Positional/intraday Trading Tips

[sunilhv0]

Hi Friends,

Its very easy to blame others for our losses. If one does any trade on anyone reco's, then that person must also ensure that a proper Stop Loss is also kept for that trade. In IFCI case, morning high was 46.70, so if one had shorted below 46, then the maximum SL should have been the day high. So why blame anyone else for our fault.

So from Next time, always keep a SL.

In trading if one wants to succeed, then only SL helps, all will book profit early but no one will book loss, as we hope it might turn back.

Don't hope, act on the reality and book loss early too.

regards,

Sunil

 

[hitesh sabharwal]

Tips for WEDNESDAY,6 June,2007

4311 AND 4262,TWO IMPORTANT LEVELS.

ASIAN PAINTS:BUY IF TRADES ABOVE 863 WITH A STOPLOSS OF 834 FOR A TARGET OF 895 AND 925 IN 2-3 DAYS.

TVS MOTORS: BUY ABOVE 71 FOR A TARGET OF 74.5 AND 77.

LAXMI MACHINE WORKS:BUY WITH A STOPLOSS OF 2645 FOR A TARGET OF 2801 AND IF TRADES ABOVE 2807,REMAIN LONG TARGET 2900 AND MORE TO COME IN FEW DAYS.
DELIVERY AND POSITIONAL TRADERS ,KEEP BUYING AND ACCUMULATING AT ALL DIPS.

NIFTY(spot):If nifty trades above 4278,the target is 4301 and 4311, here is the key resistance,if doesnt trade above 4311,short it,it will come down to 4277 and 4262. If trades below 4254,the target is 4234 and is very important support,if trades below 4234,it will hit 4213 and 4187 also.

RCOM: If rcom trades below 504,short it for a target of 498 and 490.Only buy if it trades above 523,it will fly above this.
THE FIRST TARGET IS 532 AND THEN MORE IN 2-3 DAYS. BUY ABOVE 523 ONLY AND SHORT BELOW 504.

RELCAPITAL:IT MOVED UP YESTERDAY,WE ARE STILL LONG.
FOR INTRADAY TRADERS,BUY IF TRADES ABOVE 1003 WITH A STOPLOSS OF 988 FOR A TARGET OF 1037 AND 1073 TODAY.

DELIVERY AND POSITIONAL TRADERS,STILL HOLD ON,AS WE HAVE BEEN BUYING AT DIPS.ENJOY MEGA PROFITS PER FUTURE LOT.

[YESTERDAYS MESSAGE]YES,WE ARE BUYING THIS AND WE BOUGHT ABOVE 988 ON MONDAY ALSO AND WE WILL BUY MORE IF IT DIPS WITH KEEPING SUPPORTS IN MIND,DAILY ASKING YOU TO BUY THIS ,HAVE PATIENCE ,IT WILL FLY TO THE SAID TARGETS.

The support is at 943,927 and 911,panic buy or buy only above 988 if trades and see magic then.

Buy this at these support levels with a strict stoploss of 881.the target is 1037 and 1073.

TATAMOTORS:SHORT IF TRADES BELOW 707 FOR A TARGET OF 698.
AND THEN SHORT IF TRADES BELOW 698 FOR A TARGET OF 691,685 AND 671.

NOW,BUY ONLY IF TRADES ABOVE 732.

BHARTI: If trades below 832,short it for a target of 819 and 812.buy only if trades above 841,THE TARGET IS 847,854 AND 862.


INFOSYS: If trades below 1930,short it for a target of 1918 AND 1907 and below.Buy above 1961 ,yes I mean 1961 only for a target of 1978 and 1992 AND 2005.

IFCI: 49.4 AND 46,THATS IT
ONE SIDED MOVE,TRADING/CLOSING ON ONE SIDE OF THESE TWO LEVELS,THEN ONLY FORM POSITION AND SEE A BIG 10-15% MOVE ON ONE SIDE.

NOTE:IT TRADED BELOW 46 YESTERDAY AND DIDNT CLOSE,NOW IF TRADES ABOVE 49.2,GET OUT OF PUTS AND BOOK LOSSES.

A CLOSE ABOVE 49.6 IS A SIGN OF BIG UPMOVE COMING IN IFCI.

ONGC:SO IT EXACTLY HIT TARGET OF 892.

NOW TODAY: RESISTANCE AT 918 AND 932.BUY ONLY ABOVE 932 IF TRADES ABOVE THIS LEVEL.
Short if trades below 903 for a target of 892 and 883,875.

TCS: 1225 and 1238 ARE THE MAJOR RESISTANCE,BUY IF TRADES ABOVE THIS,TARGET 1253 AND 1262.
If trades below 1204,short it for a target of 1185.

SATYAM: SO,AGAIN INSTEAD OF 459,IT HIT 460.65 AS LOW.ALMOST ON OUR TARGET.

NOW TODAY,IF TRADES BELOW 459,THE TARGETS ARE 448 AND 443.

If trades above 478,then only buy

SBI: 1470 IS MAJOR RESISTANCE TODAY
AT HIGHER LEVEL, [NEAR1455-1465],SHORT WITH THIS AS STOPLOSS FOR INTRADAY GAINS.[PURE INTRADAY TRADE]
INTRADAY TARGETS 1440 AND 1420.

AS GIVEN A BUYING TIP ON FRIDAY ABOVE 1372.IT CROSSED OUR TARGET OF 1398 ALSO AND TOUCHED 1418 AND NOW 1444 ALSO.

TAKE NOTE:

NTPC:IF IT TRADES BELOW 157.THE TARGET IS 154 AND 151.

BAJAJHIND:SO IT TOUCHED 159 YESTERDAY.FROM 181 LEVEL ASKING TO SHORT BAJAJHIND AND SEE PROFITS IN 7-9 DAYS.PER FUTURE LOT 22 RS EARNED AND DAILY UPDATED TO SHORT IT.
NOW TODAY: ONLY SHORT IF DOESNT TRADE ABOVE 173,FOR A TARGET OF 163 AND 157.

AIR DECCAN: SHORT AIRDECCAN IF TRADES BELOW 142,FOR A TARGET OF 138 AND 135.
BUY ONLY IF TRADES ABOVE 149 FOR A TARGET OF 155.

 

[hitesh sabharwal]

Sunil Saranjame,be That Anybody,then Talk To Me,if You Can't Come Here When So Many Tips Hits Targets,your Curosity To Come After So Many Days To Find One Wrong Tip Of Mine And Shout At Highest Pitch Tells Me What You Intend To Do,you Even Don't Know The Meaning Of Intraday Trading.10-15% Move In A Stock Is Not For Intraday And I Wrote Same Levels Of Ifci From 5 Days,so Intraday Levels Are To Be Updated Understand.

Anyhow,for All The Others,if You Today Will Have To Book Loss In Ifci Puts,i Feel Sorry For This Screw Up Trade.sorry Guys,once Again But Markets Humiliate Everyone,me Being No Exception But I Guess Juniors Here Could Realise This Very Well And Seniors Are Shouting On 1 Wrong Trade.
Surprising,they Call Themselves Experienced Traders.

 

[Linus]

Dear Hitesh,

I was not saying about you or your IFCI call, it is just the nature of calls generated by the tipster community that amazes me.I will admire you if you could come up with two unidirectional calls. No 'buy above this', 'sell below this' kinda nonsense. Come out with one long call and one short call and prove it that you can do it consistantly.

ss

 

[kpthakershy]

no IFCI call This time

 

[kpthakershy]

IFCI touched 49 ...its near to hitesh's buy call ...buy ifici if only trades above 49.4 ..cheers

 

[spojal]

hi everybody, I bought 2000 shares of HPCL at Rs.193.2 on 4th june-07(NSE). now wht should i do?? should i hold it or sell. please help???

 

[kpthakershy]

HPCL is a long term story..hold

 

[vjuneja]

Buddy you cannot blame anyone for the IFCI call yaar...

This one needs to close below 45.90 to give a definate breakout for downside or its has to be under 44.50 intraday to confirm the breakout for sure..

Coverse it has to close above 49.75 to give a definate upside breakout or it has to move intraday above 50.80-51.00 for 15-30 mins for an upside breakout to be confirmed.

Till then nJoy the Range people...

P.S. Hitesh BUD correct me man if I am wrong in this one...

Sorry guys forgot to mention the low formed by IFCI intraday was a tweezer bottom with a bullish peircing pattern... which even strengthens it... So the probability for it going down is very very low...

Hitesh never mind BUD it is perfectly fine so what no body is rite 100% of the time.. Man I also booked a loss acting hastly.. and I think everthing is fine and fair in love and stocks

Way to Go Hitesh.. keep it rollin man !!

IT's a GAME in the END !!

 

[hitesh sabharwal]

short tcs below 1202,target 1185,short tatamotors below 698,target 691 and 685.short nifty if trades below 4262.