Positional/intraday Trading Tips

[hitesh sabharwal]

TIPS FOR MONDAY
Tips for Monday,June 25,2007


IDFC:If trades above 123, buy with a stoploss of 122 for a target of 131 and more.

RELIANCE ENERGY: IF trades above 586,buy with a stoploss of 573,target 618 and more.



LAXMI MACHINE WORKS: keep ur deliveries with you and buy more.



It touched 2900,from 2650 telling you all.Now,if trades and closes above 2930,it will cross 3000 soon.



NOTE:



NIFTY(spot): If nifty trades below 4232,the target is 4217.The major support is at 4214 and 4208.Buy at lower levels if nifty doesnt trade below 4208.Avoid shorting at lower levels.If trades above 4271,the target is 4288 and 4295.


WE HAVE BEEN WRITING 4301 AND 4311 LEVEL OF NIFTY AS BIGGEST RESISTANCE,UNLESS AND UNTIL WE CLOSE ABOVE THEM,MARKETS WONT BE VERY BULLISH,SO KEEP BOOKING PROFITS AT HIGHER LEVELS IN ALL ,LONGS.



RCOM:If trades below 512,the target is 506,buy at lower levels for a target of 514 and 517.

If trades above 518,the target is 522 and 526.


RELCAPITAL:

NOW RELCAPITAL Today:Buy today only if trades above 1106,stoploss 1082,target 1115,1127.

Once Book profits in this stock and start reducing positions,buy only above 1106.



INFOSYS :If trades below 1967,the target is 1928.Book profits once in short positions.



SATYAM:If trades below 467,the target is 458 and 453.



SBI: GAVE TIP TO BUY ABOVE 1362, 3 DAYS BACK[ON WEDNESDAY],NOW WHERE IT IS ,YOU CAN SEE.


Today if trades above 1464,target is 1487 and 1503,stoploss is 1446.

 

[hitesh sabharwal]

[updating]buy Reliance Energy,target 619,buy Ongc Above 924,targt 933,938 And 946,stoploss 909.add Positions On Dips.

 

[hitesh sabharwal]

buy reliance industries if trades above 1713,stoploss 1697,targt 1730 and 1745.buy sbi above 1464,stoploss 1446,target 1487,1503.

 

[kedaar]

[updating]buy Reliance Energy,target 619,buy Ongc Above 924,targt 933,938 And 946,stoploss 909.add Positions On Dips.

Is ONGC traget intraday or position ?

Any target for HLL ?

Thank you

 

[hitesh sabharwal]

buy reliance industries if trades above 1713,stoploss 1697,targt 1730 and 1745.keep ur longs in bharti,move stoploss to 824,target 839,845.

ongc is intraday.if stoploss is not getting triggered can hold.

 

[hitesh sabharwal]

INFY TARGET HITS,SATYAM SECOND TARGET FOR SHORTING HIT.SHORT SATYAM MORE ON EVERY BOUNCE,TARGET IF TRADES BELOW 453 is 442 and 436 in 2 days,carry satyam short.

 

[hitesh sabharwal]

If nifty trades below 4232,get out of all longs,short nifty and carry satyam shorts.

 

[ada_acolyte]

HI Hitesh,

But could u tell what should we do with the ONGC..trade...

 

[kedaar]

ONGC SL Hit (909)

 

[hitesh sabharwal]

reduce position or exit ongc as sl hit.

btst,rcom and idfc even nifty,and short satyam and carry.