Have you noticed the so called Stock Analysts on CNBC?

I watch Technical Analysts like Ashwani Gujral on CNBC and when Nifty is at 4500 levels, he predicts:
"Nifty has a lower resistance support at 4350, if Nifty breaks this level then the next resistance is at 4200.
However if the Nifty crosses 4650, you can very well see the next resistance level at 4800."
Wow, what a genius!

Yes sir, it is because he is just another analyst like you and me. He is not God to say market will only move up today or say market will only go down today. :thumb:

Agreed, but we don't need an Analyst to tell us that market would be + or - 500 points in the short run

Ashwini Gujral suggested 4-5 days back that TCS will go down to 480-500 . it is at 560 today.

He suggested to buy Unitech yesterday when it had hit upper BB and it had to come down. It is 1.5 rs down today.

Hitendra Vasudeo suggested Unitech for Yesterday day trading. Buy at 112 and sell at 118-126. it did not cross 115.2 yesterday.

They ignored BB, i dont know why.

Never take Ashwini Gujral's advice, he advices based on his own interests

All CNBC analyst including S P Tulsian works for the companies i guess..as if they are paid.....Some Gil who used to come for gul tulsian show..atleast used to make sense but now he comes on other channels

Though not many prefer Have any guy from u have heard about rajesh tambe who comes on Zee Business(Hindi channel) on monday morning 10 to 11 i guess and thursday at 1 to 2....(sorry my cable operter have removed that channel so time might differ if i m wrong).....Atleast he makes some sense..but he is not a technical analyst....but other technical analyst like mb singh also looks good...i had asked abt ranbaxy to him when it was 164 and my buy price was 284....thinking to book lost....he said atleast wait till 250 even if u want to book lost..........than i thght i better sell it after 1 year which complete on 29th of this month and see i might book profit now

You definitely cant blame Gujral
He cant be right 100% of the time else everybody would be trading his words
There is a saying
"Most psychiatrists or analysts are a waste of time”
and
If stock market experts were so expert, they would be buying stock, not selling advice.”

Well if they can't make a correct prediction 50% of the time, they shouldn't be on TV giving tips.

Money in the market is made only by system trading and discipline to adhere to the system. You can take any stock advisory as a system too. Back test his predictions, paper trade his current predictions for some time, then put a small amount of money on his predictions before putting a big amount on his calls. Take all his calls like you would take all calls generated by a system and then come to a conclusion about his predictions.

The stock advisory tend to highlight their winning trades and the people who lost money highlight their losing trades. Both are biased. If we take it as a system and trade it then we will know the actual result. Unfortunately we have to pay for their advisory. That is the cost for testing this system.

This thread was started long time ago, check this out who-is-worst