16/08/2007

Hiiiiii

Today(14/08)
Market opened flat and remained in a range bound zone ahead of independence day with low volume.it seems that market is still not at a point where it can decide its further movement in the either side.No doubt it has given a close above it crucial point but low volume and volatility has made it less trustworthy in the upper side.still it’s a tug of war between bulls and bear and coming days will help me to have a clear view in the either side,till then much positional traders are not advisable.

Small trading range
are attract big move in either side.
Nifty Keep a stop loss 4239 , BSE 14700 for long position.

Advance decline probability: 60/40
Buy Signal: - 3 Sell Signal: - 0
Number of Bullish Indicator: - 11 Number of Bearish Indicator: - 5

Stocks for Trading:-

PRAJ
RENUKA SUGAR
Mcdowell
Reliance Energy
IDBI
Reliance Industries
HDIL
HCL TECH

Option Call: IDBI 130/135CA