Trade updates + Sai chamatkar + short story !

HANUMAN JI IN A STANDING POSE

Hello friends !

SP. MENTION - Please feel free 2 use dis weekend as an opportunity to discuss to make dis blog as a better place 2 visit ( suggestions & healthy criticism r welcome )

Didnt i clearly stated just 4 days ago, that several such 1-2 % of losses out of failure trades can easily be made up, by 12 - 15 % profits we make in successful trades, provided that we remain consistent & disciplined . Isnt my point proven with our trades in ramsaroop, tech mahindra & thinksoft.

We had a great week behind us. All our stocks were picked @ bottom & many of them are at good returns. Lets have a glance, what did we do this week.

Ramsaroop - stock made a bottom of 58.45. Guess, what was the stop loss suggested, 57.80. Well, v bought @ 60 & advised to book above 70. This profit is booked as a matter of discipline as we wanted to liquidate some positions to take fresh trades.

Thinksoft - We picked up the stock on the crossover of 117. Although @ recommendation stock was trading @ 114, & the low made is 113, even then, its such a junk stock that i did nt want my readers to indulge in such a stock, untill a clear buy signal emerges. & then as a matter of discipline profit booking advised @ 135. 18 rs.(15%) that too within 2 days is not bad at all.

Sintex - I had clearly in my mind the fact, that it has reversed 6-7 times already from 369-370 kind of band, & then it has not fallen below its support 348-345 as mentioned.So, either it has to trade below 350-348 OR it carries a risk of breaking 370 on the upside. This time, if it reverses from 352-355 kind of levels. & same thing happened. SO, we had an early, graceful & profitable exit from our short.

Resurgere minerals - ALthough it reversed its downtrend from 70 level, after we bought it @ 71 & then given us a wonderful opportunity to book profits as per our 4 % rule, but then when it broke 71 again on the downside, after having scored a high of 75, it was a probability that it breaks 69 ( our SL ) this time, & then we also have to make room for fresh trades, so as a matter of discipline to not to have positions in more than 6-7 stocks at a given point of time, we squared off this on a minimal 2 % loss. Our decision proved right, when it broke our sl 69 & fallen further.

Fresh trades initiated in between :

Ispat industries - we had once booked profits of 5 %, when picked up @ bottom of 17.8 ( low made 17.8). But, then it gave a crystal clear buy signal on the crossover of its resistance @ 20 that too associated with huge volumes. So, took a decision to go long immediately without waiting. Then one of the blog mate asked next day, what levels its to be bought, i gave him levels of 19.40-19.55. & low made after my recommendation is 19.55. Isnt it amazing.

Mcdowells - Asked to wait for a level like 1510-1525 to initiate a buy. Low made so far is 1508 & stock went as high as 1545 after that. SHud carry this for a lvls like 1650-1670 next week.

SIntex industries _ WIth the initiation of short call, it was well established that its a bull stock above 370. & when same move happenend in sintex , that too associated with huge volumes, there was no point to wait to buy this stock. Well, if it crosses levels like 376-78 on monday, its a clear cut hold for tgts like 405/422 in next 2-3 weeks time. SL can easily be placed below 366-65 for such tgts.

Tech mahindra - Book some profits above 720 on monday/tuesday, as a matter of discipline as 15 % is not bad in 4 trading days. Please re enter it as per ur convenience for higher tgts like 780/825, since structure is positive.

ALl other stocks we own like kei, tata power, r power, jindal saw are a strong hold with a TSl for tgts mentioned.

Introducing the following story in series of short inspirational stories from this weekend to be posted every weekend.

Once upon a time there was this girl who had four boyfriends.

She loved the 4th boyfriend the most and adored him with rich robes and treated him to the finest of delicacies. She gave him nothing but the best.

She also loved the 3rd boyfriend very much and was always showing him off to neighboring kingdoms. However, she feared that one day he would leave her for another.

She also loved her 2nd boyfriend. He was her confidant and was always kind, considerate and patient with her. Whenever this girl faced a problem, she could confide in him, and he would help her get through the difficult times.

The girls 1st boyfriend was a very loyal partner and had made great contributions in maintaining her wealth and kingdom. However, she d id not love the first boyfriend. Although he loved her deeply, she hardly took notice of him!

One day, the girl fell ill and she knew her time was short. She thought of her luxurious life and wondered, I now have four boyfriends with me, but when I die, I'll be all alone.'

Thus, she asked the 4th boyfriend, 'I loved you the most, endowed you with the finest clothing and showered great care over you. Now that I'm dying, will you follow me and keep me company?'

'No way!', replied the 4th boyfriend, and he walked away without another word..

His answer cut like a sharp knife right into her heart.

The sad girl then asked the 3rd boyfriend, 'I loved you all my life. Now that I'm dying, will you follow me and keep me company?'

'No!', replied the 3rd boyfriend. 'Life is too good! When you die, I'm going to marry someone else!'

Her heart sank and turned cold.

She then asked the 2nd boyfriend, 'I have always
turned to you for help and you've always been there for me.

When I die, will you follow me and keep me company?'

'I'm sorry, I can't help you out this time!', replied the 2nd boyfriend. 'At the very most, I can only walk with you to your grave.'

His answer struck her like a bolt of lightning, and the girl was devastated.

Then a voice called out: 'I'll go with you. I'll follow you no matter where you go..'

The girl looked up, and there was his first boyfriend. He was very skinny as he suffered from malnutrition and neglect.

Greatly grieved, the girl said, 'I should have taken much better care of you when I had the chance!'

In truth, you have 4 boyfriends in your lives:

Your 4th boyfriend is your body. No matter how much time and effort you lavish in making it look good, it will leave you when you die.

Your 3rd boyfriend is your possessions, status and wealth.When you die, it will all go to others.

Your 2nd boyfriend is your family and friends. No matter how much they have been there for you, the furthest they can stay by you is up to the grave.

And your 1st boyfriend is your Soul. Often neglected in pursuit of wealth, power and pleasures of the world.

However, your Soul is the only thing that will follow you where ever you go.Cultivate, strengthen and cherish it now, for it is the only part of you that will follow you to the throne of God and continue with you throughout Eternity.

Thought for the day:Remember, when the world pushes you to your knees,you're in the perfect position to pray.

Pass this on to someone you care about.

Happy Sailing

OM SAI RAM