Wednesday, August 29, 2007

Daily Intraday Tips for 29-08-2007

Kindly avoid buy or sell stock near target or stop loss.

Always keep trailing stop loss, don't convert your profit into loss.

Be cautious and strictly maintain stop loss. Trade safely.

MARKET is expected to be week due to global cues and can open with a gap down. SENSEX support is around 14400 and NIFTY support is around 4100 levels. Can see market down in the opening and after that can see some short covering in 2nd session, so market can close @ 14625+ levels.

Don't buy/sell against the trend.

STRICTLY BUY ONLY IN UPPER TREND AND SELL ONLY IN LOWER TREND

Intraday calls:

Sell INDIABULLS REAL ESTATE Stop loss 488 Target 468-465-460 and below

 

Sell VSNL Stop loss 388 Target 370-365-358 and below

 

Keep an eye on:

 

Sell RCOM Stop loss 524 Target 508-505-500 and below

 

Sell JSW STEEL Stop loss 614 Target 598-590-585 and below

 

Sell SBI Stop loss 1570 Target 1530-1500-1490 and below

 

Buy HEXWARE LIMITED Strict Stop loss 113 Target 122-123-124+ (Strictly buy in the upper trend)

 

 

WATCH:

 

ACC Below 1022 can keep stop loss of 1031 for targets 1008-1000-990 and below

 

CENTURY TEXTILES Below 764 it can slide to 760 there after free fall can be seen to 745-740-735 and below, although can keep stop loss of 765



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Happy Trading………………..

 

 

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