POSITION/DAY TRADING
SBIN : Go long if it opens positive i.e. above 1324 and add position further, if it goes above 1330, with stop loss 1319 (for intraday) and 1297 (for position trading). Profit target (1) 1342, target(2) 1350, target(3) 1361 and maximum target 1400 for position traders.
TATASTEEL : Go long if it trades above 633.5 with stop loss 617.85 and Profit target (1) 638, target(2) 651, target(3) 661. Position may be increased if it crosses 639.25.
Wednesday, May 30, 2007
Sunday, May 27, 2007
Strategy for 28th May'07
Position/Day Trading
IDFC : Go long if it goes above 113.5 and stays some time, with stop loss 110.50 for intraday trading and 106.85 for position trading. Profit target(1) 115.05, target(2) 119.15. If it goes above 119.5, then take it in delivery for short/medium term.
BHARTARTL : Go long if market environment remains positive and as long as it stays above 820 and maintain stop loss 799.75. First profit target 837. If it crooses 838 i.e. previous day high, add position further and go for next profit target 866. Either intraday or swing trading may be done looking at overall market sentiment.
IDFC : Go long if it goes above 113.5 and stays some time, with stop loss 110.50 for intraday trading and 106.85 for position trading. Profit target(1) 115.05, target(2) 119.15. If it goes above 119.5, then take it in delivery for short/medium term.
BHARTARTL : Go long if market environment remains positive and as long as it stays above 820 and maintain stop loss 799.75. First profit target 837. If it crooses 838 i.e. previous day high, add position further and go for next profit target 866. Either intraday or swing trading may be done looking at overall market sentiment.
Wednesday, May 23, 2007
Strategy for next session
MOMENTUM TRADING
AIAENG: Go long with AIAENG and ride with momentum with stop loss 1455.75 and add position if it stays above 1503. Profit target 1524.25, 1548.75, 1578. Profit should be optimised with judicious utilisation of trailing stop loss.
AIAENG: Go long with AIAENG and ride with momentum with stop loss 1455.75 and add position if it stays above 1503. Profit target 1524.25, 1548.75, 1578. Profit should be optimised with judicious utilisation of trailing stop loss.
Tuesday, May 22, 2007
Action for 23rd May'07
Market continues to make new high, World market showing no sign of weakness, go long with every opportunity of correction even on intraday basis, but always maintaining stop loss.
Position trade/Day Trade
1. Buy TVSMOTOR and take position if it stays above 63.00 with stop loss 61.85 and profit target(1) 68.00 and target(2) 70.00
2. Buy ABIRLANUVO, if it stays above 1265 with stop loss 1244.25 and profit target 1315. Profit potential may be optimised with intelligent use of trailing stop loss.
Position trade/Day Trade
1. Buy TVSMOTOR and take position if it stays above 63.00 with stop loss 61.85 and profit target(1) 68.00 and target(2) 70.00
2. Buy ABIRLANUVO, if it stays above 1265 with stop loss 1244.25 and profit target 1315. Profit potential may be optimised with intelligent use of trailing stop loss.
Thursday, May 17, 2007
Tested Strategy of Market
Pl visit this link STRATEGY and comment. Exchange of views is cordially invited.
Tuesday, May 15, 2007
Strategy for 16th May'07
If market environment stays with negative bias.............
CIPLA: Go short if opens negative with stop loss 213.45 and keep profit target (1) 208.85 and profit target (2) 206.25 and target (3) 201.20.
If market environment continue with positive bias go for momentum trading.............
BHEL: Go long if it stays above 2500 with stop loss 2483 and profit target (1) 2570, target (2) 2590.
CIPLA: Go short if opens negative with stop loss 213.45 and keep profit target (1) 208.85 and profit target (2) 206.25 and target (3) 201.20.
If market environment continue with positive bias go for momentum trading.............
BHEL: Go long if it stays above 2500 with stop loss 2483 and profit target (1) 2570, target (2) 2590.
Monday, May 14, 2007
Tips for 15th May'07
Day Trade
BANKRAJAS: Trade long if it stays above 52.75 with stop loss 51.85 and profit target(1) 54.75 and target(2) 56.5. However, trade should be avoided or observed cautously if overall Bank Sector remains weak.
SBIN: Trade long if it stays above 1201.75 with stop loss 1196.75 and profit target(1) 1212.75, 1233.
Trade SBIN short if it goes below 1196.5 with stop loss 1204.15 and profit target(1) 1181.25, target(2) 1167.
BANKRAJAS: Trade long if it stays above 52.75 with stop loss 51.85 and profit target(1) 54.75 and target(2) 56.5. However, trade should be avoided or observed cautously if overall Bank Sector remains weak.
SBIN: Trade long if it stays above 1201.75 with stop loss 1196.75 and profit target(1) 1212.75, 1233.
Trade SBIN short if it goes below 1196.5 with stop loss 1204.15 and profit target(1) 1181.25, target(2) 1167.
Sunday, May 13, 2007
Some more for 14th May'07
Market may open positive and would continue showing strength.
ZEEL : Trade long if it stays above 280 with profit target(1) 299 and target (2) 303 and stop loss 269.5. Profit may be optimised by adopting incremental stop loss.
VOLTAS : Trade long if it opens positive and add further if it crosses 93.6 with stop loss 89.75. Profit target (1) 96.5, target (2) 98.5.
VIJAYABANK : Swing trade long on Vijayabank with stop loss 45.85 and profit target (1) 49.75, target (2) 52. Position may be incresed if it crosses 54 and trade should be managed with trailing stop loss.
ZEEL : Trade long if it stays above 280 with profit target(1) 299 and target (2) 303 and stop loss 269.5. Profit may be optimised by adopting incremental stop loss.
VOLTAS : Trade long if it opens positive and add further if it crosses 93.6 with stop loss 89.75. Profit target (1) 96.5, target (2) 98.5.
VIJAYABANK : Swing trade long on Vijayabank with stop loss 45.85 and profit target (1) 49.75, target (2) 52. Position may be incresed if it crosses 54 and trade should be managed with trailing stop loss.
Market on 14th May'07
Bank to enter private equity, venture capital. The State Bank of India (SBI), India’s biggest lender, plans to raise Rs 15,000 crore within the current financial year to bolster capital and meet the growing credit demand. : Courtesy Business Standard
State Bank of India (SBI) has informed BSE that the meeting of the Central Board of the Bank held on May 12, 2007, inter alia, has declared a dividend of Rs 14 per share for the year ended March 31, 2007. : Courtesy Bombay Stock Exchange.
Strategy on SBI : Take position on SBI as long as it trades above 1150 with stop loss 1108 and profit target (1) 1250 and target (2) 1300. Further position may be added if it continues to trade above 1200 more than two days.
Strategy on SAIL : If metal sector shows strength then swing tarde on SBI if it stays above 135 with profit target 144 and stop loss 132. Position may be increased on closing basis if trade crosses 144.4.
State Bank of India (SBI) has informed BSE that the meeting of the Central Board of the Bank held on May 12, 2007, inter alia, has declared a dividend of Rs 14 per share for the year ended March 31, 2007. : Courtesy Bombay Stock Exchange.
Strategy on SBI : Take position on SBI as long as it trades above 1150 with stop loss 1108 and profit target (1) 1250 and target (2) 1300. Further position may be added if it continues to trade above 1200 more than two days.
Strategy on SAIL : If metal sector shows strength then swing tarde on SBI if it stays above 135 with profit target 144 and stop loss 132. Position may be increased on closing basis if trade crosses 144.4.
Tuesday, May 8, 2007
Action for 9th May'07
Market most probably will remain weak. If global cues stays weak, our market even would open gap down. In this aspect, some action may be taken with strict adherence to stop loss.
1. BALRAMCHINI: Go short if trades below 63.1 with stop loss 63.9 and profit target 61.35.
2. SBIN : Go short if it trades below 1095 with stop loss 1108 and profit target (1) 1079 and target (2) 1055
If market gets support at down level....
1. IDEA : Go long if it trades above 113 with stop loss 112.35 and profit target (1) 115.8 and target (2) 117.15
2. SAIL : As long as it trades above 135, go long with profit target(1) 138.5 and target (2) 144 and stop loss 132.
1. BALRAMCHINI: Go short if trades below 63.1 with stop loss 63.9 and profit target 61.35.
2. SBIN : Go short if it trades below 1095 with stop loss 1108 and profit target (1) 1079 and target (2) 1055
If market gets support at down level....
1. IDEA : Go long if it trades above 113 with stop loss 112.35 and profit target (1) 115.8 and target (2) 117.15
2. SAIL : As long as it trades above 135, go long with profit target(1) 138.5 and target (2) 144 and stop loss 132.
Monday, May 7, 2007
Tips for 8th May'07
Day Trade
TVSMOTOR : Go long if trade above 64 with stop loss 61.75 and profit target 67.25. Profit may be optimised with the use of trailing stop loss.
POLARIS : Go short if trade stays below 166 with stop loss 168.1 and profit target (1) 163.1 and target (2) 155.
TVSMOTOR : Go long if trade above 64 with stop loss 61.75 and profit target 67.25. Profit may be optimised with the use of trailing stop loss.
POLARIS : Go short if trade stays below 166 with stop loss 168.1 and profit target (1) 163.1 and target (2) 155.
Sunday, May 6, 2007
Some more for 7th May'07
Position Trade
VSNL : If trade stays above 450, position may be taken for medium term with profit target of 509 with stop loss 430.
Day Trade
VSNL : 1. If it trades above 450, go long with stop loss 444.15 and position may be increased if it goes above 455 [swing high]. Profit may be optimised by managing the trade with trailing stop loss.
2. If overall market sentiment is weak, then go short with stop loss 455 and profit target 445. Position may be increased if VSNL goes below 444 and manage the trade with trailing stop loss with ultimate target of 431.
VSNL : If trade stays above 450, position may be taken for medium term with profit target of 509 with stop loss 430.
Day Trade
VSNL : 1. If it trades above 450, go long with stop loss 444.15 and position may be increased if it goes above 455 [swing high]. Profit may be optimised by managing the trade with trailing stop loss.
2. If overall market sentiment is weak, then go short with stop loss 455 and profit target 445. Position may be increased if VSNL goes below 444 and manage the trade with trailing stop loss with ultimate target of 431.
Saturday, May 5, 2007
Tips for 7th May'07
Day Trade
PUNJLLOYD: If trades break out above 196 with volume and stays for some time, then go long with profit target 210 and stop loss 193.10.
If market shows weakness, then reverse trade is possible if it trades below 193 with profit target 183.5 with stop loss 196.5
PUNJLLOYD: If trades break out above 196 with volume and stays for some time, then go long with profit target 210 and stop loss 193.10.
If market shows weakness, then reverse trade is possible if it trades below 193 with profit target 183.5 with stop loss 196.5
Friday, May 4, 2007
Market for next week
US Market is creating new high almost every day. Metal, Bank, IT sectors are in positive mood. Though traders are confused or cautous rather to take fresh position fearing May Crash sooner than later, market is slated for touching previous high. However, morning session on Monday will be interesting to watch and Global Cues, mainly Asian Market would have bearing on the early direction of our market.
So, friends, make your own study this weekend and take bold step to extract gain from the market next week.
Traders cum Investors are requested to participate and make comments to help me in enriching this blog.
Thursday, May 3, 2007
Tips for 4th May'07
POSITION TRADE
1. BHARTIARTL: Take position as long as it trades above 820 with profit target of 898 and stop loss 799.25. Trade must be sqared off if Nifty/Sensex closes red after touching new high.
2. GNFC : Trade long if it stays above 100 with profit target of 108 and stop loss 95.10.
DAY TRADE
1. SAIL: If trades above 135, the go long with stop loss 131.75, profit target 144.1, add further if trade further crosses 144.5 with stop loss 135.
2. SBIN : Go long if it trades above 1128 with stop loss 1115.75 and profit target should not be less than 1151.
1. BHARTIARTL: Take position as long as it trades above 820 with profit target of 898 and stop loss 799.25. Trade must be sqared off if Nifty/Sensex closes red after touching new high.
2. GNFC : Trade long if it stays above 100 with profit target of 108 and stop loss 95.10.
DAY TRADE
1. SAIL: If trades above 135, the go long with stop loss 131.75, profit target 144.1, add further if trade further crosses 144.5 with stop loss 135.
2. SBIN : Go long if it trades above 1128 with stop loss 1115.75 and profit target should not be less than 1151.
Tuesday, May 1, 2007
Some more for 3rd May'07
In Telecom Sector LONG position may be taken in IDEA, if it trades positive with tight stop loss of 110. 85 and add more stocks if it crosses 115.75 with profit target 124.75.
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