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.