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Weekly Trading Ideas-16th July to 20th July
Monday, July 16, 2007
Acc: Book all profits in the stock and wait for reaction.
Ad labs: Buy only above 580 for the target of 595. You can enter at lower levels keeping a stop loss of 550 and book profits on every rise.
Century Text: Buy above 740 for the target of 754 & 760, with stop loss of 700. If 725 levels are protected then the stock is sure to hit the targets. Try buying into 720 calls around Rs.25/- and exit around Rs.35/- for the week.
Dr Reddy: Buy with the stop loss of 665 for the target of 700.
ICICI: Buy with the stop loss of 964 for the target of 994. If it crosses 994, then we can see new highs for the stock. Try buying 960 calls around Rs.25/- and exit around Rs.40/- for the week.
IVRCL: Stock is sure to hit 440 with in this week. We need to watch for the break out after 440 for any entry. Hence if any long positions close it near 440 and wait for entry. Hold your 400 calls or buy around Rs.25/- now and book profit at Rs.45/-.
Jet: Buy with stop loss of 790 for the target of 837 & 848. Stock is showing highly bullish structure. Hence we advise you to remain long with strict stop loss on closing basis for any day (not intra day basis).
JP Ass: Ultimate target for the stock is 930. Now buy with the stop loss of 850 for the target.
Maruti: The stock is sure to hit 844 this week. Buy only above 844 is crossed with volumes for the target of 865 & 875.
Mc Dowell: Buy if it crosses 1265 for the targets of 1295 & 1333.
Rcom: Buy if it closes above 566 for a day for the target of 590 & 608.
Rel cap: Our target of 1200 achieved. Wait and watch. The long-term target is seen at 2000 for the stock.
Rolta: Buy above 480 for the target of 500.
Satyam: Bullish chart formation. Keep a stop loss of 490 and trade till 510. Once 510 are crossed with volumes the targets are 524.
Srf: If the stock bumps near 175 exit and enter after it crosses 182. On the other hand you can be long with the stop loss of 170 on closing basis for any day.
Sterlite: Buy above 685 for the target of 706 for the week. The stop loss is placed deep at 633. Risk adverse traders place the stop loss at 660.




