Trade updates !

Hello friends

B/O's or B/D's are what, traders look at as a signal to initiate their trades. & this time, i think, operators have decided to trap these traders, who wait either for a B/O OR B/D to initiate a trade.

Indices itself, gave a FALSE b/o crossing 6222 to score a high like 6284 & came down with speed. Now, i can see many scrips following the path of nifty itself. So, it seems, FALSE BREAKOUT is the flavour of the season.

TRADE UPDATES

ICSA - Shorts stopped out.

Elder pharma - Bought @ 392.

Essar oil - Bought, as it crossed 148 on upside.

DCHL - Bought @ 125.4.

STILL ON RADAR2B INITIATED

GIPCL - 2b bought above 122.

FCS soft - Junk stock, 2 b bought only below/close to 1.85.

Suven Life sciences - 2b bought between 28.2-27.8.

HCL tech - 2 b bought above 448.

Zensar tech - Above 165.

Tech mahindra - 2 b bought either below 728 or above 800.

HOPFL - ONLY below 75, SL below 72.

UNITY INFRA - 2B bought close/below 109, SL below 105.

EARLIER TRADES

Inox - Scores 76, after we initiated the trade.

PTC - Scores 139, Bought @ 128.

Asian paints - Scores 2660, bought @ 2615.

Jindal Saw - Scores 235 & still roaring high, bought @ 222.

GVK - Scores 46, Bought @ 42.

Hind motors - Scores 27.5, bought @ 24.

All cargo - Bought @ 155, scores 164.

NOW, let me clarify u all about the false break outs, i am guaging in few stocks. As mentioned, indices went throught a false break out & fell heavily. Same trend is being followed by many stocks to trap the traders, initiating the trade, on b/o's.

We also have a position in such stocks, so now onwards got to be alert in those scrips.

Essar oil - Bought it on a break out above 148. So, now, simply keep a SL below 147 to save ourselves from any whipsaws.

Petronet - Keep a SL below 124 now.

Detailed post, mentioning other such scrips later.

What i simply mean, is, that the scrips which are on my radar/being monitored, all have given a beautiful b/o's on upside on monthly scale, along with the indices. But, with just countable days left in this month, markets will have to show a huge huge rally on the upside, to prove that these were a real B/o's. But, since, i can see, all these scrips have broken the crucial levels ( intermediate lows )on the downside, is, what i think, enough base to assume, that they were some real false b/o's.

ALthough, as everybody knows, market can prove anybody wrong @ a given point of time.

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HAPPY SAILING

JAI SAI RAM