Sunday, August 12, 2007

Track it!

Trading Strategy/ Banking Stocks

KOTAKBANK: Watch 15 minutes of trading tomorrow and if it trades with positive bias, go long with immediate stoploss of day's low in case of intraday trading. Go for position trading if market shows positive strength and keep stoploss 728.75. Stay invested further if Bank Index takes highly bullish turn with final stop loss 694.95.

Action for 13th August

SWING TRADING

If market bucks the global trend or Asian market trades with positive bias, go long with Punjloyd. Keep stoploss 257.95 and set 1st profit target 301. Optimise profit by placing suitable trailing stoploss.