ABB

ABB has broken a major support. One can start shorting it add on the pullbacks

SYMBOL: ABB
CALL: SHORT
STOP LOSS: 830
TARGET-1 : 758
TARGET-2 : 680

NECTAR LIFESCIENCES

Nectar Lifesciences is an integrated pharma firm engaged in developing, manufacturing and marketing of specialized drugs. It has been doing consistently well.

On charts it has started showing a bit of weakness. One can take advantage and start accumulating in dips up to the level of 32-33 with a long term view.

SYMBOL: NECLIFE
CALL: BUY
TARGET: 55-58
STOP LOSS: 31

EDUCOMP

Educomp has broken a major support. It can see a sharp correction from here onwards. One should add shorts on every rise till 710-715.

SYMBOL : EDUCOMP
CALL : SHORT
STOP LOSS : 720
TARGET 1 : 653
TARGET 2 : 625

JAGRAN PRAKASHAN

Jagran Prakashan is a Mid Term Buy.


SYMBOL : JAGRAN
CALL : BUY
STOP LOSS : 110
TGT-1 : 142
TGT-2 : 165

NIFTY READY FOR A BREAKOUT

Have a look on 30 min charts. Nifty has formed a nice symmetrical triangle and almost reached it apex. As per the height of the triangle it can give a fast move of about 210 points on either side as per the BO.

Buy above 5336 TGT 5536
SELL below 5265 TGT 5103

TRADING WISDOM

You have only three choices when you are in a bad position and it is not hard to figure out what to do ?

1. Get out of it.

2. Double your position.

3. Spread your risk.

It is always better to get out of the loosing position.

HEIDELBERG CEMENT

Buy Heidelberg Cement with a Medium Term veiw.
Company plans to double it capacity in coming 3-4 quarters.

SYMBOL: HEIDELBERG
CALL : BUY
TARGET: 71
STOP LOSS: 51