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All recommendations are based only on the technical analysis which assumes that

1.                              Market discounts all fundamentals, results, rumours, news, sentiments, fears & hopes etc.

2.                              Market moves in trend.

3.                              History repeats itself.

 

No day trading Recommendations.

Only positional tradings.

Monday Jan 05, 2009

 

 

 

Previous week news :

 

• Inflation below  6.5%
• Crude crosses $44 per barrel and likely remain sub $50 level for sometime
• Fiscal and Monetary relief proposals announced by Indian Government.
• Sensex rally may continue up to  10500/11000 (Nifty 3150/3200)
• Support to Sensex at 8000/8500 level to sustain (Nifty 2850/2900)
• Best time for those not invested so far. Investment in capital market can be initiated in small lots on declines.

Buy recommendations

 

Strategy for all investments: Follow Bottom Up approach which means buy only on declines. Don’t buy on up move. Buy only small lots. For example: If you have money to buy 100 stocks buy only 50. Buy next 50 after a decent fall.  Don’t be over enthusiastic to buy. Hesitate to buy. Keep strict stop loss which means don’t buy at that level if you have not bought already. If you have bought already book loss and get out of the stock.

Pick 1:  Vivimed Labs  Signal : Break out with volume  Stop Loss :   42

Pick 2:  Ranbaxy Labs  Signal :  Breakout   Stop Loss  :  230

Pick 3:  Karur Vysya Bank Signal : Break Out  Stop Loss  :   222



Pick 4:  L & T   Signal : Trying to crossing double top resistance   Stop Loss  :  815



Pick 5:  Orbit Corp   Signal : Trying to cross the double top resistance   Stop Loss  :  61




Pick 6:  SCI  Signal : Trying to cross the minor top  Stop Loss :   83




Pick 7:  Renuka Sugars  Signal : Breakout  Stop Loss :   65



Sell recommendations

Strategy for all disinvestments: Sell only on up moves. Don’t sell on declines. Sell only small lots. For example: If you hold 100 stocks sell only 50. Sell next 50 after a decent raise.  Sell after 30% appreciation. Be over enthusiastic to sell. Keep strict stop loss which means don’t sell at that level if you have not sold already. If you have sold already book loss and buy the stock.

Don’t sell if you don’t hold the stock.

Throw 1 :  Jain Irrigation   Signal :  Double top formation  Stop Loss  :  390







Throw 2 :   Power Grid   Signal : Bearish Candles formation at the minor top  Stop Loss  :  86

Throw 3 :   Balrampur Chini   Signal : Bearish Engulfing pattern formed  Stop Loss   56

Throw 4 :  Rpower   Signal : Minor top formed Stop Loss  : 129




Those who are interested can purchase the software for Just Rs.1,000/- and make daily entries about a stock in their portfolio (Open rate, High rate, Low rate, Close rate, No of shares traded) Using the software different graphs can be drawn and buy/sell decisions can be made. These rates are available in NSEINDIA.COM and BSEINDIA.COM Websites.

 

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