Positional/intraday Trading Tips

[kashh]

dear hitesh,

Any view on mphasis for tommorow?

kashh

 

[kpthakershy]

market will go down to 4090 levels..because of weak global cues

 

[hitesh sabharwal]

I think,i asked to keep shorts open and short again at 4200 in last half an hour.good.

 

[kashh]

hitesh,

any view on mphasis for today, i am short @ 320/-. all us and asian are down today. what is the view of software equities today?

 

[hitesh sabharwal]

Tips for FRIDAY,8 June,2007


COVER YOUR SHORTS IN TODAYS DOWNSIDE ONCE,WE HAVE BEEN SHORTING FROM 4320 LEVELS SO TAKING MONEY HOME MAKES SENSE FOR US AND SHORT BACK IF TRADES AND IS CLOSING BELOW 4099 IN THE END OR IF THERE IS A BIG BOUNCEBACK FROM LOWER LEVELS AND STILL MARKETS ARE CLOSING BELOW 4238.



ONLY WE HAVE BEEN ASKING TO GO SHORT AT HIGHER LEVELS WITH THE STOPLOSS OF 4348 FROM LAST FRIDAY,NOBODY ELSE COULD SEE THIS CORRECTION EXCEPT US.FROM FRIDAY OUR MAGICAL LEVEL OF 4325 IS WORKING LIKE A BIG RESISTANCE .


TODAY:


SRF: THE MAJOR SUPPORT IS AT 164 AND 162.BUY AT DIPS OR BUY IF TRADES ABOVE 177 AND SEE 190 AND ABOVE IN COMING SESSIONS.


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

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 4184,the target is 4227 and 4238, here is the key resistance,if doesnt close above 4238,short it today in the end after a bounceback from lower levels or keep shorts opened if closing below 4099..


If trades below 4174,the target is 4131 and 4113 which is very important support,if trades below 4113,it will hit 4099 and 4076 also.


COVER YOUR SHORTS IN TODAYS DOWNSIDE ONCE,WE HAVE BEEN SHORTING FROM 4320 LEVELS SO TAKING MONEY HOME MAKES SENSE FOR US AND SHORT BACK IF TRADES AND IS CLOSING BELOW 4099 IN THE END OR IF THERE IS A BIG BOUNCEBACK FROM LOWER LEVELS AND STILL MARKETS ARE CLOSING BELOW 4238.


RCOM: SEE THE MAGIC OF 532 LEVEL YESTERDAY.

[YESTERDAYS TIP] Only buy if it trades above 524,it will fly above this.

THE FIRST TARGET IS 532 AND THEN MORE IN 2-3 DAYS. BUY ABOVE 523 ONLY AND SHORT BELOW 508.


TODAY RCOM HAS SUPPORT AT 514 AND 510,dont short at lower levels,only short in the range of 522-527 with a stoploss of 533,if not closing above 533,leave shorts opened for Monday.


YOU CAN BUY IN GAP DOWN FOR INTRADAY WITH A STOPLOSS OF 508,IF TRADES ABOVE 514 TO SELL AT 522.

THEN SHORT IN THE END,PLAY BOTH SIDES.


RELCAPITAL: The supports are 952,929 and 923,buy on dips for good bounceback from support levels.


TATAMOTORS:SO FROM 739 LEVEL,WE ASKED TO SHORT,IT TOUCHED 672 LEVEL YESTERDAY AND TARGET OF OURS.70RS PER LOT IN 6 DAYS.NOW WHERE DO YOU GET SUCH ACCURACY,TELL US.


[YESTERDAYS MESSAGE]

NOW TODAY:IF TRADES BELOW 695,THE TARGET IS 680,671 AND 663.BUY ONLY ABOVE 706 IF TRADES.


COVER ALL YOUR SHORTS TODAY IN TATAMOTORS.


Today if not trading below 660,buy with 654 as stoploss for a target of 680 and 691.

BHARTI:

TODAY BHARTI:IF TRADES BELOW 816,THE TARGET IS 812 AND 802.

Cover all shorts once and only go short in the end if closing below 811.


INFOSYS: 1908 AND 1900 TWO IMPORTANT SUPPORTS.ONLY SHORT IF TRADES AND IS CLOSING BELOW 1900.

OTHERWISE AVOID THIS COUNTER.

IFCI: if closes below 49.2 today,get out of longs,for strength,it should trade above 50.3.


ONGC: Buy at dips today,if trades above 835 with a stoploss of 822 for a target of 864.


TCS: IF TRADES BELOW 1198,THE TARGET IS 1185.COVER YOUR SHORTS ONCE.


SBI: 1328 and 1315 are two major supports.Resistance at 1389,if closing below 1389,short in the end.

TAKE NOTE:

BAJAJHIND:[YESTERDAYS MESSAGE] NOW TODAY: ONLY SHORT IF DOESNT TRADE ABOVE 173,FOR A TARGET OF 163 AND 157.


NOW EATAN ENOUGH PROFITS IN THIS COUNTER,ONLY SHORT IF TRADES BELOW 157 LEVEL,A CLOSING BELOW 157 WILL TAKE TO 151 AND 146.

 

[hitesh sabharwal]

BOOK PROFITS IN ALL SHORTS AND ONLY SHORT WHEN NIFTY TRADES BELOW 4131 IN SPOT.acc target of yesterday hits ,792 ,book profits in this also.

 

[vipin.pagariya]

Hi Friends.buy Rajesh Export Tgt 1000 This Year.

 

[ada_acolyte]

Corpn bank.. intraday tgt 311..long it sl 306

 

[ratan jain]

Vipin: 1st post ...hmmmmm and a tip......

How much is Rajest Exports paying you to advertise these tips accross various forums?

I think if u update the target to 3000 more people will be interested?????????

 

[vjuneja]

Hey Hitesh some help man...

BUD I bought CIPLA Future @ 213.. it is currently around 211.70.. now my probs is I bought it thinking it will bounce a little and would exit.. but the markets went down... charts tell me and everyone is also saying 204 is the support.. agreed... But my MM does not allow me to place the stop below 210... I cannot take this risk... Can you please look up the charts and tell me whas up with it.. can i recover my cost or should i exit with a loss ???

Plzzz.
THanks,
V.J.