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

Trade updates + Sai bhajan

Hello friends

Wanna mention, instead of creating new post only for 1 or 2 trades, i have decided to suggest fresh trades through comment section of the last updated post. So, requesting readers to visit comments section also on regular basis, for fresh trades updation.

Lets get back to work.

HCC - we missed to buy HCC by 3 rs. only, but mega rise in HCC proved that if bought, it wud have been an instant success( yet to be marked as " trade not initiated " )

Biocon - Buy initiated for agressives only & they booked out also a 50 % quantity as per 4 % rule @ 322.

MRPL - we were supposed to buy < 72, which did not happen. A short sell has been suggested & been initiated. Keep a SL of 82.05 now. Buy agressively, if trade < 72.

OFSS - Again, we could not buy. Trade not initiated.

Indian hotels - To be bought either close to 98 OR > 103. Keep it on radar.

Ultratech cement - Sold @ 867, Sl now 874. Tgt 845 & 831.

PFC - Sold @ 331. SL now 334.05. Tgts 318/310/296.

Orient papers - Quantity bought close to 52, suggested to book @ 54.6, as per 4 % rule for conservatives only so as to reduce buying cost by 2 rs.

Since, its a SAI VAAR today, here is a Sai baba bhajan 4all of u. ENJOY.

http://www.4shared.com/audio/J5ekpv7o/Baba_Ki_Rehmato_Ka_Ye_Kamal_De.html

Happy Sailing.

Om Sai Ram.

Trade updates !

Hello friends !

Om Sai Ram.

Lets talk about the trades v have on our hand.

Sterling Biotech - Beautifully, provided us an opportunity to reduce our bearing cost, by our 4 % rule, ranging between 105.5 to 110.6 ( Isnt our 4 % rule working wonderfully ). Now, v have a luxury of all the worlds to hold the trade with a trading SL of 105.

Orient papers - Time 2 buy 30 % quantity now ( 20 % quantity being bought @ 53.6 ), close to 52. Rest 50 % to be bought only if v get levels below 50.

Had requested u all to keep an eye on MRPL, OFSS, BIOCON & HCC. arent them all providing us an opportunity to buy. That also shows my confidence that we would get a better buying opportunity in all above stocks, while posting.

MRPL- anything below 72 is a buy, keep a SL of 69. TGT 1.- 78.5 . Tgt 2.- 84.

OFSS - Buy between 2040-2055, SL 1985. TGTS in the range of 2240-2270.

HCC - Buy between 124-122. Tgt.1-131, Tgt 2.-134. Super lative tgt > 155, medium term. SL 117.

BIOCON - B4 giving levels 4 biocon, wud remind u of my views expressed under the link ( http://stock2gains.blogspot.com/2010/07/well-this-is-how-failure-is.html ) & check my tgt levels for shorting. All perfectly met, as planned. Unfortunate to have the Sl hit by a percent only.

Now, as stated, biocon is a buy now. Buy between 309-312 for agressives & below 308 for conservatives. Sl 298. Tgt 1 322, tgt 2 329. medium term tgts 360 +

MCDOWELLS - By the time, i am posting this, i am quite uncomfortable with the rise, mcdowells had , in last couple of weeks. + all the qualities there, what biocon had, while we decided to had a short call on biocon. So, try a luck to short MCDOWELLS ( CAUTION : all my previous short calls have been a failure ) @ 1450-1465, keep a SL of 1479. Tgt 1- 1390 , tgt 2.- 1378.

Now, views for all above 4 scrips are broader views. As soon as i see volume build up into them, i would generate my immediate buy calls. Agressive can go ahead with the above levels as & when they come.

I hope, my readers looking positive to wait for my monthly performance report card.

Happy Sailing

Trade updates + Sai Bhajan !

Trade updates

Sterling biotech - everything happening. Volume increased, resistance band of 107.5-108.5 conquered, Sl 105 guarded.

GVKPIL - Buy initiated.

Vishal retail - 51-53 band wud prove now a stiff resistance.

Orient paper - 1/5 th quantity bought, waiting for a dip to buy the rest.

Keep these scrips on the radar now

MRPL, Biocon, HCC, & OFSS.

would come up soon with the details as soon as the opportunity knocks in.

Please find the Sai bhajan in the following link & enjoy your Sai Vaar.

http://www.4shared.com/audio/4Fq0_J36/Adbhut_hai_tera_naam_sai.html

Happy sailing.

Om Sai Ram.


P.S. - Watch out this space for my MONTHLY PERFORMANCE REPORT, this weekend.