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HiOnStocks is a platform to track each and every stock recommendation for best stock picks which facilitates buying, selling and tracking of stock and suggest best stock ideas and best stock to buy.

Bangalore, Karnataka, India : Wit Innovation Technologies Pvt. Ltd., a software technology pioneer today announced that it has launched the public beta version of its much talked about online marketplace, HiOnStocks www.HiOnStocks.com). (This is the first-of-its kind platform which will bring transparency to stock market investors. The marketplace will change the landscape of how people take stock tips and recommendations from various sources including business channels. The platform is currently available in India and US and shortly would be made available in more countries.

It’s a common occurrence for people to witness analysts recommending various stocks on different business channels and providing them stock tips. However what we as investors fail to realize is that these recommendations are mostly open ended. Analysts fear to provide any timeframe to the recommendations. Hence the general public gets misguided rather than getting informed with the recommendations on when to buy and when to sell a particular stock.

HiOnStocks is the pioneer in this space where information flow on different stocks is unlimited however there is no tracking mechanism. All the recommendations given by analysts on HiOnStocks are time based and tracked. So if an analyst is giving a stock tip or recommendation he will think twice as his rating may get affected if the recommendation does not perform well. However on the other hand the analysts who consistently provide winning ideas and recommendations are given a higher rating and hence they have a larger no. of subscribers.

Speaking on the occasion of launch, Sachin Garg, Co-Founder and Director-Product Innovation at Wit Innovation Technologies said, “All of us want to make money and a lot of us go to stock markets for it but more often than not we end up losing money there. There are thousands of analysts giving stock advices and we take tips from some of them based on intuition and hope for the best. Now here is a platform which solves this problem. It’s a marketplace where people can buy and sell stock ideas (Not stocks). The beauty of it is that you can track each and every stock idea. Also there are no monthly commitments and pricing is defined by the analysts. The platform itself doesn't give any stock ideas so you can safely say it’s an unbiased platform.”

Analysts can create multiple feeds for markets such as BSE, NYSE etc. They can also create a feed based on the recommendation duration. Several payment options available make it even easier. The value proposition of HiOnstocks is not just limited to this. The Analyst reserves the right to select his or her pricing while providing the recommendations. As a Buyer of stock tips, there is in built protection as all the payments made to analysts are held in the Escrow till the time the number of recommendations promised by them are provided. Buyer can cancel a subscription anytime and his full money gets refunded.

Elaborating further, Vibhor Gupta, Co-Founder and COO at Wit Innovation, feeling very optimistic at the launch of the marketplace, commented “It’s a new concept altogether. It will take some time for people to understand the value proposition of HiOnStocks. However as it will become popular, it will be a defacto-standard used across just like Facebook and Twitter. The analysts who join in Early will definitely reap the benefit of early movers on the platform. HiOnStocks will be pioneer in its space just as the Ebay is.”

With the launch of HiOnStocks, people hooked onto various business channels can now switch off their TV sets to subscribe to recommendations which are time based. The Investment houses who claim to say they have been giving “only” winning ideas to their investors will have a platform to prove that there is indeed truth in what they claim. The world of trading will change for good. It’s a win-win for both analysts and the subscribers as analysts get more customers for their research and ideas and subscribers get more transparency in terms of the past performance of the tips.

About HiOnStocks.com

HiOnStocks is a marketplace for Stock Market Investors and Analysts. Stock Analysts can make money by posting/selling recommendations. At the same time Investors can make money by subscribing to such recommendations. HiOnStocks is not into Advisory services and does not advice its clients on any stock tips or recommendations. It only provides a platform to enable the same.
For more information, please visit www.hionstocks.com

SOURCE: http://www.itnewsonline.com/showbwstory.php?storyid=3994

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SHORT TERM TRADING TIPS - Jagran Prakashan (Rs 137.7): Buy

We recommend a buy in the stock of Jagran Prakashan from a short-term perspective. It is evident from the charts of the stock that it has been on a long-term uptrend, forming higher peaks and troughs from its November 2008 low of Rs 40.5. After taking support at Rs 105 in May 2010, the stock has been on a medium-term up trend as well. Reinforcing the medium-term uptrend, the stock gained 6.5 per cent with above-average volumes on November 9. This up-move has breached its 21 and 50-day moving averages.

The daily relative strength index (RSI) has entered into the bullish zone and weekly RSI is on the brink of entering this zone from the neutral region. Daily price rate of change indicator has entered in the positive territory and weekly indicator is already featuring in positive territory implying buying interest. Our short-term forecast on the stock is bullish.

We anticipate the stock's rally to prolong until it hits our price target of Rs 142 or Rs 146 in the upcoming trading sessions. Traders with a short-term perspective can consider buying the stock with stop-loss at Rs 133.5.

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DAY TRADING TIPS FOR 10.11.2010

DLF: Initiate fresh long position only if DLF climbs above Rs 368 levels with stiff stop-loss.

ICICI Bank: Desist trading in the stock as the near-term stance is cautious.

Infosys: Fresh long position is recommended only if the stock surges above Rs 3,070 levels with fixed stop-loss.

L&T: Make use of dips to buy the stock with stiff stop-loss at Rs 2,160 levels.

ONGC: Utilise rallies to sell the stock while maintaining stiff stop-loss at Rs 1,350 levels.

Reliance Capital: We recommend a sell in the counter with rigid stop-loss at Rs 838 level.

Reliance Communications: Fresh long position can be initiated only if the counter moves above Rs 182 with tight stop-loss.

Reliance Industries: Initiate fresh short position only if RIL slips below Rs 1,094 levels with stiff stop-loss.

SBI: The stock tumbled 4.4 per cent with heavy volume on Tuesday. We recommend sell with tight stop at Rs 3,300 levels.

Nifty Futures: As long as Nifty Futures trades above 6,297 level, the near-term stance is bullish. We recommend a buy with tight stop-loss at 6,297 levels.



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MEDIUM TERM TRADING TIPS - BUY GEOMETRIC

Investors with medium-term perspective can consider buying the stock of Geometric (Rs 73.1), a software and engineering services provider. Since its March 2009 low of Rs 10.5, the stock has been on a long-term uptrend shaping rising peaks and rising troughs.

However, after encountering resistance at Rs 84 this July, the stock started declining and was on a medium-term corrective downtrend. Significant long-term support in the band between Rs 63 and Rs 65 arrested this fall. Thereafter, the stock began moving higher and it decisively penetrated its downtrend line as well as the moving average compression around Rs 68, surging 6 per cent with good volume.

The stock gained 10 per cent last week, reinforcing the bullish momentum.

The 14-day relative strength index has entered the bullish zone and weekly RSI is heading towards this zone in the neutral region.

Daily moving average convergence divergence oscillator has signalled a buy and is on the brink of entering positive territory. The weekly MACD is featuring in the positive territory implying upward momentum. Daily price rate of change indicator is hovering in the positive territory and weekly indicator has just entered this territory resulting in buying interest.

We are bullish on Geometric on a medium-term perspective. The stock has the potential to trend higher to hit our price targets of Rs 80 and then Rs 85 in the approaching weeks.

Investors with medium-term perspective can consider buying the stock with stop-loss at Rs 67.

DAY TRADING TIPS FOR TODAY - 08.11.2010

DLF

Fresh short position can be initiated only if the stock slips below Rs 351 with tight stop-loss.

ICICI Bank

As long as the stock trades above Rs 1255, the near-term stance remains positive. We recommend a buy with stiff stop-loss at Rs 1255 levels.

Infosys

Initiate fresh long position only if Infosys moves beyond Rs 3100 levels with tight stop-loss.

L&T

Fresh short position is recommended only if the stock dives below Rs 2150 levels with tight stop-loss.

ONGC

We recommend a buy in the stock with stop-loss at Rs 1367 levels.

Reliance Capital

Initiate fresh long position if Reliance Capital climbs above Rs 844 with rigid stop-loss.

Reliance Communications

Utilise rallies to sell the stock while maintaining stiff stop-loss at Rs 183 levels.

Reliance Industries

We recommend a buy in the stock with tight stop-loss at Rs 1090 levels.

SBI

The near-term outlook is bullish for the stock. We recommend a buy with tight stop-loss at Rs 3475 levels.

Nifty Futures

As long as Nifty future trades above 6281 levels, the near-term outlook remains bullish for the session. We recommend a buy with tight stop-loss.



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