March 2013
| stocks / indices | go | entry | Target | Stoploss |
| PREFER TO TRADE IN THE DIRECTION OF NIFTY . . . | ||||
| BANK NIFTY SPOT | short | 11690 | 11630/570/510/450 | 11750 |
| long | 11750 | 11810/870/930/990 | 11690 | |
| RELIANCE | short | 835 | 830/25/20/15 | 840 |
| long | 840 | 845/50/55/60 | 835 | |
| ICICI BANK | short | 1054 | 1049/43/38/32/27 | 1060 |
| long | 1060 | 1065/71/77/82/88/93 | 1054 | |
| SBI | short | 2246 | 2236/26/16/06/2196/86 | 2256 |
| long | 2256 | 2266/76/86/96/306/16 | 2246 | |
| LT | short | 1506 | 1499/92/85/78/71/64/57/50 | 1513 |
| long | 1513 | 1520/27/34/41 | 1506 | |
| TATA MOTORS | short | 286.50 | 285/83.5/82/80.5/79 | 288 |
| long | 288 | 289.5/91/92.5/94/95.5/97 | 286.5 | |
| IDFC | short | 152.5 | 151.5/50.5/49.5/48.5/47.5 | 153.5 |
| long | 153.5 | 154.5/55.5/56.5/57.5 | 152.5 | |
| AMBUJA CEMENTS | short | 181 | 180/79/78/77/76 | 182 |
| long | 182 | 183/84/85 | 181 | |
| SAIL | short | 67.6 | 66.9/66.2/65.5/64.8/64.1 | 68.3 |
| long | 68.3 | 69/69.7/70.4 | 67.6 | |
| MARUTI | short | 1359 | 1352/45/38/31/24 | 1366 |
| long | 1366 | 1373/80/87/94/1401 | 1359 | |
| HCL TECH | short | 797 | 793/89/85 | 801 |
| long | 801 | 805/09/13 | 797 | |
POINT TO PONDER ....
most wealth management professionals base their projections on hypothesis that equities will give 15 % overall CAGR over long period of time ...
the 15 % CAGR fig comes from inflation + GDP growth percentages ... ie ... 9 % inflation + 6 % growth etc .......
in indian context, we have NO DATA to support this hypothesis ......
if this does not work out .... the poor investor is the loser .... NOT THE ADVISOR .......
can any wealth managers throw more light on this very important point which has very wide ramifications .......
imagine the effect of 12 % CAGR compared to 15 % projection ..... over a 20 yr timeframe ....... .....
at one time, i had asked a very prominent wealth manager from pune .... to give me some data about US MF industry .....which has long track record .... but he did not oblige although he said that he has the data .......
our MF industry is just 20 yr old .... earlier ... for first 7/8 years the volumes of assets under management were too low and inbetween 2003/2207 we had a mother of all bull runs .... all this has skewed the findings in a big way .......