dinesh_hem2000 Says

You can check out BSE website.. There under archives you can find previous days rates etc.. You can find more than just prices on that site.. ratios like P/E, beta, volatility, etc can also be find related to a script.

Lets suppose i need to see history of 13/04/2010 or xx/yy/zzzz - the list of gainers, losers and their move in terms of percentage and real price. Can that happen? I need a website that does this for BSE.

finmark Says

how much useful is technical analysis overall...compared to fundamental analysis..when I was in college..most of the guys said that companies and brokerage firms usually recruit fundamental analysis guys and market technicians are just for supporting their (fundamental analysis guys') view points and that no firm trades solely or majorly based on the news of technical guys..

Markets are not made by either fundamental analysts or technical analysts. Its rather made by the astute call of the investor who bases his decision on both of them equally plus other signs. At the end of the day, its the prerogative of the investor.

Fundamental analysts generally have a more broader expertise in financial and economic areas and understand the psychology of companies.
Technical Analysts are people who NEED to be very good at their technical stuff hence they are most of the time super-specialised or rather have to be super-specialised in their working knowledge of market technicals. Exceptionally good technical analysts will just look at a stock, do their calculations and tell you if its worth the pain.

Its a myriad of opinions, don't bother about all this. do things which naturally come to you. you should only need to know what works best for you and what you believe in.

Need some help.

I need a way to see daily history of the Indian Stock Market from the past.
Stock Market history of Daily gainers and Daily losers (in percentage and real price terms) over a considerable period of time.
Even a paid subscription would do but a free subscription would be preferred.

Would be a great help.

Thanx in Advance.

You can check out BSE website.. There under archives you can find previous days rates etc.. You can find more than just prices on that site.. ratios like P/E, beta, volatility, etc can also be find related to a script.

Need some help.

I need a way to see daily history of the Indian Stock Market from the past.
Stock Market history of Daily gainers and Daily losers (in percentage and real price terms) over a considerable period of time.
Even a paid subscription would do but a free subscription would be preferred.

Would be a great help.

Thanx in Advance.

ABCLIKS Says

Yup, Murphy's book is very informative. But i didnt find it in the book stalls of Mumbai. Where can i get it?

For a fact, very few exceptionally good books you will find in India that pertains to trade. The world renowned books are pretty costly except a few ad most Indian book stores don't take the chance and bring them here.
More often then not I order stuff from outside. Its way much easier and the books are actually worth the money you pay.

finmark Says

how much useful is technical analysis overall...compared to fundamental analysis..

Why not check yourself the trading style of self-made billionaires: Trading Hall of Fame - indiTraders - Forum for the Active Indian Trader

DEVILISHANGEL Says

No one can "tell you" technical analysis. You have to study and find out for yourself.

how much useful is technical analysis overall...compared to fundamental analysis..when I was in college..most of the guys said that companies and brokerage firms usually recruit fundamental analysis guys and market technicians are just for supporting their (fundamental analysis guys') view points and that no firm trades solely or majorly based on the news of technical guys..

Try indiaplaza too. One of the cheapest websites around for ordering books.
Will be a good deal if you have a credit card with a good scheme.

ABCLIKS Says

Yup, Murphy's book is very informative. But i didnt find it in the book stalls of Mumbai. Where can i get it?

ABCLIKS Says

Yup, Murphy's book is very informative. But i didnt find it in the book stalls of Mumbai. Where can i get it?

Try Flipkart.com: Buy Books Online @ Book Store in India: Online Bookstore

finmark Says

I found John J Murphy's book "Technical Analysis of the financial markets" very informative (altho I read only first 100 pages of it)..other than I would recommend Investopedia.com..they have a series of articles on technical analysis..

Yup, Murphy's book is very informative. But i didnt find it in the book stalls of Mumbai. Where can i get it?

finmark Says

I found John J Murphy's book "Technical Analysis of the financial markets" very informative (altho I read only first 100 pages of it)..other than I would recommend Investopedia.com..they have a series of articles on technical analysis..

i am a newbie in intra day trading, but what i always see and have profited from is tht the weak market hypothesis does not work in intra day trading 99% of the time, and i actually made profits from it.

vishnu sharma Says

Dude what you recomend fir reading then.

I found John J Murphy's book "Technical Analysis of the financial markets" very informative (altho I read only first 100 pages of it)..other than I would recommend Investopedia.com..they have a series of articles on technical analysis..

DEVILISHANGEL Says

No one can "tell you" technical analysis. You have to study and find out for yourself.

Dude what you recomend fir reading then.

A Role Model Trader: Deepak Shenoy: About Me | Capital Mind

I know it takes a lot of time.. I have been there done that
But I play on instincts .. Wanted to know if any proven technicals can be used for intraday..
Also I dont like to go by broker's advice...:nono:
So if you have any idea about the technical methods then plz tell.

No one can "tell you" technical analysis. You have to study and find out for yourself.

dinesh_hem2000 Says

Can you give any good links where I can learn them as well as find graphs for Indian stocks in real time?

PM sent...

dinesh_hem2000 Says

Can you share your profile if its fine by you?

huh, profile?

punit.s Says

............................

Can you share your profile if its fine by you?

punit.s Says

............................

Can you give any good links where I can learn them as well as find graphs for Indian stocks in real time?

............................

Get started with some good books:

1. Japanese Candlestick Charting Techniques: Steve Nison
   
2. Technical Analysis: the complete resource for financial market technicians- Pring
   
3. Trading Systems And Methods- Kaufman
   

Feel free to post back here all type of queries regarding TA... you are likely to get many

I know it takes a lot of time.. I have been there done that
But I play on instincts .. Wanted to know if any proven technicals can be used for intraday..
Also I dont like to go by broker's advice...:nono:
So if you have any idea about the technical methods then plz tell.

Anybody does intraday trading here?
If yes, then how do you trade... I mean do you trade based on technicals or just the play on instinct

It's gonna eat lot of your time.
Also for making any significant money the operating costs are considerable... charting service, good broker, lots of screen time.

intraday trading is not for beginners

Some amusement BTW
Ashwani Gujral Complaints
ashwanigujral.com Complaints
ATA, India - Home

I read all the complaints and my god this guy is a thug!
Beware everyone!

Anybody does intraday trading here?
If yes, then how do you trade... I mean do you trade based on technicals or just the play on instinct

If you play on technicals and have good record then which methods do you use.. any useful websites for the same would be appreciated.

I personally dont like Ashwini gujral.. that dude seems a big crook to me..
However there is one guy I admire.. SP Tulsian.. He comes on TV shows and has a website too.. Seems pretty knowledgeable to me

Some amusement BTW
Ashwani Gujral Complaints
ashwanigujral.com Complaints
http://www.taindia.memberlodge.org/

dinesh_hem2000 Says

why its unrealistic.. As there are no risks .. its ideal for retail investors I think..

market netural does not mean absence of risk!
many have misunderstood the concept of arbitrage

In markets if you are not willing to take risk there is nothing better than the risk free return that is what bank gives on savings account

why its unrealistic.. As there are no risks .. its ideal for retail investors I think..
Why would you say huge capital requirements for it ... 3-4 Lacs should be fine to start with I suppose plus the leverage you get from your broker

As far as my knowledge goes, its also illegal in India for a retail investor to automate his/her trades :)
You can only buy such a software if
a)You are a direct exchange member
b)You have a customised platform/trading interface that can take the automated signals and induce trade on your behalf. Since its illegal, No brokerage provides this kind of compatibility.

In my mind, Its good that SEBI has these norms in place because it only caters to speculators and short-time investors, both of which are unwelcoming to any society or its companies. The basic reason for stock market is to infuse wealth in good companies, punish the bad ones, give impetus to growth of good companies and democratise money

Most people take to market for speculation but thats not the most profitable way out because if that were the case then you wouldn't hear about people who live so frugally that they only drive second hand cars pounded by hailstones after being named best fund managers of the world and getting their names in the top of the forbes rich list. Investment is a habit, if you nurture good habits the market will gift you and if you nurture bad ones then the market will punish .

Recently enough, the Dow Jones Industrial Average declined by 998.50 points or 9.2 % which was the highest intraday decline since its inception in May 26, 1896 because of which there was a huge uproar when the markets crashed due to such automated trading triggers which basically tipped automated selling signals on and sent the market down in a spiral, because of the same US-the capitol of capitalism-for the first time in its history is going to test financial market circuit breakers which will stop the trading of a particular share for 5 mins when its price fluctuates by 10% up or down in a 5 minute period.

But what in my mind is not speculation or short-term investing?
Something which you thoroughly understand or can predict (but the mathematical probability of which isn't 100%)
Ex - Forex trading is heavily related to economics and news.
like
a) When Lehman went bankrupt, traders sold off positions in stocks and commodities and had to hide in US treasuries (majorly) so the $ went up.
b) When Bernanke said, the US fed was being too generous in printing money-thereby devaluing the dollar- so the $ went down.

Both the situations were highly predictable and patterned.

As an aside, this is why i reiterate India needs more Economists (and not just engineers) who stay in India (and not chair Harvard or Imperial professor chairs ) to understand the deep implications of such things. Unfortunately, none of that is going to happen anytime soon and atleast the people who understand economics are not much welcome in our MBA society, where as, like i always say, harvard takes in 40% just pure humanities (mostly economics) and 26% pure business grads, about 22% pure science and about 11% engineers-if i divide equally (Don't get me wrong, I don't want to be controversial here).

There is also a big golden rule of the markets, as i see it - Anything that has no risk is either illegal or is of no value

why its unrealistic.. As there are no risks .. its ideal for retail investors I think..
Why would you say huge capital requirements for it ... 3-4 Lacs should be fine to start with I suppose plus the leverage you get from your broker

I was just reading about arbitrage opportunities and heard some software CD's are being sold in the market which will execute trades on your behalf as the opportunities arise... Has anyone heard about this??
As it is automated, it would be much faster than a human.. so greater probability of executing the trade.. as arbitrage opportunities disappear fast

yes, heard a lot about it but you need to have enough surplus of cash + huge heart to really go for it plus its not really recommended for retail investors infact, is it even possible for a retail investor in India? to use automated opportunities in arbitrage? I certainly don't think its reliable enough, what if there is a technical glitch? which is a possibility in the indian trading scene.

I was just reading about arbitrage opportunities and heard some software CD's are being sold in the market which will execute trades on your behalf as the opportunities arise... Has anyone heard about this??
As it is automated, it would be much faster than a human.. so greater probability of executing the trade.. as arbitrage opportunities disappear fast

Directional Trading Styles used by Hedge Funds:

1. Market Neutral - Securities Hedging: Invests equally in long and short equity portfolios generally in the same sectors of the market. Market risk is greatly reduced, but effective stock analysis and stock picking is essential to obtaining meaningful results. Leverage may be used to enhance returns. Usually low or no correlation to the market. Sometimes uses market index futures to hedge out systematic (market) risk. Relative benchmark index usually T-bills. Expected Volatility: Low
   
2. Market Timing: Allocates assets among different asset classes depending on the manager's view of the economic or market outlook. Portfolio emphasis may swing widely between asset classes. Unpredictability of market movements and the difficulty of timing entry and exit from markets adds to the volatility of this strategy. Expected Volatility: High
   
3. Opportunistic: Investment theme changes from strategy to strategy as opportunities arise to profit from events such as IPOs, sudden price changes often caused by an interim earnings disappointment, hostile bids, and other event-driven opportunities. May utilize several of these investing styles at a given time and is not restricted to any particular investment approach or asset class. Expected Volatility: Variable
   
4. Multi Strategy: Investment approach is diversified by employing various strategies simultaneously to realize short- and long-term gains. Other strategies may include systems trading such as trend following and various diversified technical strategies. This style of investing allows the manager to overweight or underweight different strategies to best capitalize on current investment opportunities. Expected Volatility: Variable
   
5. Special Situations: Invests in event-driven situations such as mergers, hostile takeovers, reorganizations, or leveraged buy outs. May involve simultaneous purchase of stock in companies being acquired, and the sale of stock in its acquirer, hoping to profit from the spread between the current market price and the ultimate purchase price of the company. May also utilize derivatives to leverage returns and to hedge out interest rate and/or market risk. Results generally not dependent on direction of market. Expected Volatility: Moderate
   
6. Value: Invests in securities perceived to be selling at deep discounts to their intrinsic or potential worth. Such securities may be out of favour or underfollowed by analysts. Long-term holding, patience, and strong discipline are often required until the ultimate value is recognized by the market. Expected Volatility: Low - Moderate
   

Where did you get that kind of info?

not intended for the general public
............................................................
OK, things always get leaked out

punit.s Says

I have a log of his trades with which he made 1000% return; will try to find out.

Where did you get that kind of info?

Actually during the same time period when he made those surreal trades to win the competition; he lost money in the account of his clients as a fund manager. He was booked by the SEC for misguiding investors with the talk about winning the trading championship :)

Hmm and this is why its very hard to trust traders unless you have traded yourself.

DEVILISHANGEL Says

Nonetheless, the things written in the book don't exactly seem like 1000% return monthly that he seemed to have got over a year or two, Teaching the same to her daughter at age 16-So i hope he writes a better book before he passes away

I have a log of his trades with which he made 1000% return; will try to find out.

Actually during the same time period when he made those surreal trades to win the competition; he lost money in the account of his clients as a fund manager. He was booked by the SEC for misguiding investors with the talk about winning the trading championship :)

Not much impressed, in my teens use to dream about dating his daughter though

Just do google search, tons of books and articles for beginners, from Mr. Williams :)

Actually there is nothing like being a puritan, whether it's about TA or FA, when it comes to trading as business in markets.

Yes, I have seen some of his books but only his "long term secret to short term trading" was nice enough. Others are just recycling this same book. Nonetheless, the things written in the book don't exactly seem like 1000% return monthly that he seemed to have got over a year or two, Teaching the same to her daughter at age 16-So i hope he writes a better book before he passes away, same is true for people like buffet although enough has been write by and for him, he needs to write a definitive guide to markets as he sees it.

Another thing with george soros, Everyone keeps hearing about 1.1 billion he made in one evening in betting against the british pound but not enough people know about his 600 million losses. so absolutely no one is perfect.
an amazing quote by soros- "I'm only rich because I know when I'm wrong... I basically have survived by recognizing my mistakes."

But there is one thing that doesn't change - All most all major investors were either bachelors, masters or phd students in economics and thats no fluke, as i understand it.

Yeah, No Puritans, true.

but a guy called Larry Williams fascinates me, although i don't think he shares his secrets.

Just do google search, tons of books and articles for beginners, from Mr. Williams :)

Actually there is nothing like being a puritan, whether it's about TA or FA, when it comes to trading as business in markets.

"How to Make Money Trading with Charts" by Ashwani Gujral

Ye padh lo. Haan, international standard nahi hai. Par apna market ke liye bahut acchha hai. Newbie ke liye. Bahot sara example diya hai..

Books not all that good.
Examples are retrofitted and even an idiot is a genius in hindsight.
When you look for patterns look for generalised patterns if any.

punit.s Says

"technical analysis" is the most abused, BS and spam phrase used on internet. If you want to know about real TA visit: MTA - Investment Analyst Professionals - Chartered Market Technicians The whole HF industry and worlds billionaire Trading Hall of Fame - indiTraders - Forum for the Active Indian Trader use TA in some form

Ofcourse everyone uses some form of TA but its over-rated by most newbies. Most people who have a proven track record including warren buffet, charles munger, sir john templeton, george soros,
rely much more heavily on fundamental analysis and economics rather than on pure technical analysis (ta).
but a guy called Larry Williams fascinates me, although i don't think he shares his secrets.

A honest advise to all: When it comes to trading strategies, 'redundant information' is equivalent to 'misinformation'; becuase if you bet on redundant information, the market punishes you.

punit.s Says

I can rip off Mr. Gujral, with all due respects If anybody is interested, just tell me

Hahaha I know...! Plz dont do that...!!!. Just said its good for a newbie. We hardly find a good technical analysis book in the context of Indian Market. Better something than nothing...! Aur use padhne me burai kya hai....!

"How to Make Money Trading with Charts" by Ashwani Gujral

I can rip off Mr. Gujral, with all due respects If anybody is interested, just tell me

ankurbipinshah Says

I would love to learn technical analysis need some help

"How to Make Money Trading with Charts" by Ashwani Gujral

Ye padh lo. Haan, international standard nahi hai. Par apna market ke liye bahut acchha hai. Newbie ke liye. Bahot sara example diya hai..

Let me tell you something about technical analysis. Even after you learn it, a lot of the times you have to mix and match between fundamental and technical.

Weirdly, if you look at trading history of some of world's best investors they rely mostly on fundamental analysis rather than on technical analysis and I tend to agree with them more often then not.

I think anyone who really wants to learn finance should ideally start out with economics and the right kind of economics. Its essential to say the least.

"technical analysis" is the most abused, BS and spam phrase used on internet. If you want to know about real TA visit: MTA - Investment Analyst Professionals - Chartered Market Technicians The whole HF industry and worlds billionaire Trading Hall of Fame - indiTraders - Forum for the Active Indian Trader use TA in some form

ankurbipinshah Says

I would love to learn technical analysis need some help

Let me tell you something about technical analysis. Even after you learn it, a lot of the times you have to mix and match between fundamental and technical.

Weirdly, if you look at trading history of some of world's best investors they rely mostly on fundamental analysis rather than on technical analysis and I tend to agree with them more often then not.

I think anyone who really wants to learn finance should ideally start out with economics and the right kind of economics. Its essential to say the least.

ankurbipinshah Says

I would love to learn technical analysis need some help

http://www.pagalguy.com/forum/chit-chat-your-interests/2924-equity-markets-130.html#post2150273
thats the best way I can think of to get started.

I would love to learn technical analysis need some help

I wont say I am a professional but I love intraday :D

If you are doing it profitably for last 1000+ trades, just PM me, you might be up for a surprise

punit.s Says

Intraday trading is strictly for professionals only

I wont say I am a professional but I love intraday :D

n BTW loved your signature(sign of a trader )

Intraday trading is strictly for professionals only

I use Sharekhan n trade both intraday n in futures. While speed etc is good n brokerage is less but the interface is not that user friendly. IDirect is much better in that sense.

I disagree with saurabh n abcliks abt intraday. It may do that but so do matches between India n pak. It is the thrill of making some really quick bucks n beating other people that makes intraday interesting for me. Trading is so thrilling!!!

Anyways its a personal choice.

I think you can visit both Idirect and Sharekhan Centres in ur town and ask for a Demo. It would suffice.
Abt intraday, I dont believe it much. I can say, its against my principles. Earlier when I used to do it, sometimes it has raised my blood pressure . One thing u take it from me, investing for long term, (of course using stop losses) only gives u maximum gain. I hv experienced that and have heard many ppl experiencing that..!

i believe in what this guy i saying... i tried intraday but it used to give me nightmares in DAYTIME....but i did find 3-4 months(mid term period)is a good strategy if u have some exposure of markets previously... initial investments when u are a fresher should be limited to large cap stocks for a long term period..

Hmm, Thank You. Is there any way in which i can get a snap shot of both the trading screens? That would be really helpful.

I generally don't want to trade Intraday but sometimes market conditions are such that some intraday trades do make a lot of sense-just sometimes though.

I think you can visit both Idirect and Sharekhan Centres in ur town and ask for a Demo. It would suffice.
Abt intraday, I dont believe it much. I can say, its against my principles. Earlier when I used to do it, sometimes it has raised my blood pressure . One thing u take it from me, investing for long term, (of course using stop losses) only gives u maximum gain. I hv experienced that and have heard many ppl experiencing that..!

I have a good experience of ICICIdirect. I am not excessive trader. (I dont do intraday and stuff) So speed issue and high brokerage rate issue dont matter much to me.
My good friend has both Idirect and Sharekhan , he feels Idirect is more user friendly. (which is most important at this stage)
About RMoney, I can't comment. But the wrong tips concern is certainly unsolicited. Any Broker's tips can go wrong and following those tips is a sole responsibility of Account holder.

Hmm, Thank You. Is there any way in which i can get a snap shot of both the trading screens? That would be really helpful.

I generally don't want to trade Intraday but sometimes market conditions are such that some intraday trades do make a lot of sense-just sometimes though.

ICICI direct has speed issues if i am not wrong? Also the trading software is web based? The good thing is that if you have an icici account, it must mean hassle free trading, but i have heard complains about buying or selling late. How true is this?

Have you tried ShareKhan? Some how i tend to think share khan is the best? Whats your opinion?

According to brokerage rate, i guess reliance money would win hands down but I am not exactly looking at just cheap stuff like you said. Also, I think reliance money, since its owned by reliance will tip off people wrong-not that i go by tips anyway but still.

I have a good experience of ICICIdirect. I am not excessive trader. (I dont do intraday and stuff) So speed issue and high brokerage rate issue dont matter much to me.
My good friend has both Idirect and Sharekhan , he feels Idirect is more user friendly. (which is most important at this stage)
About RMoney, I can't comment. But the wrong tips concern is certainly unsolicited. Any Broker's tips can go wrong and following those tips is a sole responsibility of Account holder.

@Devilish
What I think is, when one is starting, one should not look at Brokerage rates, they vary only marginally from broker to broker. What should matter is Service and Convenience. In that, I feel ICICIdirect is good (thats what I use)!

ICICI direct has speed issues if i am not wrong? Also the trading software is web based? The good thing is that if you have an icici account, it must mean hassle free trading, but i have heard complains about buying or selling late. How true is this?

Have you tried ShareKhan? Some how i tend to think share khan is the best? Whats your opinion?

According to brokerage rate, i guess reliance money would win hands down but I am not exactly looking at just cheap stuff like you said. Also, I think reliance money, since its owned by reliance will tip off people wrong-not that i go by tips anyway but still.

@Devilish
What I think is, when one is starting, one should not look at Brokerage rates, they vary only marginally from broker to broker. What should matter is Service and Convenience. In that, I feel ICICIdirect is good (thats what I use)!

U need not have big capital to start with. Its not absolute return what matters, but Percentage Return.
Rakesh Jhunjhunwala started with Rs.5000 in 1985 now he owns more than Rs. 5000 Crs. Do follow his Portfolio, his investments and reasonings behind the investments...:)
And when I see his journey in last 25 years, I really pity myself, Why I want to run for those fat pays in IIMs, when one can earn such a money by sitting at home...!
RJ is a Chartered Accountant by Profession but he says, he has wasted 4 yeas of his life doing the degree. ANd he is right, Many successful brokers in the Market dont even have a Graduation...! I think Investing is an ART. And Behind every ART, there is a bit of GOD GIFT...!

Same here buddy, Its just that marketing is my first love a lot and I need to practice my first love too, Thats it but I would be as happy helping out start-ups as big cos so lets see where life takes me.



You will be happy to know that I also see management as much as an art as a science. And I think thats most people miss out on the art side of it, may be people like Nassim Nicholas Taleb can help.

Another reason to love Investing is that It actually is the sum of all that is to understand in business because unless you are a "quants" which i am not. I am more interested in the art than the science primarily because the science is same for all and is very mechanical, its the art that sets us apart warren buffet and charlie munger and george soros and peter lynch and jhunjhunwala had the same info if not less than some others had but its the way they acted that made the difference and thats decision making.

On markets and investing, I would like to quote the famous philosopher Friedrich Nietzsche here - "Those who were seen dancing were thought to be insane by those who couldn't hear the music".
For me this pretty much sums it up :)

U need not have big capital to start with. Its not absolute return what matters, but Percentage Return.
Rakesh Jhunjhunwala started with Rs.5000 in 1985 now he owns more than Rs. 5000 Crs. Do follow his Portfolio, his investments and reasonings behind the investments...:)
And when I see his journey in last 25 years, I really pity myself, Why I want to run for those fat pays in IIMs, when one can earn such a money by sitting at home...!
RJ is a Chartered Accountant by Profession but he says, he has wasted 4 yeas of his life doing the degree. ANd he is right, Many successful brokers in the Market dont even have a Graduation...! I think Investing is an ART. And Behind every ART, there is a bit of GOD GIFT...!

ABCLIKS Says

Yup....GEICO had an investment of Benjamin Graham, father of security Analysis.(Must hav heard abt Graham-Dodd Model...!!) Also he was Godfather of Warren Buffet. WB purchased the company and turned ait around.

Yes, pretty much read all the books pretty early actually. Jus don't have enough of my own money yet to test my own theories yet :D

About Bajaj Finserv, Warren Buffet has always been interested in Insurance Companies. He has huge investments in Insurance biz. And why Bajaj Finserv, it may be bcoz, Bajaj Finserve is FIRST (and I think, only) Indian Private (also listed) insurance Company whose bottomline has become green....!!!! (Or Black as some call it)

Hmm, Good Point.
But I am very excited about the Indian markets. I think its a great place to learn, earn and practice trade now

He Might. If you know that his real money for most of his investments comes from his other brilliant acquisition Gecko and I still remember one of his most famous things he said about that. I paraphrase " Everyone needs a car insurance so what is it that you look for car insurance? You want hassle free service and an insurance thats the cheapest-thats Gecko" - A description why he bought Gecko and he added "Insurance is a business where people have to pay money upfront and that money can serve my liquidity needs anytime anywhere".

One of his brilliant strategic moves - Gecko :)
What he sees in bajaj finserv? We need to read the annual report of the company and understand industry dynamics to understand that I think.

Yup....GEICO had an investment of Benjamin Graham, father of security Analysis.(Must hav heard abt Graham-Dodd Model...!!) Also he was Godfather of Warren Buffet. WB purchased the company and turned ait around.
About Bajaj Finserv, Warren Buffet has always been interested in Insurance Companies. He has huge investments in Insurance biz. And why Bajaj Finserv, it may be bcoz, Bajaj Finserve is FIRST (and I think, only) Indian Private (also listed) insurance Company whose bottomline has become green....!!!! (Or Black as some call it)