Sunday, June 10, 2007

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.

Saturday, June 9, 2007

Vir Sanghvi, Editorial Director, Hindustan Times

ON CALCUTTA

Most modern Indian cities strive to rise above ethnicity. Tell anybody who lives in Bombay that he lives in a Maharashtrian city and (unless of course, you are speaking to Bal Thackeray) he will take immediate offence. We are cosmopolitan, he will say indigenously. Tell a Delhiwalla that his is a Punjabi city (which, in many ways, it is) and he will respond with much self-righteous nonsense about being the nation's capital, about the international composition of the city's elite etc. And tell a Bangalorean that he lives in a Kannadiga city and you'll get lots of techno-gaff about the internet revolution and about how Bangalore is even more cosmopolitan than Bombay.

But, the only way to understand what Calcutta is about is recognize that the city is essentially Bengali. What's more, no Bengali minds you saying that. Rather, he is proud of the fact. Calcutta's strengths and weaknesses mirror those of the Bengali character. It has the drawbacks: the sudden passions, the cheerful chaos, the utter contempt for mere commerce, the fiery response to the smallest provocation. And it has the strengths (actually, I think of the drawbacks as strengths in their own way). Calcutta embodies the Bengali love of culture; the triumph of intellectualism over greed; the complete transparency of all emotions, the disdain with which hypocrisy and insincerity are treated; the warmth of genuine humanity; and the supremacy of emotion over all other aspects of human existence.

That's why Calcutta is not for everyone. You want your cities clean and green; stick to Delhi. You want your cities, rich and impersonal; go to Bombay . You want them high-tech and full of draught beer; Bangalore's your place. But if you want a city with a soul: come to Calcutta.

When I look back on the years I've spent in Calcutta - and I come back so many times each year that I often feel I've never been away - I don't remember the things that people remember about cities. When I think of London , I think of the vast open spaces of Hyde Park . When I think of New York , I think of the frenzy of Times Square . When I think of Tokyo , I think of the bright lights of Shinjiku. And when I think of Paris , I think of the Champs Elysee. But when I think of Calcutta , I never think of any one place. I don't focus on the greenery of the maidan, the beauty of the Victoria Memorial, the bustle of Burra Bazar or the splendour of the new Howrah 'Bridge'. I think of people. Because, finally, a city is more than bricks and mortars, street lights and tarred roads. A city is the sum of its people. And who can ever forget - or replicate - the people of Calcutta?

When I first came to live here, I was told that the city would grow on me. What nobody told me was that the city would change my life. It was in Calcutta that I learnt about true warmth; about simple human decency; about love and friendship; about emotions and caring; about truth and honesty. I learnt other things too. Coming from Bombay as I did , it was a revelation to live in a city where people judged each other on the things that really mattered; where they recognized that being rich did not make you a better person - in fact, it might have the opposite effect . I learnt also that if life is about more than just money, it is about the things that other cities ignore; about culture, about ideas, about art, and about passion. In Bombay , a man with a relatively low income will salt some of it away for the day when he gets a stock market tip. In Calcutta , a man with exactly the same income will not know the difference between a debenture and a dividend. But he will spend his money on the things that matter. Each morning, he will read at least two newspapers and develop sharply etched views on the state of the world. Each evening, there will be fresh (ideally, fresh-water or river) fish on his table. His children will be encouraged to learn to dance or sing. His family will appreciate the power of poetry. And for him, religion and culture will be in inextricably bound together.

Ah religion! Tell outsiders about the importance of Puja in Calcutta and they'll scoff. Don't be silly, they'll say. Puja is a religious festival. And Bengal has voted for the CPM since 1977. How can godless Bengal be so hung up on a religions festival? I never know how to explain them that to a Bengali, religion consists of much more than shouting Jai Shri Ram or pulling down somebody's mosque. It has little to do with meaningless ritual or sinister political activity.

The essence of Puja is that all the passions of Bengal converge: emotion, culture, the love of life, the warmth of being together, the joy of celebration, the pride in artistic ex-pression and yes, the cult of the goddess.

It may be about religion. But is about much more than just worship. In which other part of India would small, not particularly well-off localities, vie with each other to produce the best pandals? Where else could puja pandals go beyond religion to draw inspiration from everything else? In the years I lived in Calcutta, the pandals featured Amitabh Bachchan, Princes Diana and even Saddam Hussain! Where else would children cry with the sheer emotional power of Dashimi, upset that the Goddess had left their homes? Where else would the whole city gooseflesh when the dhakis first begin to beat their drums? Which other Indian festival - in any part of the country - is so much about food, about going from one roadside stall to another, following your nose as it trails the smells of cooking?

To understand Puja, you must understand Calcutta. And to understand Calcutta , you must understand the Bengali. It's not easy.

Certainly, you can't do it till you come and live here, till you let Calcutta suffuse your being, invade your bloodstream and steal your soul. But once you have, you'll love Calcutta forever. Wherever you go, a bit of Calcutta will go with you. I know, because it's happened to me. And every Puja, I am overcome by the magic of Bengal. It's a feeling That'll never go away.

Saturday, June 2, 2007

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.

Friday, June 1, 2007

Tips for 1st June'07

If market environment remains negative............
  1. Go short with HINDLEVER with stop loss 205.5 with profit target(1) 199.45, target(2) 198.45. Profit may be optimised, if it goes down below 198 with suitable placement of trailing stoploss.

Wednesday, May 30, 2007

Today's market tips

POSITION/DAY TRADING

SBIN : Go long if it opens positive i.e. above 1324 and add position further, if it goes above 1330, with stop loss 1319 (for intraday) and 1297 (for position trading). Profit target (1) 1342, target(2) 1350, target(3) 1361 and maximum target 1400 for position traders.

TATASTEEL : Go long if it trades above 633.5 with stop loss 617.85 and Profit target (1) 638, target(2) 651, target(3) 661. Position may be increased if it crosses 639.25.

Sunday, May 27, 2007

Strategy for 28th May'07

Position/Day Trading

IDFC : Go long if it goes above 113.5 and stays some time, with stop loss 110.50 for intraday trading and 106.85 for position trading. Profit target(1) 115.05, target(2) 119.15. If it goes above 119.5, then take it in delivery for short/medium term.

BHARTARTL : Go long if market environment remains positive and as long as it stays above 820 and maintain stop loss 799.75. First profit target 837. If it crooses 838 i.e. previous day high, add position further and go for next profit target 866. Either intraday or swing trading may be done looking at overall market sentiment.

Wednesday, May 23, 2007

Strategy for next session

MOMENTUM TRADING


AIAENG: Go long with AIAENG and ride with momentum with stop loss 1455.75 and add position if it stays above 1503. Profit target 1524.25, 1548.75, 1578. Profit should be optimised with judicious utilisation of trailing stop loss.

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.

Thursday, May 17, 2007

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Tuesday, May 15, 2007

Strategy for 16th May'07

If market environment stays with negative bias.............

CIPLA: Go short if opens negative with stop loss 213.45 and keep profit target (1) 208.85 and profit target (2) 206.25 and target (3) 201.20.

If market environment continue with positive bias go for momentum trading.............

BHEL: Go long if it stays above 2500 with stop loss 2483 and profit target (1) 2570, target (2) 2590.

Monday, May 14, 2007

Tips for 15th May'07

Day Trade

BANKRAJAS: Trade long if it stays above 52.75 with stop loss 51.85 and profit target(1) 54.75 and target(2) 56.5. However, trade should be avoided or observed cautously if overall Bank Sector remains weak.

SBIN: Trade long if it stays above 1201.75 with stop loss 1196.75 and profit target(1) 1212.75, 1233.
Trade SBIN short if it goes below 1196.5 with stop loss 1204.15 and profit target(1) 1181.25, target(2) 1167.

Sunday, May 13, 2007

Some more for 14th May'07

Market may open positive and would continue showing strength.

ZEEL : Trade long if it stays above 280 with profit target(1) 299 and target (2) 303 and stop loss 269.5. Profit may be optimised by adopting incremental stop loss.

VOLTAS : Trade long if it opens positive and add further if it crosses 93.6 with stop loss 89.75. Profit target (1) 96.5, target (2) 98.5.


VIJAYABANK : Swing trade long on Vijayabank with stop loss 45.85 and profit target (1) 49.75, target (2) 52. Position may be incresed if it crosses 54 and trade should be managed with trailing stop loss.

Market on 14th May'07

Bank to enter private equity, venture capital. The State Bank of India (SBI), India’s biggest lender, plans to raise Rs 15,000 crore within the current financial year to bolster capital and meet the growing credit demand. : Courtesy Business Standard

State Bank of India (SBI) has informed BSE that the meeting of the Central Board of the Bank held on May 12, 2007, inter alia, has declared a dividend of Rs 14 per share for the year ended March 31, 2007. : Courtesy Bombay Stock Exchange.

Strategy on SBI : Take position on SBI as long as it trades above 1150 with stop loss 1108 and profit target (1) 1250 and target (2) 1300. Further position may be added if it continues to trade above 1200 more than two days.

Strategy on SAIL : If metal sector shows strength then swing tarde on SBI if it stays above 135 with profit target 144 and stop loss 132. Position may be increased on closing basis if trade crosses 144.4.

Tuesday, May 8, 2007

Action for 9th May'07

Market most probably will remain weak. If global cues stays weak, our market even would open gap down. In this aspect, some action may be taken with strict adherence to stop loss.

1. BALRAMCHINI: Go short if trades below 63.1 with stop loss 63.9 and profit target 61.35.
2. SBIN : Go short if it trades below 1095 with stop loss 1108 and profit target (1) 1079 and target (2) 1055

If market gets support at down level....

1. IDEA : Go long if it trades above 113 with stop loss 112.35 and profit target (1) 115.8 and target (2) 117.15
2. SAIL : As long as it trades above 135, go long with profit target(1) 138.5 and target (2) 144 and stop loss 132.