Positional/intraday Trading Tips

hitesh sabharwal · #**691** 7th June 2007, 08:36 AM

Tips for THURSDAY,7 June,2007

4311 AND 4262,TWO IMPORTANT LEVELS.

I WROTE THESE TWO LEVELS CLEARLY YESTERDAY AND WE ALL SAW MAGIC BELOW 4262.ONLY WE HAVE BEEN ASKING TO GO SHORT AT HIGHER LEVELS WITH THE STOPLOSS OF 4348 FROM LAST FRIDAY,NOBODY ELSE COULD SEE THIS CORRECTION EXCEPT US.FROM FRIDAY OUR MAGICAL LEVEL OF 4325 IS WORKING LIKE A BIG RESISTANCE .

TODAY:

SRF: THE MAJOR SUPPORT IS AT 164 AND 162.BUY AT DIPS OR BUY IF TRADES ABOVE 177 AND SEE 190 AND ABOVE IN COMING SESSIONS.

FUNDAMENTALS BECOMING STRONG,DELIVERY TRADERS CAN KEEP ACCUMULATING.

ASIAN PAINTS:BUY IF TRADES ABOVE 863 WITH A STOPLOSS OF 834 FOR A TARGET OF 895 AND 925 IN 2-3 DAYS.

TVS MOTORS: BUY ABOVE 71 FOR A TARGET OF 74.5 AND 77.[TO SANCHARI'S CREDIT,WHENEVER TARGET HITS,CONGRATS TO HER,AND TVS IS JUST NOT TRADING ABOVE 71 AS OF NOW.]
MAYBE 2-3 MORE DAYS,CAN ACCUMULATE AT DIPS ALSO.

LAXMI MACHINE WORKS:BUY WITH A STOPLOSS OF 2645 FOR A TARGET OF 2801 AND IF TRADES ABOVE 2807,REMAIN LONG TARGET 2900 AND MORE TO COME IN FEW DAYS.
DELIVERY AND POSITIONAL TRADERS ,KEEP BUYING AND ACCUMULATING AT ALL DIPS.

NIFTY(spot):If nifty trades above 4219,the target is 4234 and 4251, here is the key resistance,if doesn’t trade above 4251,short it,it will come down to 4188 and 4153.

If trades below 4188,the target is 4153 and 4131 which is very important support,if trades below 4131,it will hit 4113 and 4103 also.

COVER YOUR SHORTS IN TODAY’S DOWNSIDE ONCE,WE HAVE BEEN SHORTING FROM 4320 LEVELS SO TAKING MONEY HOME MAKES SENSE FOR US.

RCOM: If rcom trades below 508,short it for a target of 501 and 491.Only buy if it trades above 524,it will fly above this.
THE FIRST TARGET IS 532 AND THEN MORE IN 2-3 DAYS. BUY ABOVE 523 ONLY AND SHORT BELOW 508.

RELCAPITAL: The supports are 952,929 and 923,buy on dips for good bounceback from support levels.

TATAMOTORS:SO FROM 739 LEVEL,WE ASKED TO SHORT,IT TOUCHED 680 LEVEL YESTERDAY AND TARGET OF OURS.60RS PER LOT IN 5 DAYS.NOW WHERE DO YOU GET SUCH ACCURACY,TELL US.

[YESTERDAY’S MESSAGE] SHORT IF TRADES BELOW 707 FOR A TARGET OF 698.
AND THEN SHORT IF TRADES BELOW 698 FOR A TARGET OF 691,685 AND 671.

NOW TODAY:IF TRADES BELOW 695,THE TARGET IS 680,671 AND 663.BUY ONLY ABOVE 706 IF TRADES.

COVER ALL YOUR SHORTS TODAY IN TATAMOTORS.

BHARTI:[YESTERDAY’S TIP] If trades below 832,short it for a target of 819 and 812.buy only if trades above 841,THE TARGET IS 847,854 AND 862.
JUST SEE IT TURNED FROM 841 AND LOW IS NEAR 820.

IT CAN’T BE MORE ACCURATE THAN THIS.CAN IT BE

TODAY BHARTI:IF TRADES BELOW 826 FOR A TARGET OF 817 AND 812.

INFOSYS: 1908 AND 1900 TWO IMPORTANT SUPPORTS.ONLY SHORT IF TRADES AND IS CLOSING BELOW 1900.
OTHERWISE AVOID THIS COUNTER.

IFCI: UNLESS,IT CLOSES ON ONE SIDE OF THESE LEVEL,DON’T MAKE ANY POSITION.COUNTER IS VERY VOLATILE RIGHT NOW.BIG MOVE EXPECTED SOON.

49.4 AND 46,THAT’S IT…
ONE SIDED MOVE,TRADING/CLOSING ON ONE SIDE OF THESE TWO LEVELS,THEN ONLY FORM POSITION AND SEE A 10-15% MOVE ON ONE SIDE.

A CLOSE ABOVE 49.6 IS A SIGN OF BIG UPMOVE COMING IN IFCI AND A CLOSE BELOW 45.8 IS A BEARISH SIGN AND IT WILL HIT 41 LEVEL SOON.

ONGC:[YESTERDAY’S MESSAGE]
NOW TODAY: RESISTANCE AT 918 AND 932.BUY ONLY ABOVE 932 IF TRADES ABOVE THIS LEVEL.
Short if trades below 903 for a target of 892 and 883,875.

IT REACHED TO 846 LEVELS ALSO.WE HELD ON TO SHORTS BELOW 875 AND SEE ...

TCS: IF TRADES BELOW 1198,THE TARGET IS 1185.COVER YOUR SHORTS ONCE.

SBI: [YESTERDAY’S MESSAGE] 1470 IS MAJOR RESISTANCE TODAY
AT HIGHER LEVEL, [NEAR 1455-1465],SHORT WITH THIS AS STOPLOSS FOR INTRADAY GAINS.[PURE INTRADAY TRADE]
INTRADAY TARGETS 1440 AND 1420.

ENJOYED HUGE PROFITS OR NOT.

TAKE NOTE:

NTPC:[YESTERDAY’S MESSAGE] IF IT TRADES BELOW 157.THE TARGET IS 154 AND 151.

154.20 IS YESTERDAY’S LOW.

BAJAJHIND:[YESTERDAY’S MESSAGE] NOW TODAY: ONLY SHORT IF DOESN’T TRADE ABOVE 173,FOR A TARGET OF 163 AND 157.

NOW EATAN ENOUGH PROFITS IN THIS COUNTER,ONLY SHORT IF TRADES BELOW 157 LEVEL,A CLOSING BELOW 157 WILL TAKE TO 151 AND 146.
STOPLOSS IF YOU SHORT IS 164.

hitesh sabharwal · #**692** 7th June 2007, 10:15 AM

wat a u turn market has taken from 4219 level of ours,short nifty if trades below 4188,short tcs target 1185,short bharti.

kpthakershy · #**693** 7th June 2007, 10:28 AM

bharti 830

abhyudaya · #**694** 7th June 2007, 10:35 AM

boy polaris .....target 185 to 200!!! ...

hitesh sabharwal · #**695** 7th June 2007, 10:50 AM

bharti 830,so stoploss definitely gone naa,826 below,its weak,written in tips,so max 827 or 828 is ur stoploss.

rcom almost on first target,tatamotors 680 target done.

ada_acolyte · #**696** 7th June 2007, 10:59 AM

HI Hitesh,

any viws on icicibank for intraday

Gandhi710 · #**697** 7th June 2007, 11:14 AM

Friends,

HITESH IS DOING A WONDERFUL JOB

Those criticising him are jokers. Because he is not charging anyhthing for his great service and he is not forcing you to follow his advice.

People should understand that even if God gives them advice on the stock market they should not apply ti blindly. They should apply their mind before investing or trading. After all it is their money.

Several people gave advice on this site for few days but they started charging after that. If they are confident of their analysis they need not charge because they can earn money in the market.

Hitesh need not reply to junk questions about his age, experience and the money he invested in the market. Still he is replying with patience.

HItesh will become friend, philosopher and guru on the stock market if he continues his great work.

May GOD bless him with health and wealth.

ratan jain · #**698** 7th June 2007, 11:40 AM

Quote:

Originally Posted by Gandhi710

Friends,

People should understand that even if God gives them advice on the stock market they should not apply ti blindly.

Come on now, why drag GOD into all this..

Anyway, when GOD gives me a tip, I would definitely blindly trade on it, as compared to trading blindly on any other tipsters tip!

Oh! GOD! I hope you are listening to me!

reachjesal · #**699** 7th June 2007, 11:51 AM

TCS beg. to move up now .. hitesh n e stop loss as far as tcs is concerned ?

hitesh sabharwal · #**700** 7th June 2007, 12:14 PM

short nifty with a stoploss of 4234,target 4153,4130.short ongc,target 847.short bharti below 826,target 817 and 812.short tatamotors target 670 and 662.

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