My 2 stock pick for this week (13th to 18th Nov 2017 )

Buy LIC Housing Finance at CMP 587 for TGT of 680 and 700 with SL of 560.

Reason :

1. RSI is showing strength and giving 2nd signal support at 30 level.

2. 560 is major historical support level

Sell Naukri.com stock at CMP 1196 for TGT of 1092 and 1056, 1000

Reason :

1. RSI is going down from 70 level can touch 50-40 very soon.

2. Double top selling pattern is confirmed selling signal.

Note: Post is only for education purpose kindly invest at your own risk.

What is Beta of Stock? What is Beta of Nifty 50.Why a Investor / Trader know about it.

Beta is a volatility symbol of a stock in the comparison of the market volatility. If you investing in stock market then you must know the beta of the company. So that we can hedge our positions if any worst condition in the market using Future or Options of the securities. Nifty Beta we assume 1, so if the stock beta is more than 1 stock will perform more than Nifty both conditions up and down. If the beta of the stock is less than Nifty then stock will underperform as compare to Index. Trader must select the high beta stock because he earn from swing trading.

Nifty 50 Stock Beta List

v
Sr. No. Company Name Beta
1. HDFC BANK LTD. 0.8
2. HOUSING DEVELOPMENT FINANCE CORPORATION LTD. 1
3. I T C LTD. 1.0
4. RELIANCE INDUSTRIES LTD. 0.8
5. INFOSYS LTD. 0.5
6. ICICI BANK LTD. 1.6
7. LARSEN & TOUBRO LTD. 1.1
8. TATA CONSULTANCY SERVICES LTD. 0.5
9. KOTAK MAHINDRA BANK LTD. 0.8
10. STATE BANK OF INDIA 1.4
11. MARUTI SUZUKI INDIA LTD. 1.3
12. AXIS BANK LTD. 1.3
13. TATA MOTORS LTD. 1.8
14. HINDUSTAN UNILEVER LTD. 0.6
15. INDUSIND BANK LTD. 1.2
16. MAHINDRA & MAHINDRA LTD. 1.1
17. SUN PHARMACEUTICAL INDUSTRIES LTD. 0.7
18. YES BANK LTD. 1.5
19. BHARTI AIRTEL LTD. 0.7
20. ASIAN PAINTS LTD. 1.1
21. HCL TECHNOLOGIES LTD. 0.5
22. HERO MOTOCORP LTD. 1.1
23. POWER GRID CORPORATION OF INDIA LTD. 0.8
24. VEDANTA LTD. 1.8
25. OIL & NATURAL GAS CORPORATION LTD. 0.6
26. ULTRATECH CEMENT LTD. 1.3
27. INDIAN OIL CORPORATION LTD. 1.2
28. NTPC LTD. 0.8
29. BAJAJ AUTO LTD. 0.9
30. TATA STEEL LTD. 1.7
31. EICHER MOTORS LTD. 1.3
32. INDIABULLS HOUSING FINANCE LTD. 1.2
33. BHARAT PETROLEUM CORPORATION LTD. 0.9
34. WIPRO LTD. 0.4
35. DR. REDDY'S LABORATORIES LTD. 0.4
36. COAL INDIA LTD. 0.6
37. ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD. 1.8
38. CIPLA LTD. 0.6
39. HINDALCO INDUSTRIES LTD. 1.7
40. ZEE ENTERTAINMENT ENTERPRISES LTD. 1.3
41. BHARTI INFRATEL LTD. 0.7
42. LUPIN LTD. 0.8
43. TECH MAHINDRA LTD. 1.0
44. GAIL (INDIA) LTD. 0.8
45. BOSCH LTD. 1.1
46. AUROBINDO PHARMA LTD. 1.4
47. AMBUJA CEMENTS LTD. 1.4
48. BANK OF BARODA 1.6
49. TATA POWER CO. LTD. 1.0
50. ACC LTD. 1.3
51. TATA MOTORS LTD DVR 1.7

Notes: Beta calculated for the the trailing 12 months. Beta measures the degree to which any portfolio of stocks is affected as compared to the effect on the market as a whole.

Top 10 books of Stock Market which Every Investor must read before Investment.

1. The Intelligent Investor

2. Common Stocks & Uncommon Profits

3. Reminiscences of a Stock Operator

4. Beating the Street

5. Common Sense oon Mutual Fund

6. Reminiscences_of_a_Stock_Operator_Jesse_Livermore

7. Secrets_Of_The_Millionaire_Mind_Ebook_-_Mastering_the_Inner_Game_of_Wealth_(T_Harv_Eker)

8. John J Murphy - Charting Made Easy

9. John J Murphy - Technical Analysis Of The Financial Markets

10. Billion Dollar Mistake

Employers Corner