Trading Strategy

POSITION TRADING

ITC : Provided market sentiment remains bullish, if it crosses 169.7, go long with stop loss 164.85 and set profit target 179.oo.

REL : If it opens positive i.e above 753.00, go long with stop loss 734.80 and set profit target 766.5 and 791.75.

Rediff.com

THE WRONG E-MAIL

A man left the snow-filled streets of Chicago for a vacation in Florida. His wife was on a business trip and was planning to meet him there the next day. When he reached his hotel, he decided to send his wife a quick e-mail.
Unable to find the scrap of paper on which he had written her e-mail address, he did his best to type it in from memory. Unfortunately, he missed one letter and his note was directed instead to an elderly preacher's wife, whose husband had passed away only the day before. When the grieving widow checked her e-mail, she took one look at the monitor, let out a piercing scream, and fell to the floor in a dead faint. Hearing the scream, her family rushed into the room and saw this note on the screen:
"Dearest Wife,
Just got checked in. Everything prepared for your arrival tomorrow.

Source: http://www.funmunch.com/

Tips for 21st June'07

If market changes gear and fans bearish mood.......

1. TATASTEEL : If it breaks 606.00 convincingly, then go short with stop loss 613.10. Keep profit target 599.25, 594.50, 590.25.
2. TVSMOTOR : If it goes below 65.5, then go short with stop loss 66.65. Keep profit target 64.25, 62.25, 61.5.

If market maintain momentum or trade with positive bias.......

1. RELIANCE : If it goes above 1736.25, go long with stop loss 1719.75. Keep profit target of 1747.75, 1777.25, 1794.5. Go for position trading if it crosses 1798.75. Maximize profit by keeping trailing stop loss.
2. AIAENG : Buy AIAENG with stop loss 1584.25 and keep profit target 1648.80, 1685, 1694.90

Kabiguru, Our Pride

Quote of the Day:

A great many people think they are thinking when they are merely rearranging their prejudices.
--William James

EOD Chart of Nifty

Bombay Stock Exchange

Quote of the Day:

Every successful enterprise requires three men - a dreamer, a businessman, and a son of a bitch.
--Peter McArthur

THE SEVEN HABITS OF HIGHLY EFFECTIVE PEOPLE

Habit 1: Be Proactive -- Principles of Personal Vision

Habit 2: Begin with the End in Mind TM

Habit 3: Put First Things First TM -- Principles of Personal Management

Habit 4: Think Win-Win TM -- Principles of Interpersonal Leadership

Habit 5: Seek First to Understand, Then to Be Understood TM

Habit 6: Synergize TM

Habit 7: Sharpen the Saw TM

Tips for 18th June'07

If market remains bearish or trades with negative bias...

1. ESCORTS : Go short if it goes below 112.3 with stop loss 113.5 or days high whichever is less. Keep profit target 110.5, 109, 107.
2. EKC : Go short if it goes below 984.20 with stop loss 1004.25 or days high whichever is less. Keep profit target 960.5, 935.25.
3. IDEA : Take bearish view if it breaks down 115.2 ( previous day's low) and go short with stop loss 116.5 and keep profit target 113, 112, 111.15 and 110.6

If market remains bullish or trades with positive bias...

1. RELIANCE : Buy RELIANCE and take position intraday if it trades above 1680 with immediate profit target 1694, 1699 and 1708. If it crosses 1711 or closes above 1701, add further position and go for swing trading with trailing stop loss.
2. SBIN : Go long on intraday basis if it trades above 1335.1 with stop loss 1319.75. Keep profit target 1352, 1469, 1387 and 1400. If it stays above 1349 for some time, position trading is also possible and profit may be optimised by placement of suitable stop loss.

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Shared News Items

Action for 13th June'07

Day/Position Trading

• STER : Say, overall market environment remains negative. Go Short with STER if it breaks 529 with stop loss 543.25. Keep profit target 515, 508.
• AUROPHARMA : If market shows positive bias and AUROPHARMA crosses 728, then Go Long with stop loss 713.75 and profit target 744.5, 760, 768.

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.