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Showing posts from September, 2006
AEGISCHEM - Above 190 target 230-240 BHARATFORG - Break & Close above 360 target 400-420 BOMDYEING - Break & Close above 744 target 780, 870 DATATECH - Above 60 target 72, 81 ESSAROIL - Break & Close above 59 target 68-72 ORIENTABRA - Above 21 Target 25, 30-34 RAJESHEXPO - Break & Close above 186 target 214-224 RELIANCE - Above 1150 target 1211, 1302 TCS - Break & Close above 1057 target 1150, 1367 TULIP - Break & Close above 306 target 360, 400 VOLTAS - Break & Close above 112 target 124, 162
RCOM - Close above 352, Target 382, 510 REPRO - Break & Close above 140, Target 160-194
NIFTY (SPOT) Close Below 3450 downtrend

THOUGHT OF THE DAY

Buy that which is showing strenth - sell that is showing weakness. The Public continues to buy when prices have fallen. The professional buys because prices have rallied. This difference may not sound logical, but buying strength works. The rule of survival is not to "buy low, sell high", but to "buy higher and sell higher". Furthermore, when comparing varius stocks within a group, buy only the strongest and sell the weakest. When putting a trade, enter it as if it has the potential to be the biggest trade of the year. Don't enter a trade until it has been well thought out, a campaign has been devised for adding to the trade, and contingency plans set for exiting the trade. Be patient. If a trade is missed, wait for a correction to occur before putting the trade on. Be patient. Once a trade is put on, allow it time to develop and give it time to create the profits you expected. Be patient. The old adage that "you never go broke taking a proft"
AARTIIND - Above 36 Targets 44, 53-60 ASIANELEC - Break & Close above 535, Targets 580, 636 CEAT - Above 115 Targets 126, 157 CENTURYTEX - Above 505 Target 550-570 EDUCOMP - Above 535 Target 568 EKC - Breakout 469 Target 515 , 670 GUJALKALI - Above 195 Target 215-220 GUJAMBCEM - Break & Close 118 Target 128-132 KRBL - Above 137 Target 162 , 185 NDTV - Above 225 Target 238-245 PUNJLLOYD - Above 816 Targets 912, 970 SATYAMCOMP - Above 832 Target 855, 887 SUNILHITEC - Above 112 Target 130-140 SUNPHARMA - Break & Close above 950 Target 1040, 1240 TAJGVK - Above 235 Target 270 UTTAMSTL - Above 34 Target 39-40 VAKRANSOFT - Break & Close above 195 Targets 220, 260 ZEETELE - Above 307 Targets 338, 390-426

THOUGHT OF THE DAY

The first and most important rule is - in bull markets, one is supposed to be long. This may sound obvious, but how many of us have sold the first rally in every bull market, saying that the market has moved too far, too fast. I have before, and I suspect I'll do it again at some point in the future. Thus, we've not enjoyed the profits that should have accrued to us for our initial bullish outlook, but have actually lost money while being short. In a bull market, one can only be long or on the sidelines. Remember, not having a position is a position
AUTOAXLES - Breakout 500 Target 560, 605-615 BHARTIARTL - Breakout 433 Target 475, 550 BOC - Break & Close Above 193 Target 210-220 CANBANK - Above 260 Target 290 CENTENKA - Above 165 Target 200 ELGIEQUIP - Anove 65 Target 80 HINDOILEXP - SL 110 TARGET 138, 160 JSTAINLESS - SL 98 Above 106-108 Target 130-134 LT - Support 2430 Above 2630 Target 2900, 3200 (ex.bonus 1450,1600) MAHSEAMLES - Breakout 380 SL 369/349 TGT 416, 524 SHREECEM - Close Above 1000 Target 1200 SOLECTCENT - Break & Close above 185 Target 220, 250 SRF - Above 255 Target 288, 300 STER - Support 465-460 Target 520-530, 580

POSITION TRADING 07 Sep. 06

BAJAJHIND - SL 315 Uptrend starts now... JINDALSTEL - Break & Close Above 1665 Target 1780-1820, 1940 MANGLMCEM - Break & Close Above 180 Target 204, 228

POSITION TRADING 07 Sep. 06

BRFL - Above 185 Target 205, 220 CANBANK - SL 258 Downside 230,215

POSITION TRADING 06 Sep. 06

3IINFOTECH - Above 175 Target 188-192, 207 ABAN - Break & close Above 1300 Target 1450 ACC - Above 930 Target 980-1005 ADLABS - Above 325 Target 375-390 ALPSINDUS - Above 122 Target 160, 194 AMTEKAUTO - Above 314 Target 344 BAJAJAUTO - Break & Close Above 2835 Target 3000, 3100 BATAINDIA - Break & Close Above 224 Target 251-258 DRREDDY - Break & Close Above 760 Target 805, 860 EIHOTELS - Break & Close Above 750 (ex.split.& bonus 100) Target 110, 132 UNITY - Break & Close Above 497 Target 546, 674 WOCKPHARMA - Above 390 Target 440

POSITION TRADING 05 Sep. 06

APIL - Above 285 Target 300-330 ARVINDMILL - Above 67 Target 82 AUROPHARMA - Above 655 Target 700-720 GNFC - Above 102 Target in upside 111-118 HDFCBANK - Breakout 895 Tgt 984 , 1175 HEROHONDA - Above 735 Target 775-810 HINDLEVER - Above 250 Target 270-290 I-FLEX - Break & Close Above 1460 Target 1600, 2100 ICICIBANK - Break & Close Above 635 Target 742 IVRCLINFRA - Break & Close Above 254 Target 280-330