Hello friends !
This week has been the most disappointing week, since 9 weeks of my blogging. My trade summary suggests same. Although, monthly summary is gonna follow soon this thursday. But, this week, most of my trades remained subdued OR stopped out OR trade not initiated . Although, as discussed friday, almost all scrips which are on my radar are trading @ their respective supports. This signals a stage in the indices, for a make or break level. This view may come true in the coming week, as US indices have closed bullish. Lets talk about our trades.
Trades closed this week :
Astra zen - Stopped out, lost 1 %. But, did u people see the magic of level 1180 mentioned. it once again took support @ 1180 & hit 1274. I wish, somebody wud hav read & follow recommendation appropriately & made money.
Orient paper - Re entry stopped out.
Ankur drugs - Since, i do not remain always on screen, so, when while leaving my screen, when i see ankur drugs making a low of 120.00, that too in mid of the session, i advised an exit from long positions. To the best of my surprise, when i checked the scrip later on, low made was 120.00 itself ( i.e. we didnt stopped out ). I wish somebody maintained SL below 120 inspite of my suggestion to exit. NOW u people can clearly understand the importance of 5 PAISA.
Trades initiated & closed also in this week :
Jyoti structure - I choose option no. 2. whereas 20 % of quantity was suggested to b bought @ 138, with SL below 136. It hit my tgt 150, which was mentioned & reversed back. Hope the readers are satisfied by the levls if not by the quantity. Since, it was way far from its SL, i did not advise to buy full quantity.
Hcc - asked to buy @ 61.25 ( low made 61.05 ), asked to sell @ 62.65 ( high made 62.85 ) i hope readers like the game of picking top & bottom. I hope readers went long, as advised, to go long @ 59.5 ( low made 59.8). Maintain a SL below 58 now.
Ispat industries - Bought @ 17.8, booked @ 18.85. Although looks superb if 17.6 is not broken for levels like 22+. But, buy near 18 only. It leaves us with a risk of 3 % only.
AL chemist - Impulsive trade stopped out @ 182.8. trading bet stopped out @ 175.8.
Piramal health - Advised to go long @ 516 with Sl below 510. ALthough after seeing weakness in it, i requested an exit, cost to cost, OR not to wait for Sl to hit & exit.
Trades initiated this week to be carried forward :
Jindal Saw - Bought @ 203.25 & 197. Maintain the Sl of 193.8 now. To be reduced some @ 216.7, to be booked fully @ 223.6. To be re entered below 213 for higher tgts thereafter.
R power - Bought @ 151. sL 147.8. Tgt 172 & 181.
Tata power - HIts 1230, my buy initiated. Maintain a Sl below 1189 now.
Nitin fire - Why people do not note the levels on a piece of paper/note book. Sl mentioned is 312.8 & its still saved. ( please make a lil shift in sl to be placed below 310 now ).
Xl tele - Traders keep a SL of 25.8 now.
SHORT TRADES
Concor - SL above 1345 has to b maintained. It has got supports at the low made yest. If yest. low broken with volumes, then square off once @ 1212-1215.
Sintex - Did nt i mention, clear ur shorts once below 348 & then re short with same SL of 370. Low made 348 & shooted to hit 370. Now short sellers who have an advantage of 17 rs. after re shorting. Can keep a SL of 362 now. B coz, since it did not break 348, i am expecting it to now break 370. So, 370 now becomes SAR. No shorting advised now but go long above 370 now.
Trades carried forward from previous week :
Kei - Support lies @ 30.5, low made 31.2. 2 % risk, 20 % reward.
WWIL - Low made 13.75. Support suggested 13.65. Make it a SL.
INVESTMENT BETS :
Vishal retail - hits trading SL. I have decided to not to update much on investment bets, to prevent my readers from intervening their positions, as they are meant for longer time frame only.
Sterling biotech - Keep maintaining 104.8 as trading sl. Strong Strong supports for investors @ 90.
No follow ups on above 3 scrips as these are investment picks.
SPECIAL MENTION OF THE WEEK :
Resurgere minerals - as expected hit exactly my tgt 83-87, only in 2 trading days. but we did not enter the trade as a matter of discipline.
Readers requested me to put trade reco's in tabular form, which i do not udnerstand. Somebody help me sending me the example in which, reco's have been presented in the tabular form & also details, how to present reco's in tabular form, as i am too dumb to know this.
one more suggestion followed, i will be mentioning through comments of any post, to intimate that new post is done.
Please find a link, below for a SAI CHAMATKAR.
http://www.4shared.com/photo/dTn2HV6Y/OM_online.html
HAPPY SAILING
OM SAI RAM
32 comments:
Dear rakesh
as expected, GMDC comes near 117-8, longs now can be initiated keeping SL below 115.
Sir,
As you favour LONG trades mostly, don't you think that in a falling market your trades will meet stop loss more than the targets?
n.b.: I asked this from academic interest only.
THANKS.
VVVVV
smart question, probably possible. But, then i might not get enough buy signal in a falling market to generate buy calls.
Moreover, as soon as i feel that market have seen a turnaround, my focus will shift towards sell calls.
Agressive quantity of hcc can be added, since its at a level of no risk only gain. Risk of only 10 paisa
57.8 is our sl, it shud not trade below that now, else exit
HCC hits, we miss, exit.
BUy nb ventures
intraday tgt 376.7, place SL below 358
Positional tgt 393-396
Also, 2-3 months holding can give u tgts like 422-428. But, for this move, if 358 hits, consolidation around 345-348 will be required. Place sl below 342 for this.
Gm rochak ji
have a profitable day
Good Morning, this is Mansoor from U.P.
Rochak sir, good mng. I am vgs and wd need your advise on hdil if u r tracking it last time u guided me and i saved my losss now i have entered in 278 what i do pl advise when u find time as I know you r too busy
thanks
vgs
good morning musti
welcome mansoor
Concor short sell call hits sl.
Sintex high 375 is a fake high, keep trailing with 370.05 as sl.
These freak trades can easily be traced by checking either bse/nse quotes or FNO quote in case scrip is in fno segement.
hello vg
Suggestions for you
1. Dont love any stock, as at a given point of time, u wud wanna carry ur beloved stock as well as stocks recommended by me & then by somebody else. This may lead u to over trading OR leverage.
2. Dont seek advises from too many diff. persons as diff. persons have different ways of analyzing. This may confuse u about ur holding, since u wud get different levels to follow.
3. U shud always seek advise from the same person, who has advised u to initiate, for further actions.
4.I had already stated, let it come down to 241-238 to initiate further long.
5. For me its weak now.
exit from nb ventures
looks disappointing
Thank u Rochak sir.
vgs
once in a while every 3 months, indices get over sold & over bought. But, the move which we are seeing this time around, comes every six months only. i.e. Market keep taking stop loss of one side continously. During such moves, 8 out of 10 scrips either comes very close to their supports OR breaks their support to consolidate & make a new support. That is what going on at this juncture in india markets. Under such circumstances what helps us, is our trading discipline, a deleveraged position & a whole lot of patience. Trader who tend to buy shares out of his own capital, instead of playing on broker's money survives during such moves. B coz, even at supports, if stocks dont take out stop losses, stocks tend to consolidate at lower levels for such a longer period, to test ur patience, that at last u loose out to liquidate ur positions. But, to maintain a survival in the markets, strict SL shud be kept, as u dont know which scrips take out its support & which doesnt.
According to me, after this thunder is setteled, markets are poised to make a secular move, in such a manner, that it may lead to an euphoria. During just 125-150 points of move, u will see scrips scoring more than 20-25 % in less than a week's time. This is what i am predicting about our markets for the times ahead. Although, markets are always supreme & can prove u wrong anytime.
FOr such euphoric moves, following scrips are suggested to go long
Tata power, wwil, kei, ashapura minechem, emami infra, tips industries, pirmal health, r power, powergrid etc. More such scrips wud be identified & referred to my readers. But, one wud have to maintain a strict strict sl during trading these moves. Some of above scrips have already been recommended, with their resp. sl's. please maintain SL's while trading them.
Scrips mentioned above OR my views about indices are not really bound to be correct & markets, with their movement ahead, can alway prove me wrong. So, please stay light & keep ur volumes less. We can always increase our volumes on the upmove also, when things get settled down.
I hope message is conveyed & taken properly.
happy sailing
Following are very very low risk trades mentioned with their resp. Stp losses.
Jyoti structures - 131-132, Sl below 127.
Ramsaroop - 61.5 ( lower circuit ) OR tomorrow below 60. Sl is below 57.
Resurgere - Close to 71. Sl below 68.
ramco systems - buy close to 102, SL below 99
On all above scrips , positions can be taken by readers according to their own risk apetite. Although, recommendations will be issued for the same purpose, as & when appropriate.
I feel indices will need 2 more days to consolidate for scrips to settle around their supports & move ahead.
tech mahindra also is a wonderful opportunity, provided that it doesnt break 630. 20 % upside possible in next 3-6 weeks.
somehow managing to post this comment, as when i came back home after a busy day, i discovered that my mouse is not working.
This is the reason i might not update Sai Bhajan for this Sai Vaar before evening.
one low trade risk initiated
Ramco systems, keep a sl below 99 now.
Resuregere close to 71 with a SL below 68
Ramsarup below 60 with a SL below 57.
Jyoti structures 131-132, with a SL below 127.
Tech mahindra , close to 631, Sl below 615. ( its actually bought today)
The indices are extremely oversold, so are variety of stocks, this kind of move comes once in a while in a 3 month time. So, as per my experience, this kind of broadly oversold status, might now come in 3 months. Hence, readers can easily blame that i am into over trading. But, one more day like this, & so many scrips around us , wud be oversold that we wont be able to limit ourselves to 6-7 stocks. ALthough, there are more than 25 stocks on my radar, that deserves to be bought. But, limiting myself to less than 10 scrips.
My updates might get irregular for some time from now, due to my health related issue, but then my recommendations always carry instructions in details , 2easy2follow. So, keep sailing
& HAPPY SAILING
P.S. - not posting Sai bhajan, this Sai vaar, as i told , my mouse is not working. Will post soon as soon as i replace my mouse.
exited WWIL yesterday. May one buy it again?
scrips once exited, can be bought again. There is no rule that re entry shud be avoided once sl is gone. But, signal shud b generated 4such move. Look up for a early morning nse spot volumes of more than 3.5 lacs by 12 am, if 13.3 is protected. Other wise, wait for 16.8 to be cleared.
VVVVV
rather i advise u to look for some fresh opportunities like
tech mahindra - sl below 628(my preference ).
tata power - SL below 1188
R power - SL below 147.8
If markets are not gonna fall from here, kei is a wonderful opportunity.
Let me try & explain, why kei & wwil r behaving in a subdued manner.
Well mostly 95 % recommendations generated on these counters are buy recommendations. Be it a website, or a tv analyst, or a brokerage house. Maximum outstanding positions are long in both of them. Now, when such kind of leverage is formed in any scrip, it makes burden on to it. So, a smooth ride, with such a burden, doesnt become possible. So such kinds of scrips start behaving subdued, i.e. instead of a price correction, such scrip display time correction. They keep revolving around a narrow price band, frustating the people having positions in them, lightens the leveraged positions, jerking off the weak hands & when even the most optimistic people leaves off the hope, they display their show.
These are my personal views, markets dont care about my views & have their own moves. ALthough, if 30.5 & 13.30 in kei & wwil resp. are gone, structure become bearish & then they will require to consolidate to form a new bull set up to move ahead.
Please apply proper sl, money management & caution while having positions in them
happy sailing
P.S. - for the time being mouse is working f9. sometime it works, sometime it doesnt. May b again a virus issue.
prefer tech mahindra & jyoti structures , over ramsaroop & ramco( these both can be avoided )
Jyoti structures suggested yest. looks good either @ 132 OR above 137. SL below 127.
PHEWWWWWWWWWWWWWWWW !
This is wat mkts can do2u. It can suck out ur patience,shatter ur confidence, but then i had full faith on my systems. Yet, wwil & nitin fire are huge setbacks for me, but then to be compensated by emami infra, ramsaroop, resurgere, tech mahindra, r power & few others.
i thanks my readers for their co operation in these tuff times & i feel sorry for nitin fire & wwil.
ALthough i feel wwil is a good opportunity, but we cant keep chasing a stock which keep eating our stop losses, so better leave it & look for some other better opportunities around.
ramco stopped out
Here is a junk but sure shot stock for all of you
buy think soft IF :
1. It breaks 117 on upside & volume is more than 80000(nse spot, before 1 pm )
OR
2. close to 104-106
But, book profits @ appropriate lvls. as Stock is ALL SET TO HIT 80-75 in next 3-4 mnths.
exit sintex if it hits 367 now, we will re short it now on the break of 349.
exit sintex shorts
BUT
hold all long calls tightier, we are in for a ride, euphoric ride, in 3-4 days time.
emami & ramsaroop book 60 % on the next upper circuit. Keep rest for 20 % from here . Do not get panic if they dip.
resurgere, r power, tata power, tech mahindra, jindal saw, xl tele all are rocking & are a tight hold.
Keep holding kei for a super duper tgts in 2-3 weeks time.
Jyoti also looks good for 155+ kind of levels.
United spirits is a big big b/o & is to be bought tomorrow morning if available @ 1510-1525. It will replace ramsaroop & emami infra which are to b squared off tomorrow morning. I am expecting 10 % kind of returns on united spirits in 2-3 weeks time.
i have created a yahoo mail account to add yahoo messenger link to my blog. But, then, i am really irritated of the junk/spam mails of lottery etc on my mail account. I welcome any suggestion on this
1. Any alternate for yahoo messenger, so that i delete my yahoo messenger id.
2. ANy procedure to due to which i do not receive these spam/junk mails ( i am aware of reporting them as spam, but how many times i do that ). this will help me maintaining my yahoo messenger instead of finding some other messenger.
please switch to following new post for comments/discussions/query.
http://stock2gains.blogspot.com/2010/09/sai-bhajan.html
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