Time to book profit: We are not out of woods yet

We bought when there was fear . Now its time to take money off the table as everybody says that worst is over. Merely printing money will not solve Euro problem , it will take some more time before things gets sorted out.

Nifty is hovering around key resistance levels.
Let wait on sidelines with cash in hand for another opportunity.

Trade less, trade well.

Time to book part profit

Our view on last Friday was that most of the global bad news has already factored in and it was time to be greedy and time for buy.Well, it paid off well , as we move forward market is expected to meet resistances . Therefore, its better to book some profit today .

Environment has changed

Wall street tumbled down on fear of European debt crisis. We were  cautious of this uncertain environment and booked profits and sitting on cash for another opportunity.

Keep Banking stocks particularly Axis, Yes Bank, LIC HF , IT stocks  and mid cap pharma stocks  on your radar. Wait for the market to become stabilise. Metal sector will remain under pressure.

Not taking any position is also a position.

Kovai Medical is up by 5 %

Kovai Medical is up by 5 %. Short term traders can book partial profit here

NFL is up 5 %

NFL has moved more than 5% . Now trailing stop is at 100.

ONGC Hits Target: Book Profit

ONGC has hit its final target . One should book profit

Sterlite is nearing first target : Book partial profit

Sterlite is trading near its first target of 830. Its time to book partial profit with trailing stop at 795.

ONGC bounces back - Hits first target

ONGC has bounced back and is trading near the first target.Time to book partial profits

Jayshree Tea has also hit its first resistance

Book profit in Nagarjuna Construnction

Today Nifty may reach the hurdle of 5300  today on the back of good global cues.
One should book profit in Nagarjuna Construnction and wait on the sidelines for the market to show its hand.

Despite market expectation of RBI credit policies Bank stocks did not have a fancy run yesterday. Lets see if they get  a follow up buying today.

Oil and Gas sector stocks  may see some action today . ONCG is trading at crucial support of 998 and may bounce back to 1030- 1040.

Trade well, trade less and more important -- have fun !

Cairn and Torrent Pharma Hits Target

Our Stock Ideas Cairn and Torrent Pharma which we discussed on 28-03-10 and 11-03-10 respectively hits its target .One can book partial profit and for remaining position trailing stop is 518 and next target is 580-600.

This stock is trading is at new high and is unlikely to face any resistance.

If you look at the chart you can see a clear uptrend.

This week is going to be a short one on account of holiday on Friday. Trade light with low volume as Nifty is trading near its resistance . We will watch the intermediate top of 5330 closely and will step up on long side only when Nifty trades above it for a few trading session.

Till then trade less and have fun

Fortis moves up : book partial profit

Our last week idea Fortis Healthcare has moved up its time to book partial profits.

This weeks ideas Yes Bank, India Bull Real Estate and Cairn has also done well.


Trade well and have fun