Its advised to accumulate these stocks for decent returns over 15-25 days time frame.
IDFC: Cmp 146.25 Buy it 145-147 levels with sl as 140 for tgt 156,168.
ABB: Cmp 995 Buy it 985-1000 levels with sl 979 for tgt 1048,1078.
ADLABS: Cmp 618 Buy it 600-620 sl 595 for tgt 680.
AMBUJA CEMENTS: Cmp 103 Buy it 98-101 sl 92.95 tgt 110,114.85
IDBI: Cmp 86.74 Buy it 84-87 levels with sl as 80.95 for tgt 95,102.5.
Wednesday, May 28, 2008
Monday, May 26, 2008
Markets slips below 4900
Markets have given us a disappointed opening yet again today breaking 4900 with hardly any pain.
Its advised to trade in the calls with a strict sl of 4855 on Nifty spot(this is not to be taken as a SL on closing basis).
Its advised to trade in the calls with a strict sl of 4855 on Nifty spot(this is not to be taken as a SL on closing basis).
Trading Calls for 26th--30th May
The next one months' outlook of Nifty will highly depend on this weeks Nifty movements.
I said in my last post that below 5008 Nifty will see tought times & this can be seen with Fridays Terrible close.
The key levels for Nifty this week are 4914,4900 & 4855, below which 4448 seems possible.
On Monday, Nifty is going to open with a Gap down at around 4915-4920 levels.
I advise everyone to go into the below mentioned trades after about 30minutes from opening & 4900 not breaking.
If 4900 does break ,then avoid any entry & wait for next post.
I said in my last post that below 5008 Nifty will see tought times & this can be seen with Fridays Terrible close.
The key levels for Nifty this week are 4914,4900 & 4855, below which 4448 seems possible.
On Monday, Nifty is going to open with a Gap down at around 4915-4920 levels.
I advise everyone to go into the below mentioned trades after about 30minutes from opening & 4900 not breaking.
If 4900 does break ,then avoid any entry & wait for next post.
Sunday, May 25, 2008
What Swing Trading is all about.
Many of us have heard about Intraday Trading. It involves buying or short selling a highly liquid scrip near intraday supports or resistance and booking profits if they are in 1-1.5% gains.Trades should be squared off intraday with no overnight positions.
Another set of traders,known as scalpers/jobbers, have a short trading period, where they buy or short huge quantity of a particular high liquid scrip and book profits within a couple of ticks.
Both these trading strategies involve high concentration ,close monitoring of stock moves & very high risk apetite(due to heavy volumes).
A better approach to trade is Swing Trading.
Swing trading is the most efficient approach to make money in the stock market..according to me.
Swing trading sits in the middle of the continuum between day trading or scalping and trend following.
Swing traders hold a particular stock for a period of time, generally between a few days and two or three weeks.
It doesnt require close monitoring of stock movements nor heavy volumes to be traded every couple of minutes.
In addition, when compared to day trading, swing trading is a far more efficient trading style, as the cost of doing business is substantially lower due to commissions not being generated on a daily basis. Swing traders also tend to participate in a larger portion of price moves.
Another set of traders,known as scalpers/jobbers, have a short trading period, where they buy or short huge quantity of a particular high liquid scrip and book profits within a couple of ticks.
Both these trading strategies involve high concentration ,close monitoring of stock moves & very high risk apetite(due to heavy volumes).
A better approach to trade is Swing Trading.
Swing trading is the most efficient approach to make money in the stock market..according to me.
Swing trading sits in the middle of the continuum between day trading or scalping and trend following.
Swing traders hold a particular stock for a period of time, generally between a few days and two or three weeks.
It doesnt require close monitoring of stock movements nor heavy volumes to be traded every couple of minutes.
In addition, when compared to day trading, swing trading is a far more efficient trading style, as the cost of doing business is substantially lower due to commissions not being generated on a daily basis. Swing traders also tend to participate in a larger portion of price moves.
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