HELLO FRIENDS,
ALthough , this post is for trades, for wednesday, 23 rd february & onwards. But, had to post the same with the above title, as i feel that RIIL, if not jai corp has risen too early too much from their 5177 lows. So, longs need to be cautious on RIIL at least. I wud not suggest, any new longs on RIIL at least, if not JAI CORP coz, upside if yes, is not more than 5-7 % from current levels, BUT, downside risk is more than 20 %.
DISHMAN PHARMA
BUY, below yest. low in panic & HOLD. tgts are good. FOR cautions, keep a SL below 87 ( in case, if u want to ). Otherwise, it has good upside ( 20-25 % potential ) with a downside risk of only 5 % . ONLY THING, which is to be taken care of, it shudnt create any downside unfilled gap.
GESHIP
Same is with GE SHIPPING. I am sensing, some good upside momentum in shipping stocks. Keep a stop below 254 & buy below 258. BUT REMEMBER, this buy is only meant for a bounce of 17-20 % & with Strict sl.
SCI
ALthough, downside risk is upto 91-92 levels, but again upside potential is a good 22-26 rs. Keep an appropriate SL & buy in panics to 94-92.
PHOENIX MILLS
Looks good, BUY tomorrow, keeping a SL below 168.
DIVIS LAB
ONly for RISKY players, Keep a SL below 615 & buy below 620. reduce at 637 + lvls & carry with TSL.
CANARA BANK
Again for RISKY players. BUY below 580, keeping a SL below 576, to reduce at 595-597 & then carry with TSL.
BHUSHAN STEEL
Buy around/below 400, keep a SL below 397, reduce, around 415-417 & carry with TSL.
POWER GRID
Play keeping the range 97 & 99 in the mind. Buy above 99, SL below 97,upwards momentum to PICK up above 101, tgts 104.5 & 108 & then higher also.
PUNJ LLOYD
ONly for LONG TERM PLAYERS. WHO can afford to take a risk of 20 % downside for a HEFTY 50 % upside. Buy at close to 65 levels. Reduce around 79-80 & carry with TSL. It has an unfilled gap @ 82. So, momentum to be picked up above SAY 82-84.
SPICE JET
Buy, below 42, keeping a SL below 40. Tgts, 48-50 within a week. RISKY.
FINANCIAL TECH
BUY below/around 820, Keep a SL below 818. On upside, may go upto 835/845/854.
But, if breaks 818, short on a bounce above 824, keeping a SL above 830, tgts, then wud be 804 & 792 even.
PATEL ENG.
SHORT > 186, SL 189. Tgts, 179 & lower, good downside, on a break of 175.
LONG < 180, Sl 177, tgts 185/188 & then upto 200 also. IF 177 stays protected.
RIIL - SPECIAL MENTION
744, january high, seems to me, a high for 2011. & if 757 not breached on upside in 2011, then expecting a good downside tgts, like 380 & lower in the stock. Although, this wud be very gradual, time consuming process of 8-9 months. SO, i advise, traders, holding the stock, to reduce tomorrow @ 710-730 levels. I dont think, u wud want to keep a STOCK for a potential of 25 RS. upside & a healthy 300 rs. on downside. ALTHOUGH, if FANCY, u can always, look to buy the stock on a healthy 25-30 % dip, if 757 is breached on the upside, in the coming days.
JAI CORP - SPECIAL MENTION
ALTHOUGH, on jai corp, i am expecting a 20 % freeze tomorrow. ( THIS IS NOT, PLEASE A BUY CALL ON THE STOCK ), but that wud only be to make a lower top to its JANUARY HIGH. STOCK TURNS BULLISH only after a cross over of 235 levels. which seems impossible to me. I am also expecting this stock to slide lower towards levels like 80-77 in 2011.
P.S. - MOST IMPORTANT
ALL THE TRADES DISCUSSED ABOVE ARE FOR COMPULSIVE RISKY INTRADAY TRADERS ONLY. B COZ, i think, markets in a day or two, is gonna provide, much beautiful opportunities, after the choppy moves. ITS WORTH WAITING FOR 1-2 days.
HAPPY SAILING
OM SAI RAM
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