'JAI BABA'
Hi Savant,
1. EDUCOMP is a guy which bounces back on retracement. Hates being dumped but quite volatile.
2. Missed the bus with ONGC, LICSHGFIN both ending the day 4- 5 % up. Both gave movement during and around the lunch break.
3.Both IDBI, SINTEX were flat.
4. IDFC was volatile. Waiting for it to crack 142 inview of your target of 160+
5. Losses incurred today of 15,000/- for going short on SUZLON and TATAMOTORS.
6.Played wrong on the TATAMOTORS as CRISIL downgraded it's ratings; anticipating a whipsaw. But the market did not react much to it.
Went back to the drawing board and saw that huge open interest has been built up on SUZLON at 101 level. So it is perilious to go short on this one before that level is reached unless done tech charts for intraday .
7. Shall look at SCI, NALCO, LICSGHFIN, ORCHID tommorrow. BTW ORCHID ended the day 10% up with high open interest.
8. What are the prospects of ASHOKLEYLAND for FNO ? It has built up huge open interest @ 37.75 level and the CMP is 36.10. The lot size is 9550. Your revised target of this one is 47.
Wishes,
Lancer.