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.