Delhi Seminar Excerpts:-
Speakers included Mr A K Prabhakar, Navneet Singhal, Dinesh Nagpal, Rohit Mankotia, Abhay Mehrotra and Tanmay G Purohit, each one talking about his own skill sets. Mr Prabhakar talked about his outlook on Indian markets and overall how investors need to avoid traps and make profits consistently. Main aim of the seminar was to make investors empowered to use their own methods for buying/selling decisions and how to look beyond vicissitudes of markets. Be it bull market or bear, there are always opportunities for investing and as investors we need to always look forward for money-making opportunitiesm, we hope the aim was achieved to a great extent:-
Mr A K Prabhakar:-
Prabhakarji talked about his outlook on Indian markets and how he expects Year 2010 to be an year of Midcap stocks. He exemplified SAIL :- how Dinesh Nagpal, a steel trader found attitude change in SAIL and how the approach of the company was changing while handling customers, suddenly he discussed the idea with Mr Prabhakar and Prabhakarji advised buying this PSU steel stock at Rs 40-50 which is now above Rs 250. He explained his predictions about Year 2010 and where can Indian markets be in the next 5-6 years. He also explained very easily the big story called India and how this country can grow even with so many problems. What can be pitfalls in investing here, what care needs to be taken while investing in any kind of equity stocks? His main focus was about stock-picking skills and even in bad times how to find the best of the lot.
Navneet introduced all of the participating speakers and he himself is a Chartered Accountant who has great interest in stock market analysis also. He showed the crowd how even the simplest tools in Technical Analysis could have helped an investor from the fall in 2008, how the opportunity for investing could have been grabbed in early 2009 for buying also. He also explained why Ranbaxy was a sell even after Dai-Ichi Sankyo deal price was more than 40% above market price at that time and similarly why it became a buy around Rs 250. When many were bearish about telecom stocks how there was an opportunity for buying in Bharti Airtel and why the stock outperformed after that. As all know, Navneet was the organizer of the seminar and it was conducted very well in my view.
A businessman from Kolkatta but has great belief in studying markets and making money through that! He explained about some great stories in the making in individual stocks and how one can take full benefit of them. Dinesh talked about many stocks from Power, Infrastructure, Agriculature, Financial sectors and how one can take benefit from the budget-related stocks. Very openly and in a straight-forward way he talked about what the main pitfalls of investors are and how consistent yearly returns are better than blidnly going after multi-bagger stocks.
Rohit explained the crowd about using Elliot Wave to our benefits and how the wave structure can be analyzed. He explained the types of charts and why he feels bar charts are great for analyzing along with Candlesticks. Rohit was bang-on point when he explained in the easiest way how Elliot Waves can be used for day-to-day trading decisions, what is to be focused the most from Elliot Wave Analysis for day-traders was his main focus of explanation and he showed us all true examples of how he used very basic principles for trading.
Abhay is a commodity trader and very much focused on his principles of trading. His stress was on Discipline in trading and how indisciplined traders fail. He explained the use of oscillators like MACD, RSI to use in trading and talked about how Gold can be used for trading. Also he explained how even small stops can be sufficient to trail positions and take full benefit of the intraday trend.
Tanmay G Purohit:-
Tanmay talked about both Technical Analysis and Fundamental Analysis where he stressed on a need for Techno-Fundamental approach. He started with patterns in Technical analysis and how traditional analysis can be clubbed with Elliot waves to arrive at investing decisions. The focus was on detecting the patterns in the most easiest way and how to find price targets through simple techniques with real-life examples. In Fundamental Analysis, he talked about reading the balance sheet and what are the vital numbers to analyze when it comes to fundamentals. Also he showed how a casual walk in a city also can be a way to analyze fundamentals and why Fundamentals are not just about reading balance sheets or accounting statements, how a vision can be developed for investing and how to find next winning stories.