Here is my list:
Potential long candidates:
1. SINTEX – 21% OI increase on Friday. Longs for sure. Long above 377 with SL @371 – positional – Intra Stop loss of 374. If it gives a breakout target can be 415-420
2. PTC – Recently had a very good development. Its subsidiary PFS has been granted Infra Finance status by RBI. Chart looks like its ready to breakout. Conservative long above 124 with with SL@121. Aggressive long @119 with SL @117
3. NEYVELILIG – Closed at 52-wk high of 174 and corrected sharply. Not much change in Open Interest and I still see longs from Mid august (around 155-160 levels). 155 is almost like a S&R level for this stock now. Aggressive long @161 with SL @159. Conservative long above 167 with SL@165
4. CESC – Corrected from 408 to 370 and then a sharp recovery to 400. 10% OI reduction in last two days. Looks like short covering. Above HVN@404 – buy with strict SL at 400
5. ANDHRABANK – 40% OI increase in last 5 sessions. Conservative long above 163 with SL@160 or aggressive long @156 with SL@154
From last week’s performers – Just be careful trading these. There could be sharp intraday drops in these to trigger SLs. Big money has been made. Lets not be the victims.
1. MCODWELL-N – (In cash market) Exactly at March high of 1512. Long with SL@ 1510. Futures – Intra SL @1520, positional SL@1500. Could potentially run upto 1590+
2. TATACHEM – (Futures) If 407-410 holds, this could potentially run upto 430.
3. Another two big movers were APOLLOTYRE / ALBK. ALBK can be entered around 220 – with SL@cost and may be it might give some upside of 8-10 points.
Three dark horses:
1. ONMOBILE – Has been an excellent trading stock obeying MP rules for last month or so. OI down 10% this week
2. UNIPHOS – Made an attempt to breakout on 19th Aug but corrected 10%. Last week OI was down 10% – some shorts covered? Easy to trade this stock at 180 almost a S&R level.
3. GTOFFSHORE – Hit 52-wk low on first day of expiry because of ABGSHIP stake sale to FIIs @377. OI increased 50% on the same day. This could give big move either side. HVNs @402, 404, 411. Above 404 – long for target of 411. Below 380 Short with SL@385.
Sanjay’s List:
Long Recomendation:
Ispatind (CMP 19.8) Long with support at HVN of 19.60
HDIL (CMP 266.85) : Long at CMP for Target of 270, 275, Keeping SL at HVN of 261
KSOil (CMP 51.20) : Long over 51.2 for Target of 53.70, 54.50 SL at HVN 50.70 or lower at 49.40
Punj Lloyd (CMP 110.55) : Long over 110.8 for Target of 112.70, 118.50 SL HVN 108.80
SesaGOa need to close over 333 for momentum
Ispatind (CMP 19.8) Long with support at HVN of 19.60
HDIL (CMP 266.85) : Long at CMP for Target of 270, 275, Keeping SL at HVN of 261
KSOil (CMP 51.20) : Long over 51.2 for Target of 53.70, 54.50 SL at HVN 50.70 or lower at 49.40
Punj Lloyd (CMP 110.55) : Long over 110.8 for Target of 112.70, 118.50 SL HVN 108.80
SesaGOa need to close over 333 for momentum
Short :
Report for 03-09-10
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Long Recomendation:
Escorts (CMP 200.15) – Made a high of 217.8
EssarOil (CMP 125.05) : Made a high of 126.7
GujNreCoke (CMP 60.95) : Closed at 59.85
HDFC (CMP 632.55) : Made a high of 636.3
BajajHind (CMP 121.40) : SL Hit
