Please read the DISCLAIMER at the bottom of the blog.

Rakesh Jhunjhunwala is considered to be the greatest investor in Indian Market. He is supposed to have made Rs 5000 crores by just investing Rs 5000 in Indian Stock Market. Rakesh Jhunjhunwala guru mantra to be successful in stock market is as enumerated below:

(a) He advises people to become interested in a stock when none is interested in the same stock. As per him BUY RIGHT & HOLD TIGHT for years to come. He has been holding few stocks for last 10 years and he is still minting money from those stocks.

(b) He further advises that one should not follow big investors blindly as their risk profile and long term goals with time frame may be difficult to be followed by retail investor.

(c) Market is supreme and every thing is reflected in the price and thus their is no point in fighting the trend as market is always right.

(d) One should be able to create a balance between the fear and greed.

(e) As per his words one has to learn the stock market trading as none can teach the market as stock market experience is the best teacher.

Thus follow Rakesh Jhunjhunwala advice in stock market, BE PATIENT and grow big like Warren Buffet or this iconic man from Dalaal Street.

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Wednesday, November 26, 2008

India Infoline puts BUY on Punj Lloyd ( Part of Rakesh Jhunjhunwala Portfolio)


Despite seeing a steady declining trend last week, the Punj Lloyd (
Rakesh Jhunjhunwala is holding Punj lloyd)managed to hold on the crucial levels of Rs141, amid extreme volatility. The short-term trendline is acting as a strong support since last week of October 2008.

The stock has bounced off from the above-mentioned levels on three occasions. Below that, Rs132 appears as formidable support though; the stock went down by over 4% on Monday. The downside persists till around Rs132.

As and when there is a burst of short covering, it could rise again till around Rs165-170. It has the potential to move till Rs180 before it runs into resistance. Maintain a stop loss of Rs131 and go long. Increase the position if it closes above Rs151.
As per Sep 08 share holding pattern of the company, Rakesh jhunjhunwala is holding 5,040,000 shares

Source

1 comment:

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DISCLAIMER

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.

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