Action for 4th June'07

MOMENTUM TRADING

1. BEL : If market environment remains positive, Go long with BEL with stoploss 1847.25 with profit target(1) 1900. Add position, if it stays above 1901.25 for some time, and manage position with placement of trailing stoploss.
2. SATYAMCOMP : If it trades above 480.1, Buy SATYAMCOMP for intraday trading with stoploss 466.45 and profit target 495. If it crosses 501, go for position trading with stoploss 445.75 and profit target may be optimised by suitable placement of trailing stoploss.