Category Archives: Indian Stocks Trading

Dr.Reddy’s Laboratory trade idea revisited

Posted on December 14, 2008 by Ramki

On 1 Dec, I suggested that Dr. Reddy’s was showing a bottoming formation. A low-risk trade is coming up on the radar, and it might be of interest to traders who follow Indian stock markets. Continue reading →

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Tata Tea is approaching short-term top

Posted on December 11, 2008 by Ramki

When Tata Tea reached the 430 level a few days back, it was clearly time to buy. Not only was the overall market in an oversold condition, this particular stock had reached a 123.6% Fibonacci projection of its previous large decline. From the 430 area, we have already seen over 30% gain, and it is natural to start wondering where we will run into some profit taking. Continue reading →

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Dr.Reddy’s Laboratory in a bottoming formation

Posted on December 1, 2008 by Ramki

Every few days we will look at an emerging market stock. Dr. Reddy’s Laboratory has suddenly come to the limelight today. You will observe from the chart that this stock has been trading between two parallel lines for several days. Only once did it violate the lower line, but it closed higher Continue reading →

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Get ready to buy Reliance Industries

Posted on November 6, 2008 by Ramki

On 3rd November I warned you to get out of your Reliance Industries holdings near 1480. (see the post here.) I think the stock will bottom out between 855 and 905 Continue reading →

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Should we buy Reliance Industries now?

Posted on November 3, 2008 by Ramki

The Indian Central Bank has cut rates, and Reliance looks well bid. Should we buy Reliance here? My response is No. We will see another dip in this stock and let us look at it again at that time. If you have purchased this stock when it was around 1000, then you should look to get out on this rally Continue reading →

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Bloodbath on Indian Bourses

Posted on October 12, 2008 by Ramki

Can India be immune to what is happening elsewhere in the world? The answer is a resounding no. Last week the benchmark index or the “Sensitive Index of the Bombay Stock Exchange” crashed to 10,239. This level is about 2,000 points below my target for the index (I had written that we will see 12,200 when the index was above 21,000 earlier this year) Continue reading →

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