Trading Update (posted from my sister blog)

So these are my picks for the coming few months. As usual, disclaimers apply, I'm not a qualified analyst and if you follow these picks you do so at your own risk. Stock investing is high risk and only sometimes a high return strategy.

Wokay, here goes!

IFCI.
Man. This stock had already given me 60% gains like no tomorrow. I sold it at 100 and bought at lower levels. Its basically a loss making 'bank' but it has a LOT of valuable assets and are looking for a buyer for the said assets. It was a bargain when it was priced a few months ago at Rs. 10-15, and many folks queued up; but now its share price is hovering around Rs. 80-90-100 so these buyers are shying away. Anyways, that's the news on IFCI.

Target: 100-125 in 1 month.
Bought at Rs. 90.25. Foolishly bought at such a price. Ideal price is around 75.

PRAJ INDUSTRIES.
My darling stock. I tell you, I would trade a night with any hot chick for 100 shares of Praj. Long story made short, it manufactures Ethanol, and this fits in nicely with the Govt. plans of compulsory blending of petrol with Ethanol.
Current Price: Rs.208.
Buy at 190-200 levels. Blind buy below 190. :)

HINDALCO
Yeah. I've been holding these shares for 1 year. I wasn't able to get rid of it before its Novelis acquisition and so I was stuck and didn't want to book loss. No matter, I got some dividends and now the stock is back to my buying price which was 198. I feel it will rise like TATA STEEL did.

Currently, Hindalco is expensive. But it is on an uptrend, with solid fundamentals and its a good long term pick, albeit looking a bit slow. I wouldn't recommend a buy at these levels, but Rs. 170-177 looks nice.

KS OILS
Yo. These folks are trading at the 70-85 range. Manufacturers of vegetable based oils, show good results. Buy at around 70, sell at 80-85 for short term gains. Medium term target: Rs.100.

PETRONET LNG
Medium term. Bought last week at 78. CMP 82. Target Price 87-91.

IKF
Stock saw good momentum on news of Biodiesel producion. That was when I bought it at Rs. 7.95 but now it has crashed to Rs. 5.5. Very unpredictable stock, I am stuck with it at this level. If you believe in the Biodiesel story, get it at 5.2-5.4. Else chuck it, go for Praj.

TELEDATA INFORMATICS
Hmm. These folks are trading at around 64 levels. I suggest a buy at 60-64. Demerger into3 companies on 15 November. Short-Medium term target Rs.100

GMR INFRA
Buy, Buy, Buy. Buy at 150 levels. Blind Buy below 145. For details read any financial magazine with a story on GMR you'll know what I mean.

TANLA SOLUTIONS
Fantastic Company. Buy at 570-580. Target Rs. 800 in 6 months.

RELIANCE INDUSTRIAL INFRASTRUCTURE LIMITED (RIIL)
Daily hits upper circuit :) I got it at Rs. 2834 each. No target. Just keep for 6 months.

RPL
Oh, RPL. You know, if I wanted to trade in the stock market only for the money, I would have sold all my other stocks and had invested my entire money in RPL. I had bought it at IPO (Rs. 60) Averaged a little later at Rs.75, held for a year and the price is now 204. It's still good picking. My advice: Whenever you have free cash lying around, buy RPL.

Other picks based on Fundamentals but high risk stocks:
IQMS Soft: Bought at 2.95
PROTO INFOSYS: Bought at 3.10

Happy Trading! Repeat: Don't go by what I said.. the above post is for informational purpose only!