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vivek999 White Belt
Joined: 09 Jul 2007 Posts: 72
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Post: #1 Posted: Mon Jul 07, 2008 11:24 pm Post subject: IFCI |
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Hi Team,
IFCI's movement has been drawing my interest for the past one and half years. On Jan 2, 2007, IFCI opened at around 13 levels. On Dec 17, 2007, it touched a high of 121. Currently, IFCI is at 37. If there is someone who has went long with IFCI between 10-20 levels, held on to it during 2007, and closed it at 100-120 levels, he must be a great trader. If he also went short with IFCI at 100 levels, and closed the short-position at 30 levels, hats-off to his analysis.
Although, I haven't traded in IFCI, I have been watching it since Jan 2007. Yesterday, I did a bit of analysis on the long-term chart of IFCI. I noticed that 22-25 levels is a good retracement level. IFCI hit 29 levels on July 2, 2008.
Currently, for a short-term (based on my analysis of IFCI short-term chart), IFCI looks to be at important levels. Movement above 39-40 could give upsides; Movement below 37-36 could give downsides. I would like to see what shape IFCI takes in the future.
Disclaimer: Trading in stock market involves risk. I do not hold any positions in IFCI. The information in this message is not to be considered as a recommendation. Please do your own analysis to determine the risk involved.
Regards,
Vivek
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hdobhal White Belt
Joined: 19 Dec 2007 Posts: 162
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Post: #2 Posted: Mon Jul 07, 2008 11:50 pm Post subject: |
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Dear Vivek,
Thanks for the infor about IFCI you posted. Your views are always helpful for we traders and I request you to continue this. One thing though - for stocks there is a separate place "STOCKS" where it will be better to put such posts.
Thanks & keep the good work going.
Harish |
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vivek999 White Belt
Joined: 09 Jul 2007 Posts: 72
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Post: #3 Posted: Tue Jul 08, 2008 7:27 pm Post subject: |
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Thanks Harish..
Next time, I'll post stock related post in 'Stocks' section. |
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