Rules To Remember & Follow ALWAYS

Hello All,

Very warm welcome. Like we have mentioned in earlier post, it happned almost in th same way. Once it broke 3410 & showing weakness it closed well below that. But remember we have stated that below 3410 it will be weak and only below 3300, the signs of reversal will emerge. So bulls are still into the game. Close above 3430, and the game will be fully in favour of Bulls again.

This was a brief overview of Nifty. the stocks recommended yesterday were PIRHEALTH & SUNTV, position in SUNTV is still open and PIRHEALTH has gone up by more than 7 %. So we have booked the profit & closed the position according to our rules. ( See the link above ). So the day was great with huge profit.

And here we have some stock specific ideas & recommendations for Wednesday, 29th April, 2009

1) Sell Aban with the SL of 446 for the Targets of 380 / 365 / 334 and the range is 48 /-

2) Sell Triveni with the SL of 52 for the Targets of 47 / 45 / 41 and the range is 4 /-

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Rules To Remember & Follow ALWAYS

Hello All,
Like we have discussed earlier, market has gone up without breaking the supports, rallying upto 3520. Still the trend is up and very well intact unless it breaks 3410. Which will be the first sign of weakness. Which might turn into reversal if it breaks & closes below 3300. So be careful & trade with proper StopLosses. Happy Trading & Safe Trading.

Here are some recommendations for tommorow i.e. Tuesday, 28th April, 2009

1) Pirhealth Buy with SL of 210 For Targets - 228 / 232 / 240 and Range is 12 /-
2) Suntv Sell with SL of 195 For Targets - 183 / 179 / 172 and Range is 15 /-

Thanks & Regards
Avinash Raste

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Rules to Remember & Follow ALWAYS

Hello All.
As usual, again Reliance contributed a lion share for this rally. There is no recommendations for positional trades as market is very volatile & on the upper band. Whether it will go further up or come down nobody knows. It will be wise to avoid taking positions till another signal comes. Till then we will sit aside and with proper StopLosses we will continue riding our positions which has been recommended here earlier.
Further recommendations will be given here as and when the signal comes. Till then..take care & trade safely.
Regards
Avinash Raste

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Rules To Remember & Follow ALWAYS

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Rules to follow ALWAYS

Rule No. 1
Daily Technical Report for Nifty & Stocks, picked spcially for short term traders & intraday traders. All the stocks given below are NSE Stocks and levels are according to cash market and NOT as per futures market.
Rule No. 2
Intraday range is an average movement epected movment on that purticular day for that spcific stock. After 20 minutes of trade, in a positive market, you can safely take low as a base and calculate the range on upside and exectly opposite on a downday. ( After 20 minutes of trade, take high as a base price and calculate the range on the downside.
Rule No. 3
During the first minute of the market time, if any scrip given here achieves 1st & 2nd target levels OR hits the SL, then avoid trading in that scrip for that purticular day.
Rule No. 4
If the Stock(s) given for appx. 2 / 3 day's trading, achives 4 to 5 % gains within 3 days, you are strongly advised to trade & ride the stock with proper Trailing Stop Losses.So Please keep these four things in mind ALWAYS and trade with strict StopLosses, Happy Trading.

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Recommendations for Friday, 24th April, 2009

Hello All,

Welcome..Here we had one of the finest day in Dalal Street. Good recovery with a brekout again. Which might take us to the levels of 3500 & more. Reliance contributed a lion share in the recovery. Unless Nifty breaks 3300, weakness is unlikely.

Now lets turn to stocks. But before recommending the stock(s) for tomorrow, lets see the rules again..

Rules to remember always

Rule No. 1

Daily Technical Report for Nifty & Stocks, picked spcially for short term traders & intraday traders. All the stocks given below are NSE Stocks and levels are according to cash market and NOT as per futures market.

Rule No. 2

Intraday range is an average movement epected movment on that purticular day for that spcific stock. After 20 minutes of trade, in a positive market, you can safely take low as a base and calculate the range on upside and exectly opposite on a downday. ( After 20 minutes of trade, take high as a base price and calculate the range on the downside.

Rule No. 3

During the first minute of the market time, if any scrip given here achieves 1st & 2nd target levels OR hits the SL, then avoid trading in that scrip for that purticular day.

Rule No. 4

If the Stock(s) given for appx. 2 / 3 day's trading, achives 4 to 5 % gains within 3 days, you are strongly advised to trade & ride the stock with proper Trailing Stop Losses.So Please keep these four things in mind ALWAYS and trade with strict StopLosses, Happy Trading.And now the recommendation(s) for tomorrow i.e for 24-04-2009

BUY Renuka for the Target of 107 / 110 / 114 with the StopLoss of 100 and the range is 7.20

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Recommendations for Thursday, 23rd April, 2009

Hello All,

This blog has been started just yestereday. So could not post the recommendations for today. But just for the information. Yesterday there were two recommedations.
1) SellMaruti &
2) SellHavells, And both have corrected and achived two targets on closing basis.
4.4 % and 3.4 % respctively.

So now onwards if at all any recommendations will be there, it will be posted here but again we have to keep some RULES in our mind very very firmly. Here are some RULES and suggestions.

Rule No. 1
Daily Technical Report for Nifty & Stocks, picked spcially for short term traders & intraday traders. All the stocks given below are NSE Stocks and levels are according to cash market and NOT as per futures market.
Rule No. 2
Intraday range is an average movement epected movment on that purticular day for that spcific stock. After 20 minutes of trade, in a positive market, you can safely take low as a base and calculate the range on upside and exectly opposite on a downday. ( After 20 minutes of trade, take high as a base price and calculate the range on the downside.
Rule No. 3
During the first minute of the market time, if any scrip given here achieves 1st & 2nd target levels OR hits the SL, then avoid trading in that scrip for that purticular day.
Rule No. 4
If the Stock(s) given for appx. 2 / 3 day's trading, achives 4 to 5 % gains within 3 days, you are strongly advised to trade & ride the stock with proper Trailing Stop Losses.

So Please keep these four things in mind ALWAYS and trade with strict Stop Losses, Happy Trading.
And now the recommendation(s) for tomorrow i.e for 23-04-2009

1) Sell FSL - for the targets - 15.85 / 14.9 / 13.6 and SL - 17.85 and Range - 1.80 /-

Thanks & Regards

Avinash Raste

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Introduction

Hello All,
I am Avinash Raste. A very small part of Nivesh Corporation, an investment and trading advisory firm. This blog is purely for the people who are really interested in trading in all kind of markets. For eg. stock market, currency market or commodity market.
Here we all will come togther to discuss the technicals of the stock market and will try to judge and trade the same.
I hope and wish, it will be helpful to all of us who visit this blog in search of some new things to learn and contribute something simultaniously.
We also will be posting some recomendations, you all are most welcome to coment and discuss and trade ofcours ( at your own risks ).

Thanks & Regards
Avinash Raste

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