28/3/11 march 1st tips

Date :  28 / 3 / 2011

 

These are not tips. We neither encourage nor believe in tips. All the calls are based on study of the Markets, Stock Charts and various Indicators.

 

How much quantity to trade? Use position sizing and limit loss to Rs.1,000/- per trade.

Quantity = 1000 / ( Purchase price – Stop loss )
E.g. you want to buy a stock trading at Rs.100/- with a stop loss Rs.90. The quantity you should trade is 1000/(100-90) = 100 shares. So if your stop loss gets hit, you should exit and your max loss will be Rs.1000/-

NOTE : All Levels, Targets, Stop Loss given here in are Spot / Cash Market, Please adjust for Futures Yourself.

 

Intraday Calls :

AXISBANK : Buy near 1361 SL 1348 Targets 1374 , 1382 Or if trades below 1335 Short AXISBANK SL 1349 Targets 1321 , 1312

WIPRO : Buy above 456 SL 451 Targets 461 , 465 Or if trades below 446 Short WIPRO SL 452 Targets 440, 436

Nifty (Spot) : If Nifty(spot) trade above 5675 then some upmove in the market upto 5700– 5725 – 5750 - 5775 and if Nifty(spot) trade below 5650 then some profit booking in the market upto 5635 – 5600 - 5575 - 5550

Nifty Future :  If trade near 5670 then some upmove upto 5739 , 5768 Or if trades below 5597 then some down trend upto 5524, 5495

Bank Nifty :  If trade near 11425 then some upmove upto 11623 – 11704 and if trade below 11226 then some down trend upto 11024 – 10943

BOOK PROFITS AT YOUR DISCRETION AT THE LEVELS OF EITHER ONE, TWO, OR THREE PERCENT RISE OR FALL IN THE STOCK VALUE. AT EITHER FIRST OR SECOND TARGETS.