Daily Call Dec 23 2010

4 Golden Rules for Trading.

1. Go long when market breadth is positive .
2. Strictly adhere to the Stop losses.
3. Profit to be taken as early as possible.
4. Book 50% profit when call runs in your direction






Traders Pick

ABAN buy above 746 Target 753 Target2 772 Stop Loss 740
Buy M&M above 756 Target1 790 Target2 832 Stop Los753

Momentum Picks

Buy MOTHERSUMI Symbol: MOTHERSUMI

On Dec-22-2010 a candlestick formation confirmed a buy signal. Our Reco: ==> Buy this contract at 187 or better. Stop at 183.5. This could rise up to 226 or to 248
NOTE: A consolidation of price movement or a price correction may be underway.

Next Day Trading Range.. High: 189 Low: 183- Day trading Range
Next Day Breakout Points High: 192. Low: 180.5
Price Projections....... 1st: 226. 2nd: 248. - Mid term price projections

Buy NESTLEIND Symbol: NESTLEIND

A buy signal was confirmed when this contract closed above 3652 on Dec-22-2010. Our Reco: ==> Buy this contract at 3841 or better. This could rise up to 4600 or to 5017.
Day Trading Range.. High: 3723 Low: 3589 - day Trading Next Day Breakout Points High: 3778 Low: 3510
Price Projections....... 1st: 4600 2nd: 5017 - Mid term


Positioanl

Long BHARTIARTL Symbol: BHARTIARTL

Our Reco: ==> Maintain long position. This could rise up to 381.5000 or to 404.1100. The resistance level of 337 was broken when prices closed above the bottom pitchfork line. The market has moved back into the trading channel. This strong consolidation here can be expected at this range
Day Trading Range.. High: 347 Low: 336 Intraday
Next Day Breakout Points High: 350.8 Low: 329.
Price Projections....... 1st: 381.5 2nd: 404. Mid term

Long BOC Symbol: BOC

A buy signal was confirmed when this contract closed above 314 on Dec-14-2010. Our Reco: ==> Maintain long position.
This could rise up to 353 or to 373 .
NOTE: Upward trend shows some strength with today's close above the upper pivot band.This commodity or security is overboughtat his time.
Resistance level of 329 was broken today. Look for a possible rise to the next resistance level.

Next Day Trading Range.. High: 332 Low: 326 Intraday
Next Day Breakout Points High: 334 Low: 322
Price Projections....... 1st: 353 2nd: 373 Mid term

Long HINDALCO Symbol: HINDALCO

On Nov-30-2010 a candlestick formation confirmed a buy signal. OUr Reco: ==> Maintain long position. This could rise up to 292.7000 or to 330.2060. The resistance level of 235.3070 was broken when prices closed above the middle pitchfork line. The market seems to be gaining strength.

NOTE: This is a very strong bullish sign with the upper pivot band rising higher and with today's close above the upper pivot band. The CCI is above 100. This commodity or security is overbought at this time.

Next Day Trading Range.. High: 240 Low: 234 Intraday
Next Day Breakout Points High: 242 Low: 231

Price Projections....... 1st: 292 2nd: 330 Mid term

Long UTVSOF Symbol: UTVSOF

On Dec-13-2010 a candlestick formation confirmed a buy signal. OUr Reco: ==> Maintain long position. . This could rise up to 666.1000 or to 728.4200. This may consoidate at this evel ! The CCI is above 100. This commodity or security is overbought at this time.

Next Day Trading Range.. High: 580 Low: 560 Intraday
Next Day Breakout Points High: 592 Low: 552

Price Projections....... 1st: 666 2nd: 728 mid term


10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
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