Outcome of Stocks Pick For August 19, 2010

Yesterdays Picks Outcome:

Blue: Ended in Profit
Red: Ended In Loss
Bold: Neutral

1. Arshiya International Ltd.

The stock opened above the entry level and made the high of 302 in the first hour of trade. The stock then fell and reached the entry level with low of 291.55. Stop loss for the day was not triggered and the stock was range bound. But the stock ended in green at 296.75 with a gain of +3.80 (1.30%) from previous close.

2. Coromandel International

The stock opened at 563.00 which was within the entry level and soon achieved the first target of 568. (I hope partial profit was booked and stop was adjusted to buying price.) Then it lost steam and fell to range between 558-560 for large part of the day. It then triggered the stop loss of the day which was 555 (if stoploss was not adjusted to buy price.) It ended the day with a loss of -2.35 (-0.42%).

3. Rallis India Ltd.

It reached the buy level of 1387-1388 and then went on to achive all 3 targets with a high of 1435 within the first hour. All targets achieved with a gain of min Rs. 40 per share as per targets given.

4. CESC Ltd.

It reached the buy level and remain range bound. Stop loss was not triggered but it closed in the red with a loss of -1.35 (-0.34%).

5. BGR Energy Systems Ltd.

It reached buy level in early trade then went on to achive target 1 of 832 within first hour of trade. (I hope partial profit was booked and stop was adjusted to buying price.) It then fell and even given stop loss of 520 was triggered in later part of the day. But then it again recovered and ended the day in green.


Overall, not a great but good day with Rallis India Ltd. call rocked and give a very handsome profit. But I still feel it could have been better when market rallied so much.