Tips for THURSDAY,7 June,2007
4311 AND 4262,TWO IMPORTANT LEVELS.
I WROTE THESE TWO LEVELS CLEARLY YESTERDAY AND WE ALL SAW MAGIC BELOW 4262.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.
FUNDAMENTALS BECOMING STRONG,DELIVERY TRADERS CAN KEEP ACCUMULATING.
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.[TO SANCHARI'S CREDIT,WHENEVER TARGET HITS,CONGRATS TO HER,AND TVS IS JUST NOT TRADING ABOVE 71 AS OF NOW.]
MAYBE 2-3 MORE DAYS,CAN ACCUMULATE AT DIPS ALSO.
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 4219,the target is 4234 and 4251, here is the key resistance,if doesnt trade above 4251,short it,it will come down to 4188 and 4153.
If trades below 4188,the target is 4153 and 4131 which is very important support,if trades below 4131,it will hit 4113 and 4103 also.
COVER YOUR SHORTS IN TODAYS DOWNSIDE ONCE,WE HAVE BEEN SHORTING FROM 4320 LEVELS SO TAKING MONEY HOME MAKES SENSE FOR US.
RCOM: If rcom trades below 508,short it for a target of 501 and 491.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.
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 680 LEVEL YESTERDAY AND TARGET OF OURS.60RS PER LOT IN 5 DAYS.NOW WHERE DO YOU GET SUCH ACCURACY,TELL US.
[YESTERDAYS MESSAGE] 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 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.
BHARTI:[YESTERDAYS TIP] 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.
JUST SEE IT TURNED FROM 841 AND LOW IS NEAR 820.
IT CANT BE MORE ACCURATE THAN THIS.CAN IT BE
TODAY BHARTI:IF TRADES BELOW 826 FOR A TARGET OF 817 AND 812.
INFOSYS: 1908 AND 1900 TWO IMPORTANT SUPPORTS.ONLY SHORT IF TRADES AND IS CLOSING BELOW 1900.
OTHERWISE AVOID THIS COUNTER.
IFCI: UNLESS,IT CLOSES ON ONE SIDE OF THESE LEVEL,DONT MAKE ANY POSITION.COUNTER IS VERY VOLATILE RIGHT NOW.BIG MOVE EXPECTED SOON.
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 10-15% MOVE ON ONE SIDE.
A CLOSE ABOVE 49.6 IS A SIGN OF BIG UPMOVE COMING IN IFCI AND A CLOSE BELOW 45.8 IS A BEARISH SIGN AND IT WILL HIT 41 LEVEL SOON.
ONGC:[YESTERDAYS MESSAGE]
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.
IT REACHED TO 846 LEVELS ALSO.WE HELD ON TO SHORTS BELOW 875 AND SEE ...
TCS: IF TRADES BELOW 1198,THE TARGET IS 1185.COVER YOUR SHORTS ONCE.
SBI: [YESTERDAYS MESSAGE] 1470 IS MAJOR RESISTANCE TODAY
AT HIGHER LEVEL, [NEAR 1455-1465],SHORT WITH THIS AS STOPLOSS FOR INTRADAY GAINS.[PURE INTRADAY TRADE]
INTRADAY TARGETS 1440 AND 1420.
ENJOYED HUGE PROFITS OR NOT.
TAKE NOTE:
NTPC:[YESTERDAYS MESSAGE] IF IT TRADES BELOW 157.THE TARGET IS 154 AND 151.
154.20 IS YESTERDAYS LOW.
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.
STOPLOSS IF YOU SHORT IS 164.