ITS A JUNGLE OUT THERE & ITS U WHO S ON THEIR HUNTING RADAR.........................

ITS A JUNGLE OUT THERE & ITS UR MONEY WHICH IS ON HUNT.........................

Wednesday, August 4, 2010

Trade updates + Sai bhajan

Hello friends

Wanna mention, instead of creating new post only for 1 or 2 trades, i have decided to suggest fresh trades through comment section of the last updated post. So, requesting readers to visit comments section also on regular basis, for fresh trades updation.

Lets get back to work.

HCC - we missed to buy HCC by 3 rs. only, but mega rise in HCC proved that if bought, it wud have been an instant success( yet to be marked as " trade not initiated " )

Biocon - Buy initiated for agressives only & they booked out also a 50 % quantity as per 4 % rule @ 322.

MRPL - we were supposed to buy < 72, which did not happen. A short sell has been suggested & been initiated. Keep a SL of 82.05 now. Buy agressively, if trade < 72.

OFSS - Again, we could not buy. Trade not initiated.

Indian hotels - To be bought either close to 98 OR > 103. Keep it on radar.

Ultratech cement - Sold @ 867, Sl now 874. Tgt 845 & 831.

PFC - Sold @ 331. SL now 334.05. Tgts 318/310/296.

Orient papers - Quantity bought close to 52, suggested to book @ 54.6, as per 4 % rule for conservatives only so as to reduce buying cost by 2 rs.

Since, its a SAI VAAR today, here is a Sai baba bhajan 4all of u. ENJOY.

http://www.4shared.com/audio/J5ekpv7o/Baba_Ki_Rehmato_Ka_Ye_Kamal_De.html


Happy Sailing.

Om Sai Ram.

21 comments:

Lalit said...

Petronet LNG has given good price volume breakout on 29-07-2010 pl study that and do let me know yr comments

rochak parekh said...

hello lalit

Thanks for visiting my blog & trusting me to seek my views. Although, i bet, my views might not bound to be right.

Petronet LNG

Looks good on yearly scale, but run up a lot from its recent low of 69. I wud be uncomfortable for a buy @ this level ( remains my personal view ). I remain a short seller in it with a SL of 108.05 for a tgt 1 - 91, tgt 2 - 84-85 ( This is not a trade reco ). My longs to be created only @ 84-85 ( or close to 80 ) with a SL below 76.

hope it helps

regards

Anonymous said...

sir can i buy relmedia for higher targets

rochak parekh said...

@ anonymous

risk reward doesnt favour a long trade at this point in rel media, since its targets doesnt seem > 232-235 to me. Please take your own call.

regards

Money from Stocks said...

Hi,

Can u advise on Bajaj hindustan long position and renuka short position at cmp ?

Pras

Rakesh Taneja said...

KINDLY GIVE YOUR VIEWS ON OPTO CIRCUIT I HAD SOLD 800 SHARES AT 270 NOW AT WHAT PRICE SHOULD I GET THIS SHARES BACK ANY CHANCES OF IT COMING BACK TO 245 IN IMMEDIATE FUTURE POSIBLE OR NOT THOUGH I HAVE BOUGHT STERLING FOR INVESTMENT AT 107.10---500 SH

Rakesh Taneja said...

as above

rochak parekh said...

@ money from stocks

I advocate a sell in renuka with a SL above 73, will come up with details in a moment. Whereas, in bajaj hindustan immediate long is not suggested.

@ rakesh

Investment are always welcome in share market, i appreciate ur decision. i hope u know ur sl. As per as opto circuit is concern, wud come up before u in a moment.

@ both

Thanks for putting ur trust into me

as i am busy with my morning analysis, spare me some minutes for details

@ all

Please mention ur time frame while seeking ur advice, + i do not know much about fundamentals, so my advises remains valid for short to medium term only ( say 5/15 days to 2-3-4 months only )

Please dont consider my suggestions given to individuals here as trade recommendations. These are just advises, on demand.

regards

Rakesh Taneja said...

in one months what should be the upper target as i have 1000 opto left, but would be willing to buy at lower level if any correction

rochak parekh said...

Huge huge b/o in WWIl , look to buy any dips, golden buy . Just wait for it to cool off in next 3-5 days to initiate a buy close to 15.

@ rakesh

ur query is not clear, whether

1. - u have shorted opto circuits & wanna cover

2. u sold opto circuits which u bought earlier & wanna buy it back for further higher targets.

please clarify

regards

Rakesh Taneja said...

sold opto circuits which i bought earlier & wanna buy it back for further higher targets.Sold dr reddy also few days back at 1480 100 shares as it is in 4 down wave can i buy now or wait for it as it is showing some sign of stabalising at 1330-40 levels

Money from Stocks said...

Thanks

Pras

rochak parekh said...

@ money from stocks

Renuka - although a resistance is detected @ 69, just to bring risk reward ratio in our favour, request u to short renuka > 70 only if u r a conservative trader OR short @ ur wish keeping 73.05@nse Cash ur SL. Cover some between 64-62.75, further weak below 62.

Bajaj hindustan - stiff stiff resistance @ 121-124, then minor resistance @ 128-129. If cleared then no stopping till 138-140, maximum it can score is a 144-148(in euphoria only). but, advise to buy on dips to 113-115 only, keeping 110.5 ur SL.

i hope this helps

@ Rakesh

Dr. reddy & pharmaceuticals are not in downwaves, may be a consolidation phase.

As & when nifty is around 4900, look to buy dr. reddy aggressively. Details, will tell u later..

Opto circuits - I admire ur decision of booking profits in opto circuits. Smart decision of buying it & also to enter further into it. Its in an uptrend. Look to buy 40 % of ur sold quantity @ 242-239 & 30 % @ 220-215, if comes.

all the best.

rochak parekh said...

wwil could well be proved star performer for august month. Structure favouring a long. just waiting for some dips.

rochak parekh said...

Vishal retail hits 10 % UC

I hope VVVVV & madhu enjoying

rochak parekh said...

Agressive Bet

buy Excel infoways

47-48

Strict SL 45

Tgts 50.5, tgt 2 - 52.7, tgt 3 - 54.25

sometime next week

rochak parekh said...

Agressive traders only

Buy KEI industries < 33

Conservative

look to buy between < 32
Tgts 34.35

T 2 - 35.7

SL 31

Risk reward ratio advocates to buy it as a conservative buyer

rochak parekh said...

Any further dip in kei industries is not a reason to panic but opportunities to buy

rochak parekh said...

KEI & WWIL, look to buy both on monday itself, need not to buy immediately

just remember levels

WWIL - 14.75-14.95

KEI - Close to 32

vvvvv said...

ya, i kept holding vishal. thanks

vvvvv said...

update on excel infoways, please.
R u still in that trade?
Further, shall I book profit in vishal on monday or hold for target?