Research recommendations-ICICI direct

General
1

Hello all,
I was going through the research recommendations(positional calls only on stocks) of ICICI direct for the last 6 months and found out that close to 60% turns out to be failed trades.And the ones which went positive didn’t yield much profits either.Any one who followed these recommendations ,can you share your experience?

Note: I am against tips and following tips.Just asking this out of curiosity.

Regards,
Sudheer

1 Like
2

Cannot vouch for the accuracy of your results. Going through all recommedations (about 10 each day) and calculating the results is a very tedious task - which probably ICICI bank would have done if it would have worked to their advantage. Anyways - the real rule is 90% investors lose money to 10% investors who make relative difference.

3

Fund houses, media etc must be regulated to track, report every trade & price they quote. I don’t understand how can CLAS, Nomura etc can give such crazy price targets & media channels air it selectively & repeatedly.

4

@abbanerjee I think the word " Investors" should be replaced with “Traders”.

5

What about Nirmal Bang, I have seen some sites claim that he has more than 90% strike rate in small cap stocks prediction, I never go for these kind of recos but those are very alluring and tempting. Investors should be very cautious when investing based on those recos.

6

@haribabu: I think it applies to both but pick what you like.

7

i would like to suggest this post , about recommendations–Sell Calls Gone Awry
Sell Calls Gone Awry

8

Good that you realized this early and going against tips as well following tips. It will save you money. If you really want to make money in stock market in India then follow what is India GDP rate then figure out what are the leading indicators, confirming indicators and then the lagging indicators. Take positions based only on leading indicators and that is what most professional traders, hedge fund managers do and validate this with confirming indicators.

The Media house, TV shows, Financial newspapers not only in India but around the world publish what already happened in the market and they want you to read to their news, believe what they say in terms of producing some colorful report. Retail traders fall pray into that and take positions and provide liquidity to the professional traders who want to get out of the market.

9

Thanks all for pouring in your views.I was with ICICI direct previously and with the amount of tips mails being sent from them i was tempted sometimes to blindly follow ,but some where deep down i didn’t have the guts/satisfactions to go blindly and act upon them.I thank Zerodha a lot for providing various learning opportunities/platforms and helping retails traders get the required edge /knowledge.

Regards,
Sudheer