Tips for 11th June'07

Position/Day Trading

1. PETRONET : If it opens positive i.e above 55.4, go long with stop loss 54.1. Keep profit target 56.8, 58, 59. If it crosses 60 and stays above 59 for some time, go for position trading and keep profit target 65 and stop loss 51.15.
2. AIAENG : If it trades above 1570, buy AIAENG with stop loss 1539.15. Keep profit target 1602.75, 1641, 1682. If AIAENG crosses 1605, go for swing trading with stop loss 1529.25 and profit target 1704, 1751 and 1798.