Nifty is back in buying zone with high quality reversal of the nascent down trend that was getting set for last 5 trading days. 8600 is the key level, below which downside will restart. Nifty may gain 100-150 points more before stalling.
Category Archives: Stock Trading
Bonus Trade: Buy Goldman Sachs (GS) for Target $169
Hi, here is a bonus trade for all our regular website visitors. Buy Goldman Sachs (GS) stock at current market price ($151.75) for $169 as target, and $144 as Stop Loss. This trade can give 11% gain, and its likely to play out in coming 3-4 weeks. Following are the trade details.
Date: 15 March 2016
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Buy at: 152
Target: 169
Stop: 144
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Above 169, the next reliable target is 180. Patient investors can also hold for 180, by booking some profit at 169. We have been actively tracking Goldman Sachs (GS) for over 15 years, since year 2000, and once every 2-3 years, there are some very good buying opportunities in Goldman Sachs (GS). The stock has lost about 35% of its value during its recent correction from $220 to $140.
Please Note: If for any reason, we see a larger correction in the S&P500 in the coming months, then financials will correct further. In such a case, if we get Goldman Sachs (GS) at $100, then it will be a top buy in the entire market, with a reliable upside target of $200 in the next 3 years.
Disclaimer: Alpha Stock Trading will not be responsible for any gains or losses that occur in your trading. Investors/Traders should take their own decisions.
High Yield Bond Market Pressure in 2016
High yield bonds (funded by multiple rounds of QE) will definitely put pressure on the global financial system this year. I believe over $1 trillion of QE went into energy related bonds (in US and Europe), and nobody had thought of $30 oil plus strong US Dollar. Euro and Rupee/INR will be at risk from a stubbornly strong US Dollar. Zero debt companies with substantial earnings in USD like Google, Infosys, McDonalds maybe the safest places in market in 2016. Stay long on USD. Energy and Materials stocks should be handled only by advanced traders. There maybe many sharp corrections and short-covering rallies.