Tips for Monday, 21-May-2007
NIFTY(spot):If nifty trades above 4236 for 30 mins,the target is 4255 and 4281.if nifty trades below 4217,short nifty for a target of 4197 and if trades below 4197,it will come down to 4177.crucial support lies at 4145.
RCOM:All targets hit yesterday,below 498 it fell to achieve our target of 490 and missed our second target of 487 by 1 rs.
Today,if it trades above 501,then only buy it for a target of 510 and 516,if trades below 490,short it for a target of 482.
RELCAPITAL:Yesterday,it touched 928,as asked to buy above 911.
Now,if trades below 891,short it for a target of 864.
TATAMOTORS:[friday’s message] Now ,buy only if it trades above 762,otherwise short it in the range of 755-758 for a target of 747 and 738[only for intraday traders].
See the results came and then it fell sharply to almost hit our second target of 738.
Now,today on Monday,short it only if it trades below 730 for a target of 720 and 715,if doesn’t trade below 730,don’t short .
BHARTI:[Friday’s message] Now,if today,isn’t trading above 867,short it with same as stoploss and for a target of 848 and 838 also.
Now see the low,its 837,tell me where do you find such accuracy.
Now,for Monday:If bharti trades below 843,then short it for a target of 836 and 833.
Buy only if it trades above 851 for a target of 862 and 867.
INFOSYS:if trades below 1968,short infosys for a target of 1942,a closing below 1941 today will deepen the correction on Monday.stoploss at 1992.
IFCI: if trades below 48.2,short it for a target of 46.6 and 45.buy only if trades above 49.7.
ONGC:Buy only above 925 for a target of 937.short it if trades below 895 for a target of 884.
TCS:[Friday’s message] If trades above 1254,the target is 1262.See,above 1254,it went upto 1276.
Now for Monday:If TCS trades below 1242,the target is 1216.anyday,any closing below 1214 will make this stock reach 1185 levels.
BAJAJHIND:Now,if it trades above 177 in spot,short sellers should start exiting,but buy only if it trades above 179.so strong hearted shortsellers can hold shorts with a stoploss of 179 in spot.
SATYAM: 453 and 463,trend deciding levels.
Above 463 if trades,just buy and enjoy the ride. And if trades below 453,the target is 442.
SBI:Now,today,short it with a stoploss of 1355,for a target of 1315,if trades below 1315,the target is 1277 in 2-3 days.
TAKE NOTE:
INOX LEISURE:If trades above 136,buy with a stoploss of 132 for a target of 146 and 154,strong hearted traders can buy more on dips by keeping bigger stoploss of 127 .
LAXMI MACHINE WORKS:If it trades above 2777,buy with a stoploss of 2724,for a target of 2807,now if trades above 2807,the target is 2870 and 2890.[the day it closes above 2930,it will catch fire].
AIR DECCAN:If trades above 138,buy for a target of 151 and 155.short it only if trades below 135 for a target of 131 and 125.
INDIACEMENT:Buy it if trades above 194 for a target of 199 and 201.