PowerYourTrade Trading Calls for 17th January 2008

Trading Calls for 17th January 2008

Ashwani Gujral Buy Indian Bank with a stop of 219 for a short term target of Rs 265 Buy Indian Bank with a stop of 219 for a short term target of Rs 265 Disclosure: Neither me, nor my family nor our clients have any position in the above stock. However we run a substantial newsletter, chatroom and money mgmt business and this can change at any time in the future. Buy Asian Electronics with a stop of 490 for short term targets of Rs 570 and 810 Buy Asian Electronics with a stop of 490 for short term targets of Rs 570 and 810 Disclosure: Neither me, nor my family nor our clients have any position in the above stock. However we run a substantial newsletter, chatroom and money mgmt business and this can change at any time in the future. Rajat K Bose Buy RNRL with a stop loss of Rs 209 for a short term target of Rs 223 and Rs 230. This is a day trading recommedation Buy RNRL with a stop loss of Rs 209 for a short term target of Rs 223 and Rs 230. This is a day trading recommedation 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. Mathew Easow Buy Himat Singka Seide with a stop loss of 101 for a short-term target of 140 Buy Himat Singka Seide with a stop loss of 101 for a short-term target of 140 Disclaimer: - At the time of writing this article, I,my family members and my group companies do not have any position in HIMAT SINGKA SEIDE LTD AND NIFTY FUTURES. 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 & investment opportunities and it does that to the best of its abilities. The information contained herein is not a complete analysis of every material fact representing the company, industry or security. The views expressed may change. However, prices can move up as well as down due to a number of factors, all of which are impossible for anyone to foresee. THEREFORE, Mathew Easow and matheweasow.com cannot accept any responsibility (or liability) for the accuracy of the above contents and also 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 /investors should book profit depending on their risk bearing capacity and need not wait for the targets Buy NIFTY FUTURES with a stop loss of 5800 for a short-term target of 6180 Buy NIFTY FUTURES with a stop loss of 5800 for a short-term target of 6180 Disclaimer: - At the time of writing this article, I,my family members and my group companies do not have any position in HIMAT SINGKA SEIDE LTD AND NIFTY FUTURES. 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 & investment opportunities and it does that to the best of its abilities. The information contained herein is not a complete analysis of every material fact representing the company, industry or security. The views expressed may change. However, prices can move up as well as down due to a number of factors, all of which are impossible for anyone to foresee. THEREFORE, Mathew Easow and matheweasow.com cannot accept any responsibility (or liability) for the accuracy of the above contents and also 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 /investors should book profit depending on their risk bearing capacity and need not wait for the targets.