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Power Your Trade (Mid-day Calls) 3 May 07
Thursday, May 3, 2007
Hitendra Vasudeva
Buy Reliance Comm at 487-474 SL 470 (Intaday Call)
Buy 3i Infotech at 309-301 SL 295 (Intraday Call)
Buy IFCI at 48 SL 45 (Intraday Call)
Power Your Tade Call for 3 May 07
Ashwani Gujral
Buy GBN with stop loss of 560 with target of 725
Buy Rel Comm SL 445 Tgt 520
Deepak Mohoni
buy 3i info below 306 SL 301 (Intraday Call)
buy Praj ind. below 502 SL 491(Intraday Call)
Rajat K Bose
Buy Ador Welding SL 229 for Tgt 243-249-257 (Intraday Call)
Buy GBN SL 605 for tgt 636-649-655
Research Repots for 3 May
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Shares for daytrading (03-05-2007)
These calls are not recommended for beginners in share trading. Users of this call are advised here that the calls posted here will have two way movement on the long and short side for daytrading and are requested to trade with strict stoploss. All should consult their analysts before trading in these calls. Due to various factors affecting the market the result of this call will vary.
Target Review of ASIANELEC (ASIANELEC)
1. TRADING DATA OF
Close: 565.00 Volume: 413,131.00
2. TECHNICAL OUTLOOK FOR SHORT TERM:
The MACD is not in an Overbought/Oversold range.
3. TOMORROW'S LEVELS AT WHICH TO TRADE:
SECOND RESISTANCE: 618.25
FIRST RESISTANCE: 600.50
PIVOT POINT: 569.25
FIRST SUPPORT: 551.50
SECOND SUPPORT: 520.25
Target Review of GBN (GBN)
1. TRADING DATA OF
Close: 617.85 Volume: 1,027,756.00
2. TECHNICAL OUTLOOK FOR SHORT TERM:
The MACD is not in an Overbought/Oversold range.
3. TOMORROW'S LEVELS AT WHICH TO TRADE:
SECOND RESISTANCE: 666.67
FIRST RESISTANCE: 650.40
PIVOT POINT: 610.53
FIRST SUPPORT: 594.25
SECOND SUPPORT: 554.38
Target Review of DCB (DCB)
1. TRADING DATA OF
Close: 75.50 Volume: 1,495,366.00
2. TECHNICAL OUTLOOK FOR SHORT TERM:
The MACD is not in an Overbought/Oversold range.
3. TOMORROW'S LEVELS AT WHICH TO TRADE:
SECOND RESISTANCE: 79.96
FIRST RESISTANCE: 78.47
PIVOT POINT: 74.91
FIRST SUPPORT: 73.42
SECOND SUPPORT: 69.86
Target Review of DCHL (DCHL)
1. TRADING DATA OF
Close: 203.60 Volume: 658,667.00
2. TECHNICAL OUTLOOK FOR SHORT TERM:
The MACD is not in an Overbought/Oversold range.
3. TOMORROW'S LEVELS AT WHICH TO TRADE:
SECOND RESISTANCE: 223.81
FIRST RESISTANCE: 217.07
PIVOT POINT: 196.86
FIRST SUPPORT: 190.12
SECOND SUPPORT: 169.91
Target Review of ESCORTS (ESCORTS)
1. TRADING DATA OF
Close: 131.55 Volume: 1,205,891.00
2. TECHNICAL OUTLOOK FOR SHORT TERM:
The MACD is not in an Overbought/Oversold range.
3. TOMORROW'S LEVELS AT WHICH TO TRADE:
SECOND RESISTANCE: 136.39
FIRST RESISTANCE: 134.77
PIVOT POINT: 130.39
FIRST SUPPORT: 128.77
SECOND SUPPORT: 124.39
Target Review of 3IINFOTECH (3IINFOTECH)
1. TRADING DATA OF 4/30/2007
Close: 302.55 Volume: 1,764,269.00
2. TECHNICAL OUTLOOK FOR SHORT TERM:
The MACD is in an overbought range.
3. TOMORROW'S LEVELS AT WHICH TO TRADE:
SECOND RESISTANCE: 320.81
FIRST RESISTANCE: 314.72
PIVOT POINT: 298.71
FIRST SUPPORT: 292.63
SECOND SUPPORT: 276.61
Target Review of AFTEK (AFTEK)
1. TRADING DATA OF 4/30/2007
Close: 73.20 Volume: 2,665,877.00
2. TECHNICAL OUTLOOK FOR SHORT TERM:
The MACD is not in an Overbought/Oversold range.
3. TOMORROW'S LEVELS AT WHICH TO TRADE:
SECOND RESISTANCE: 77.29
FIRST RESISTANCE: 75.93
PIVOT POINT: 73.04
FIRST SUPPORT: 71.68
SECOND SUPPORT: 68.79
Target Review of RALLIS (RALLIS)
1. TRADING DATA OF 4/30/2007
Close: 328.90 Volume: 197,608.00
2. TECHNICAL OUTLOOK FOR SHORT TERM:
The MACD is not in an Overbought/Oversold range.
3. TOMORROW'S LEVELS AT WHICH TO TRADE:
SECOND RESISTANCE: 352.23
FIRST RESISTANCE: 344.45
PIVOT POINT: 325.23
FIRST SUPPORT: 317.45
SECOND SUPPORT: 298.23
Target Review of KOTAKBANK (KOTAKBANK)
1. TRADING DATA OF 4/30/2007
Close: 543.50 Volume: 1,096,980.00
2. TECHNICAL OUTLOOK FOR SHORT TERM:
The MACD is not in an Overbought/Oversold range.
3. TOMORROW'S LEVELS AT WHICH TO TRADE:
SECOND RESISTANCE: 572.38
FIRST RESISTANCE: 562.75
PIVOT POINT: 537.38
FIRST SUPPORT: 527.75
SECOND SUPPORT: 502.38
Target Review of HTMEDIA (HTMEDIA)
1. TRADING DATA OF 4/30/2007
Close: 190.65 Volume: 461,605.00
2. TECHNICAL OUTLOOK FOR SHORT TERM:
The MACD is not in an Overbought/Oversold range.
3. TOMORROW'S LEVELS AT WHICH TO TRADE:
SECOND RESISTANCE: 212.51
FIRST RESISTANCE: 205.22
PIVOT POINT: 187.11
FIRST SUPPORT: 179.82
SECOND SUPPORT: 161.71
Stock picks for the week
SBI: FIRST BEARISH CANDLE OBSERVED IN INTRADAY CHARTS.USE DIPS TILL 1049 TO BUY.BEST BUY IS AROUND 1060 WITH A SL OF 1048 AND BEST SELL IS AT 1130 LEVELS WITH A SL AT 1145 LEVELS.THINGS TO WATCH IS THE INFLATION DATA.
INFOSYS TECHNOLOGIES:TRADERS CAN USE 1990 1985 LEVELS TO BUY AS WE EXPECT TO DOLLAR TO SHOW A DEAD CAT BOUNCE.THE STOP LOSS FOR THE ABOVE TRADE WILL BE AROUND 1945.BWLOW1945 IT WILL TOUCH ITS RECENT LOWS OF 1910.
TANLA: LAST RESISTANCE AT 454 LEVELS ABOVE THAT UNCHARTED TERRITORY.
RELIANCE CAPITAL: LAST SUPPORT AT 701 LEVELS BELOW THAT 670 IN DAYS.
BAJAJ AUTO : HUGE SUPPORTS AT 2420 2430 LEVELS .TRADERS CAN USE EVERY DIP TO ADD POSITIONS IN THE STOCK.
GRASIM: INTERMEDIATE UPTREND OVER .SHOULD CONSOILDATE AND MOVE TOWARDS 2200 ZONE IN COMING DAYS.
GTL: USE EVERY DIP TILL 172 ZONE TO BUY WITH A SL FOR A TARGET OF 200+ IN COMING DAYS.
RELIANCE : SHOULD TEST 1500 LEVELS IN COMING DAYS. TRADERS CAN ADD AT THAT POINT OF TIME.
GHCL: SHOULD MOVE TO 100 LEVELS IN COMING DAYS.
ACC: UPTREND OVER WILL CONSOLIDATE AROUND 800 LEVELS IN COMING DAYS.
AREVA T&D.: BUY ON ALL DIPS WITH A SL FOR A TARGET OF 1450+ IN COMING DAYS.
IFCI: WILL TRY AND REACH 43 LEVELS IN COMING DAYS.
IDBI: INTERMEDIATE UPTREND OVER KEEP A SL AT 81 FOR ALL LONGS.
GDL; BUY WITH A SL AT 167 FOR A TECHNICAL TARGET OF 190+ IN COMING DAYS.
Research Repots 30 April
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Research Repots Published during 24-29 April
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