PowerYourTrade Trading Calls: 22 Oct

 

Trading Calls for 22nd October 2007

Rajat K Bose Sell Great Eastern Shipping October Futures with a stop loss above Rs 403 for targets of Rs 383 and Rs 375. This is a day trading recommendation. Sell Great Eastern Shipping October Futures with a stop loss above Rs 403 for targets of Rs 383 and Rs 375. This is a day trading recommendation. Note: Either on the long side or on the short side if at any moment a counter is not moving beyond an initial or interim target to the final target book profits. Once initial target is crossed, you can use that as your trailing stop-loss level. Notes: ·  All prices relate to the NSE, unless otherwise mentioned. ·  Calls are based on the previous trading day's price activity. ·  The call is valid for the next trading session only unless otherwise mentioned. ·  Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there. ·  Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these recommendations. Disclosure:The analyst and his family do not have any trades in the securities recommended above at the time of giving this recommendation. His newsletter clients have been recommended the same along with other picks. Traders are requested to adhere to the stop losses very strictly; they are given to be implemented, not ignored. Do not chase a security and take a position where you would be uncomfortable with the stop-loss level. Take a position only when you feel that the risk-reward ratio looks comfortable and favourable for the trade.       E Mathew Buy Divis Lab with a stop loss of Rs 1300 for a short-term target of Rs 1560. Buy Divis Lab with a stop loss of Rs 1300 for a short-term target of Rs 1560. Disclaimer: - I, my family members and my group companies do not have any position what so ever in KAVERI SEEDS CO & DIVIS LAB. These stocks have been recommended to our clients and they may be holding long or short positions in these stocks. Mathew Easow and matheweasow.com gives an unbiased and competent picture of trading opportunities and it does that to the best of its abilities. However, prices can move up as well as down due to number of factors, all of which are impossible for anyone to foresee. THEREFORE, Mathew Easow and matheweasow.com cannot accept any responsibility for any investment decision or trading decision taken by readers and clients on the basis of information contained herein. Short Term Target Means – Approximately 3 –4 weeks. If the target is not met within 3-4 weeks then please exit the positions. Please follow stop losses very strictly and do not take positions where one is uncomfortable with the stop loss level. Above all Buy or Sell the stock only when the risk - reward ratio vis–a–vis the stop loss is favourable for taking a position. Individual traders should book profit depending on their risk capacity and need not wait for the targets.       Buy Kaveri Seeds Co with a stop loss of Rs 194 for a short-term target of Rs 262. Buy Kaveri Seeds Co with a stop loss of Rs 194 for a short-term target of Rs 262. Disclaimer: - I, my family members and my group companies do not have any position what so ever in KAVERI SEEDS CO & DIVIS LAB. These stocks have been recommended to our clients and they may be holding long or short positions in these stocks. Mathew Easow and matheweasow.com gives an unbiased and competent picture of trading opportunities and it does that to the best of its abilities. However, prices can move up as well as down due to number of factors, all of which are impossible for anyone to foresee. THEREFORE, Mathew Easow and matheweasow.com cannot accept any responsibility for any investment decision or trading decision taken by readers and clients on the basis of information contained herein. Short Term Target Means – Approximately 3 –4 weeks. If the target is not met within 3-4 weeks then please exit the positions. Please follow stop losses very strictly and do not take positions where one is uncomfortable with the stop loss level. Above all Buy or Sell the stock only when the risk - reward ratio vis–a–vis the stop loss is favourable for taking a position. Individual traders should book profit depending on their risk capacity and need not wait for the targets.

 

 

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