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.

Some more for 3rd May'07

In Telecom Sector LONG position may be taken in IDEA, if it trades positive with tight stop loss of 110. 85 and add more stocks if it crosses 115.75 with profit target 124.75.

Action on 03/05/2007

Market has made sound recovery after going into red in the morning session particularly due to tumbling of bank and metal stocks.
Some possible action for 3rd May

If overall sentiment remains positive
1. SBIN : Go long if it stays above 1100 with profit target of 1160. Keep stop loss 1098.
2. Infosys : If Dollar continues to appriciate, Go Long with Stop Loss 1992.

If overall sentiment remains negative
1. Hindalco : Go short as long as it trades below 148 with stop loss 149.7 with profit target of 123 if market sentiment remains bearish for next few days.

ACTION ON 30/04/2007

1. NTPC : Buy if opens positive and stay with Stop Loss 154.45. Profit target 174.45 Option trade possible for CA 160

2. GMRINFRA : If opens positive and overall market positive and trades >400, then trade long with stop loss 391.95 and option trade is ossible.

3. SAIL : Buy if opens positive and crosses previous high (134.95) , then stay with Stop Loss 130.95. Profit target 146.40 Option trade possible for CA 135.

4. HINDALCO : Buy if opens positive and crosses previous high (149.5) , then purchase CA 150 with Stop Loss 140.50. Profit target 165.35.

5. SBIN : CALL Option may be purchased if opens positive and stay as long as trades above 1098 with profit target 1199.

Bank Sector

Variuos scripts of Bank Sector have been appriciated of late. Are they worthwhile now to get into portfolio anew. Come on... investor or trader and give your views.

Today's Market

Today's market surrenderred almost all of its gain due to possible announcement on REPO rate by RBI. Now, considering hefty gain in other market specifically in United States, it will be interesting to see erratic behaviour of our maekt. Ensuing expiry of current month may contribute extreme volatility of Indian Share Market. Behaviour of Metal, Auto and Bank Sector should be keenly observed. I have holdings in SBI, HINDALCO and JSTAINLESS.

Interested persons are requested to offer their view and their strategy on the above subjects.

On Line Trading

Popularity of ON LINE TRADING is gathering momentum. While it's an innovative way to make money, many retailers are lossing their wealth in a hurry. So, it's paramount now to make a worthwhile community inviting all retail investors cum traders to come together and share their mutual views and understandings on Indian Share market particularly. It has now become need of the hour to take every steps methodically and strategically.