TCS & BIOCON - CONTRARION BETS !

Hello friends

OM SAI RAM

Here are two contrarion bets for u.

First of all , let me clarify both these bets are Shorting bets. First i was hesitating to post these both shorts, as out of my 6 failures so far 2 have been shorting bets. But then i thought, i created this blog to post, what i see. Both these stocks are close to their life time high & attracting heavy volumes also, hence, these are termed as contrarion bets. u got to keep strict strict sl, if u r playing these.

TCS - Shorts can be created for anything > 840, 848 being sl & targets not more than 5 % from this levels.

Biocon - This is riskier amongst the two. Short @ CMP, keep a SL of 331. i expect at least 321 & 316.

Both these stocks are gonna spring back to break their current life highs , but i am expecting them to cool off a bit before doing that, hence taking a contrarion risk.

Happy Sailing

P.S. - BIOCON hitting 331.4 while i am posting this. I am still hopeful, keep 332.05 as SL & play this high risk. all the best.

Trade updates !

Hello friends !

Om Sai Ram !


Grasim - It was our caution only which lead us 2 square off grasim intraday.

Indian hotel - Look2book in 108-110 band, SL 104.5.

Ifci - I hope profit locked > 59, if not wait 4 a level >61 with a TSL 57.

Vishal retail - a good investment bet, block buster investing opportunity, investors try2buy in the range 53-51, traders buy close to 53, trader's target 1.-59, 2.-66. Medium term investor's target 8least 92-97. SL 48.

HDIL - Try a short >258 with a trading basis SL 260, tgt 253.5, agressive tgt 248, all spot.

Century textiles - agressive buy 460-461, conservative wait 2 buy 458-457, SL 454, tgt 8least 470, tgt 2-484. All spot.

Happy sailing.

Not only i am busy with the business i own but i wouldnt want my readers to be indulged into a trade untill i am sure. Just dont trade 4an itch2trade.