Trade updates !

Hello friends
here is a latest update on my ongoing trades.

UTV SOFT - Agressive stopped out. ( i hope friends remember conservative made money )

IFCI - Conservative tgt completed, booked out. agressive keeps carrying sl 55.5.

BEL - B/o above 1860 ( mentioned in earlier post ) but since conservative & agressive both have a convenience of buying at lower level, i recommend to carry, else conservative can pocket this handsome profit of 5-6 %.

WWIL - Stopped out.

OFSS - Stopped out ( just by 5 rs, but discipline is discipline ).

ABAN - Agressive also stopped out @ 822 ( just 1/2 % above the level where conservative pocketed a handsome 8 % profit )

Indian hotels - Agressive keep carry with a SL of 102, conservatives already had a handsome 4 % profit.

We are gifted with following valuable lessons from above trades. ( learning is an ongoing process. In trading not only failure but successful trades also carry vital lessons )

1. Lesson from UTVSOFT, ABAN, IFCI,Indian hotels - conservative approach has an edge over agressive approach, as conservative gets out with a 4-6 % profit in a shorter time frame, wheareas agressive kept carrying either to stopped out at cost to cost or a profit which is not handsome than conservatives in comparison to time frame they hold.

2. OFSS & WWIL - Even if a volume & price B/O occurs, its worth waiting for a dip to enter to maintain the disciplined approach of making risk reward ratio in our favour, so that even if we stop out, we exit with a minimal loss.

Would like to put up a fact, which is from my heart before my readers.
Data from my sitemeter suggests that my fellow readers keep visiting my blog for an updation. But they would have disappointed for the same. Let me put up valid reasons for the delay in updations.

1. My commitment to the stationery business i own.
2. As i wont let my readers to be indulged into over trading.( its worth having a lesser no. of 4-6 % profit trade rather than numerous other trades to balance our pocketed profit. )

3. My commitment to my readers doesnt allow me to come up with a trade until i see a favourable opportunity.

I hope my readers agree with me & keep co operating.
Dont forget to tune into my blog for a Saibaba Bhajan & most probably with a block buster trade on SAI VAAR.

Till then happy sailing.

Jai sai ram.

Trade update !

Grasim - SL hit.

Indian Hotel - Sl remains 102 closing basis ( for agressives, conservatives already pocketed the profits market offered to them )

ABAN - Looking good. No wonder it fulfills our wishful target today. Only IMPULSIVE keep carrying with a trading SL of 807.
Logic told us a tgt of 818 ( see post dated 25 th june, not only tgt price but tgt period also mentioned ). Intuition told us a tgt of 880. Here, market suggests us a lesson. Always prefer LOGIC over INTUITION. Here is why experienced trader has a upper hand over a newbie trader. Experienced trader accepts happily what market offers whereas Newbie simply wants market to fulfill his wishful thinking. Please always find market as a place for logics rather than wishes ( wud come up with a detailed post on the same this weekend, dont miss out )

BEL - Doesnt look like breaking the downside level mentioned yest. Safe to have a SL of 1693 ( cost to cost ).

UTV - Agressive keep trailing with a sl of 401 ( trading basis ).

Even this is my 2nd week of blogging, today being a last day of month, would come up with a brief summary of my trades just to make my readers familiar with my trading style ( doing this would let me not go into detailed following up of my future trades ). This is 1 st reason i am not giving new trades, 2 nd being let them avoid over trading.

So keep SAILING HAPPILY as ever.

OM SHRI SAI YASH KAAY SHIRDI VASINE NAMAH !

Quick trade update

Hello friends

Let me update all of you with our ongoing trades :

1. Aban - Completed the tgt.( go through my old post ) mentioned. Conservative can book. My intuition ( statutory warning - trading on intuitions is hazardous to wealth ) says it can show a 880-885 kind of level today itself if doesnt break current intraday low ( only for agressives )

2. Grasim - Move ur SL to 1788 now.

3. BEL - Seems rangebound between 1690-1760. Strong on a cross over of 1760, but weak below 1690. move your sl to 1688 now.

4. Indian hotels - Looking good, keep patience ( Most vital key to success in equity trading ) or move SL to 102.90.

5. Utv soft - Conservative already booked, agressive move SL to 400 now.

Since, all my trades would be well equipped with details on SL & targets, i wud come down 2 u 4 newer trades only rather than updates.

Would mention that TULIP IT( 855 ), Noida toll(28), HDIL ( 244 ) were also on my radar, but since we were already having 5 ongoing positions, i did not want my readers to be indulge into overtrading, so did not suggest.

Ring u all as soon as i see something hot cooking, till then HAPPY SAILING.

SHRI SADGURU SAINATHARPAN MASTU SHUBHAM BHAVTU

Trade update

Hello friends

let us quickly go through the trades we are tracking.

Aban - Trading above the range mentioned for agressive. Ideally if B/O occurs, should not fall below the b/o level. Agressive keeps an SL 725, conservative 746.

Indian Hotels - Continuing with HH/HL series, SL below 102 seems ok for now.

Patni - Made a nice lil low of 486, still on our radar but not an immediate buy.

IGL - Would wait for it to come down to a level below 240-238, or simply leave it.

BEL - Bought, keep a SL of 1670 on trading basis.

Grasim - Bought, keep a SL of 1780 on trading basis.

MRPL - Had mentioned it friday on I lango sir's blog, i hope somebody followed, here is the link.( did not mention here, now its too late to jump into the trade )

LINK-http://tradeinniftyonly.blogspot.com/2010/06/nifty-intraday-update-i_25.html

( SL's are matter of not only one's comfort level but risk apetite also, keep tracking your profits with a TSL keeping above 2 factors into mind. ALways cut the losses & let the profit trail. )

Would come again later to all of you, whenever something needs to be mentioned, till then HAPPY SAILING.

Trading quote 4d day - Never apply 2 different theories for d same trade, you wud end up only guessing about your sl & targets.

OM SAI RAM

Scrips on our radar

SHRADDHA SABURI
Hello friends

Let me brief u a lil about the scrips on our radar towards which i am looking forward to take a trade.

1. Aban off shore : Structure seems positive to us, volumes favouring a buy. Only hurdle is a supply @ 758-763 zone, if cleared then expect a quick move upto 818 at least within a couple of days. Support lies @ 717-726. Since risk reward ratio not suggesting a buy here. Try buying closer to 712-716 band ( conservative ). Agressives can initiate a trade on a cross over of 762.

2. Grasim : Same is the case with grasim, volumes already there. Just waiting for it to cross 1840-1845 kind of band or a buy closer to its support 1790-1795. Agressive can buy on a crossover of a band of the above mentioned resistance band.

3.Igl - Its not a buy right now, but keep an eye on it. would come up with details on the weekend.

4.Patni computers - It is also not an immediate buy. Keep an eye on it.

5.Indian hotels - Looks like gearing up to hit our targets mentioned yesterday.

6. BEL - Had already mentioned as a buy candidate last week. Please wait for details.
All above trades are at a premature stage

Would come up with more write up about above mentioned scrips and also my approach to trading with a detail this weekend. Looking forward towards a co-operation.

DISCLAIMER - Please consider the content of this blog as an educative material only. Trades initiated on the write up in this blog are reader's responsibility.