WWWW-Week Which Was Weak !

Hello friends !

This week has been the most disappointing week, since 9 weeks of my blogging. My trade summary suggests same. Although, monthly summary is gonna follow soon this thursday. But, this week, most of my trades remained subdued OR stopped out OR trade not initiated . Although, as discussed friday, almost all scrips which are on my radar are trading @ their respective supports. This signals a stage in the indices, for a make or break level. This view may come true in the coming week, as US indices have closed bullish. Lets talk about our trades.

Trades closed this week :

Astra zen - Stopped out, lost 1 %. But, did u people see the magic of level 1180 mentioned. it once again took support @ 1180 & hit 1274. I wish, somebody wud hav read & follow recommendation appropriately & made money.

Orient paper - Re entry stopped out.

Ankur drugs - Since, i do not remain always on screen, so, when while leaving my screen, when i see ankur drugs making a low of 120.00, that too in mid of the session, i advised an exit from long positions. To the best of my surprise, when i checked the scrip later on, low made was 120.00 itself ( i.e. we didnt stopped out ). I wish somebody maintained SL below 120 inspite of my suggestion to exit. NOW u people can clearly understand the importance of 5 PAISA.

Trades initiated & closed also in this week :

Jyoti structure - I choose option no. 2. whereas 20 % of quantity was suggested to b bought @ 138, with SL below 136. It hit my tgt 150, which was mentioned & reversed back. Hope the readers are satisfied by the levls if not by the quantity. Since, it was way far from its SL, i did not advise to buy full quantity.

Hcc - asked to buy @ 61.25 ( low made 61.05 ), asked to sell @ 62.65 ( high made 62.85 ) i hope readers like the game of picking top & bottom. I hope readers went long, as advised, to go long @ 59.5 ( low made 59.8). Maintain a SL below 58 now.

Ispat industries - Bought @ 17.8, booked @ 18.85. Although looks superb if 17.6 is not broken for levels like 22+. But, buy near 18 only. It leaves us with a risk of 3 % only.

AL chemist - Impulsive trade stopped out @ 182.8. trading bet stopped out @ 175.8.

Piramal health - Advised to go long @ 516 with Sl below 510. ALthough after seeing weakness in it, i requested an exit, cost to cost, OR not to wait for Sl to hit & exit.

Trades initiated this week to be carried forward :

Jindal Saw - Bought @ 203.25 & 197. Maintain the Sl of 193.8 now. To be reduced some @ 216.7, to be booked fully @ 223.6. To be re entered below 213 for higher tgts thereafter.

R power - Bought @ 151. sL 147.8. Tgt 172 & 181.


Tata power - HIts 1230, my buy initiated. Maintain a Sl below 1189 now.


Nitin fire - Why people do not note the levels on a piece of paper/note book. Sl mentioned is 312.8 & its still saved. ( please make a lil shift in sl to be placed below 310 now ).

Xl tele - Traders keep a SL of 25.8 now.

SHORT TRADES

Concor - SL above 1345 has to b maintained. It has got supports at the low made yest. If yest. low broken with volumes, then square off once @ 1212-1215.

Sintex - Did nt i mention, clear ur shorts once below 348 & then re short with same SL of 370. Low made 348 & shooted to hit 370. Now short sellers who have an advantage of 17 rs. after re shorting. Can keep a SL of 362 now. B coz, since it did not break 348, i am expecting it to now break 370. So, 370 now becomes SAR. No shorting advised now but go long above 370 now.



Trades carried forward from previous week :

Kei - Support lies @ 30.5, low made 31.2. 2 % risk, 20 % reward.

WWIL - Low made 13.75. Support suggested 13.65. Make it a SL.

INVESTMENT BETS :

Vishal retail - hits trading SL. I have decided to not to update much on investment bets, to prevent my readers from intervening their positions, as they are meant for longer time frame only.

Sterling biotech - Keep maintaining 104.8 as trading sl. Strong Strong supports for investors @ 90.

No follow ups on above 3 scrips as these are investment picks.

SPECIAL MENTION OF THE WEEK :

Resurgere minerals - as expected hit exactly my tgt 83-87, only in 2 trading days. but we did not enter the trade as a matter of discipline.

Readers requested me to put trade reco's in tabular form, which i do not udnerstand. Somebody help me sending me the example in which, reco's have been presented in the tabular form & also details, how to present reco's in tabular form, as i am too dumb to know this.

one more suggestion followed, i will be mentioning through comments of any post, to intimate that new post is done.

Please find a link, below for a SAI CHAMATKAR.

http://www.4shared.com/photo/dTn2HV6Y/OM_online.html

HAPPY SAILING

OM SAI RAM