Hello friends

Regular visitors wud remember that i had mentioned about the possibility of false b/o in indices to be followed in stock specific activities also. It seems, that the same is going on now. For the latest, examples are tech mahindra ( not confirmed yet ) & tata global. So, for the time being, i request readers to please avoid those reco's which are mentioned as to be initiated above the conquering of a particular level.

Trade updates

Xl tele - Stop loss hit, lost 1 %.

Petronet - Stopped out, 1 % lost.

GSPL - Keep SL of 120, 1 % below our buy level & also break out level.

Essar oil - Sl hit, again we made a graceful exit with only 1 % loss.

Asian paints - Sl hits in buy call & sell call generated. Sl for sell call is to be given later. For the time being, only agressive players are suggested to remain in short traders, whereas conservative players are kindly requested to wait for next better opportunity.

Jyoti structures - Heavy accumulation done, Now, keep a SL below 132. Although, there are lot of resistance for jyoti , way ahead.

Ptc - Keep holding with a SL below 134.

Tech mahindra - Those who bought on the break out above 800, r requested to sell tomorrow close to 794 to be entered later, on the next signal. OR risky players, kindly keep carrying wth a SL below 765.

Dchl - Bought @ 125.4, scores 136, more to come, please book some above 139, to buy later on the cross over of 142 OR again on dips, close to 127.

This all stop losses hits are the result of stocks following indices for a false break out, as mentioned in the last post. So ,all these stocks wud now be a buy as & when mentioned OR crosses the recent highs made. ALso, i have proved earlier also, that these 1-2-3 % losses made , can always be handsomely compensated by our successful trades, if we remain, disciplined & most importantly consistent. So, better be safe, than sorry my friend. Keep waiting for the levels mentioned to initiate a trade, OR simply avoid. since, i have always been giving levels, after a lots of exercises, so that if any stop loss hit, doesnt cause u a loss of more than 2 %.

Well, out of the exercises, i have been doing on false b/o in indices & stock specifics, i have come down to a list of stocks, which are strong for the next upmove.

Hind motors - Earlier bought @ 24.2. No fresh initiation, buy close to 24 or avoid.

Tech mahindra - Safe to wait, to buy below 730 or wait for the next call.

Tata power - Please wait for the levels like 1240 & lower OR my next reco. Agressive players might consider to initiate a long close to 1382-87 with a SL below 1367.

Jyoti structures - We already have a buy position @ 134. Conservative players, might consider a cross over of 150 to initiate a buy. Agressive players, buy below 133 with a SL below 128.

All cargo - We have a buy position @ 156 & earlier @ 152. Fresh trades can be initiated. Maintain a Sl below 150.

R power - We have a position @ 157 & earlier we had bought @ 151. No fresh positions suggested, unless it is below 156 levels. Same SL as of ALl cargo.

GTL - Sl below 411. Fresh longs also can be initiated.

GVK - SL below 41. We had a buy close to 42. Fresh longs are suggestive only close to 42, or avoid.

Sterling biotech - We bought it @ 106 earlier. Fresh longs can be considered 50 % 112-113 & 50 % close to 107 ( doesnt seem like going there )

Unity infra - Close to 109, Sl Below 105.

Inox - ONly close to 72 ( risky ), SL below 68. but safe, if somehow managed to buy @ 70. We bought it earlier @ 70.2 & booked close to 76.

HOPFL - Only below 75, with a SL below 72. Risky players, may consider to buy @ 77-76.

Suven life sciences - ONly below 27 with a SL below 26.

Power grid - Close to 99, SL below 97.

NTPC - Only close to 195, SL below 192

Gammon india - ONly close to 197, SL below 194.

Castrol - Close to 464, Sl below 453.

Also, there are few other stocks also, but i think, they have gone out of the reach now So, no point discussing them , since, it wud be like fascinating newbies traders @ higher risky levels.

I know, i am repeating earlier recommendations, but all the above mentioned stocks have shown a good struggle to not to fall further, hence, mentioning them again. But, also i believe that due to expiry jittery & also, habit of markets to jerk off the weak hands, we might see one more round of selling. So, please maintain a cautiously long positions in the scrips mentioned with Strict SL's.

HAPPY SAILING

OM SAI RAM