It was listed on NSE on 6 October 2008, When we look at the technical's of this stock we see that it has given a positive breakout on the 27 May 2011, when the stock was up more than 5%. Also closing above its important moving averages like 200 SMA, 50 SMA and 20 SMA. The technical indicators are also showing the continuation of its bullish ... [Continue Reading]
Nifty Future Price vs Trading Volume, Downside Still Open
Nifty future on charts clearly shows an uptrend, however we are not satisfied with volumes. There is always correlation of price action with trading volume, as nifty future price increases volume must also increase accordingly. But this time nifty future is rising and volumes are declining, this is early hint that markets are going to see some downside. Volume often represents confidence, if ... [Continue Reading]