Sai Bhajan & trade updates !

Buy elder pharma, RISKY one, 392 or lower, SL 384. Tgts 414/422 & 429.

3.23pm, 21 st OCT.
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Let me repeat & remind - This is 1st time, we are tracking more than 30 trades. Let me clarify, so many trades are provided, just to ensure, that visitors are not running after a stock, which has gone, out of the reach, but to wait patiently & trade only in that stock that is within our reach & close to levels mentioned.

2.10pm, 21 st october
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Square off tata power on any dips to 1400-1397 & pocket the 2 % gains we are getting. Huge base formed @ 1465-72. Short sell again, if crosses 1470 on downside.

1.45 pm, 21st october
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Well, its an established fact that markets are supreme. They can & always have an habit to prove anybody wrong. I think, this time its me. Well, few trades suggested by me stopped out e.g. Idbi, FT,nmdc, BUT u know, successes & failures are part of trading business. What best we can do, is be consistent, disciplined in our efforts & to wait patiently to bet our trades in such a manner that risk reward ratio favours our trade. We shud always ask ourselves before initiating a trade, we shud ask ourself

1. Why i am initiating this trade ?

2. Are odds in my favour ?

3. Is this the best possible opportunity to enter this trade ?

4. Am i leveraged even before taking this trade ?

5. What is the risk & what is the reward ?

6. Do i know, my entry & exit points ?

7. AM i able to bear losses, if this trade goes against me ?

8. Do i have enough patience, if the trade taken, gets into time correction or consolidation ?

9. Do i have an ability to ignore any other technical/fundamental aspect,which may lead me to close the trade, earlier than i have decided ?

10. AM i comfortable for other further trades, if this trade gets stopped out ?

TRADE UPDATES

Idbi - Stopped out. Like ptc, our positions came into 4 % profits twice & i had also advised, to square off & short further on the break of 154. It reversed from 155.

Nmdc - Stopped out.

Financial tech - Stopped out. Again, we had handsome 3-4 % profits, i hope people still remember & following my 4% rule.

Zee tele - One more example , how well my levels hav been admired by the markets. My sl 284, high made 283.4. Do as advised in trading table.

Nagarjuna construction - 1st tgt achieved. 5 % sure shot gains. Sl suggested was 162. High made is 161.05. Isnt this amazing.

Tata power - Shift Sl to 1422 to lock the profits.

Jindal saw - HUge opportunity, very positive structure. seems, wud not fall now below 212. But to be safe, put SL below 208.

GSPL - Came close to our 1 st tgt. Book only 25 % @ 1st tgt.

Rei ago - We are long from 22.5, it took a huge break out today. But, it might now shift to consolidation phase. Keep trailing.

TRADES INITIATED ON WEDNESDAY

All cargo - Huge volumes, shud not now fall below 150, if volumes occured is accumulation. Wonderful buying opportunity. Keep a strict SL.

R power - As soon as it crossed 165 on upside, bullish structure was confirmed. NOw, it has came down due to market momentum, so this dip is an ideal golden opportunity to buy. We had a buy @ 151 ( low made 150.65 that time ) & sold @ 171 ( high made 171.45 ).

Jyoti structure - HUge huge accumulation done, to maintain the positive structure, now it shud not fall below 129, so keep a SL below 128 & go agressively long.

Asian paints - Keep a SL below 2592. Suggested to put SL below 2600. Low made so far is 2600.

All cargo - Bought @ 155.

Castrol - Asked to buy close to 458, low made is 459. High made is 497. I am still bullish.

Inox - Bought @ 70.3.

Hind motor - Bought @ 24.2.

ON RADAR

Tech mahindra - This, as well as other IT stocks, seems have decided to go on a recession of 1-2 weeks, i.e. time correction. Consider this as buying opportunity. We had bought it @ 638 ( low made 634 ) & booked profits @ 720. One may choose now to buy below 728 with Sl below 690 OR buy above 800.

NEW TRADES

XL tele - Buy close/below 31 , tgts 33.65.

Sterling biotech - Keep SL below 111 & go long.

Petronet - Buy @ 113 or above 125 agressively.

Hcl tech - Buy above 448 agressively.

GIPCL - Buy above 122. Please now dont consider earlier recommendation to buy. If bought please close & buy only above 122.


SAI BHAJAN since its a SAI VAAR today

http://www.4shared.com/account/audio/YHXSc4I7/Dhyan_Laga_Ke_Dekho.html

HAPPY SAILING

OM SAI RAM

TRADE CAUTIOUSLY , b coz, i think, we are close to an intermediate bottom & at these kind of juncture, market makes an impression to fall ferrociously, to jerk off any weaker hands. We have our SL's intact to save us from any disaster. As markets can do anything.