Saturday, May 12, 2007

BSE IndustryWise Classification Of The Company

This file contains Industry wise classification of the companies listed in BSE.
It contains more than 6000 companies divided into 109 industries.This file may help you while investing in particular Sector.
Download

Rules of Investment Success

# Invest – don’t trade or speculate.
The stock market is not a casino, but if you move in or out of stocks every time they move a point or two, the market will be your casino. And you may loose eventually or frequently.

# Buy value, not market trends or economic outlook.
Ultimately, it is the individual stocks that determine the market, not vice versa. Individual stocks can rise in a bear market and fall in a bull market. So buy individual stocks not the market trend or economic outlook.

# Buy low. So simple in concept. So difficult in execution.
When prices are high, a lot of investors are buying a lot of stocks. Prices are low when demand is low. Investors have pulled back, people are discouraged and pessimisistic. But if you buy the same securities everyone else is buying, you will have the same results as everyone else.

# There’s no free lunch. Never invest on the sentiment. Never solely on tip.
You would be surprised how many investors do exactly this. Unfortunately there is something compelling about a tip. Its very nature suggests inside information, a way to turn a fast profit.

# Learn from mistakes.
The only way to avoid mistakes is not to invest which is the biggest of all. So forgive yourself for your errors and certainly don’t try to recoup your losses by taking bigger risks. Instead turn into a learning experience.

# Aggressively monitor your investment. Remember, no investment is forever.
Expect and react to change. And there are no stocks that you can buy and forget. Being relaxed does not mean being complacent.

# Never follow the crowd.
If you buy the same securities as other people you will have the same results as other people.It is impossible to produce superior performance unless you do something different from the majority. To buy when others are despondently seeking and to sell when others are greedily buying requires the greatest fortitude and pays the greatest reward.

# Buy during the times of pessimism.
Bull markets are born on pessimism; grow on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy. And the time of maximum optimism is the beset time to sell. In almost every activity of normal life people try to go where the outlook is best. You look for a job in an industry with a good future, or build a factory where the prospects are best. But if you are selecting public traded investments you have to do the opposite. You are trying to buy a share at the lowest possible price in relation to what the corporation is really worth. And there is only one reason a share goes to bargain price: because other people are selling. There is no other reason. To get a bargain price, you have to look where the public is most frightened and pessimistic. The time to buy is when everyone is scared and you are a bit scared yourself.

Disclaimer:

This blog and the opinions/break- outs mentioned therein are for informational purpose only and not a recommendation or an offer or solicitation of an offer to any person with respect to the purchase or sale of the stocks/futures discussed in this report.

I, Ayush Jain , do not accept any liability arising from the use of this blog. The recipient & reader of this material should rely on their own investigations and take professional advice. Subscribers and readers using the information contained herein are solely responsible for their actions and shall not hold the Author liable for any investment decisions/ actions or any other action (including abstaining from action) based on the Content provided. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The information provided is based on the theory of Technical Analysis. All levels mentioned, including break-out, target, stoploss are only informative. Trading and investment in stock market is risky and volatile.

The information here may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior
permission from the author.