Newsletter for 09/05/07 ....

GOOD MORNING.

DEAR FRIENDS,

COOL UNDER PRESSURE

MARKETS ARE CORRECTING & QUICKGAINERS ARE ON A ROLL.

CONTINUE WITH STOCK SPECIFIC APPROACH. AVOID HOLDING ON TO LOSING TRADES. KEEP TRAILING STOPLOSSES TO YOUR WINNERS. DO NOT LOSE PATIENCE.

TODAY, SENSEX FACES RESISTANCE AT 13820, 13895 & 14030. ABOVE 14050, BULLS MAY BREATH EASY & PLAN FOR A MUCH SMOOTHER JOURNEY TOWARDS NEWER HIGHS. SUPPORTS ARE PLACED AT 13685 & 13605.

MAJOR SUPPORT FOR SENSEX IS PLACED AT 13480.

WORST CASE INTRA-DAY DROP TO 13330 OR 13130 IN PANIC LIKE SITUATIONS IS A PROBABLITY. IF IT DOES OCCUR, THEN A SMART INVESTMENT BUYING OPPORTUNITY WILL BE PRESENTED TO YOU ON A PLATTER.

GRASIM - BUY WITH STOPLOSS AT 2440. ABOVE 2525, STOCK WILL GATHER MOMENTUM TO TOUCH 2610 & 2700 IN EXTREME SHORT TO SHORT TERM.

SUZLON ENERGY - ABOVE 1235, STOCK WILL ELECTRIFY THE STREET, TARGETTING 1320 IN EXTREME SHORT TERM. BUYING ON DECLINES IS RECOMMENDED UPTO 1190 WITH STOPLOSS PLACED AT 1180.

HINDUJA TMT (BSE CODE 500189) CMP 595.85
BUY UPTO 580 WITH STOPLOSS PLACED AT 574. ABOVE 610, STOCK WILL ROCK! TARGETS ARE 635, 650 & 680 IN EXTREME SHORT TO SHORT TERM.

ESS DEE ALUMINIUM (BSE CODE 532787) CMP 290.35
STOCK IS FIRING ON ALL CYLINDERS. BUY AT CURRENT LEVELS & AT DECLINES UPTO 280 WITH STOPLOSS PLACED AT 275 FOR QUICK TARGETS OF 320. MINOR BUMP AT 295 - 300 AFTER THAT ONLY SMOOTH RIDE.

SUNIL HITECH (BSE CODE 532711) CMP 108.25
STOCK IS UNDER STRONG ACCUMULATION & IS CONSOLIDATING AT HIGHER LEVELS ONLY. MOVE ABOVE 115 FETCHES US TARGETS OF 125, 132 & 140 IN EXTREME SHORT TO SHORT TERM. BUYING AT CURRENT LEVELS SHOULD BE DONE UPTO 105 WITH STRICT STOPLOSS AT 102.

TAKE CARE!!

NICE DAY!!

BEST REGARDS,

For email copy of the newsletter mail to noorrock2002@gmail.com


NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
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