Friday, September 28, 2007

DAILY REPORT FOR 28 SEPTEMBER, 2007

NIFTY: - Open 4942 High 5016 Low 4942 Close 5000 (+60 points)

P/E 22.49 P/B 5.33 Adv 33 Dec 17

Supp 4980/4960/4930 Res 5028/5060/5100

SENSEX: - Open 17059 High 17188 Low 17018 Close 17150 (+229 pts)

Supp 17070/17000/16880 Res 17220/17280/17340

5000 conquered:-

· F&O expiry pushed the indices higher and Nifty touched the psychological milestone of 5000. Both Sensex and Nifty could close above 17000 and 5000 respectively.

· Volumes were very high at Rs 20797 Cr in spot market and F&O Vol Rs 86226 Cr.

· Breadth– BSE Adv 1424 Dec 1541 Unch 68 NSE Adv 475 Dec 612 Unch 22

· FII buying was huge worth Rs 2226 Cr in Cash Market whereas Domestic Institutional Investors sold Rs 311 Cr. FIIs bought Rs 985 Cr in Index Fut and sold Rs 674 Cr in Stock Futures.

· Significant gainers were IT and Metal stocks. Sterlite Inds, Tata Steel and Nalco were top gainers on the Nifty. Infosys led the Tech pack with 4% gain.

Top Gainers: - Rel Energy, Sterlite Inds, Tata Steel, Nalco, Infosys

Top Losers: - Hind Unilever, RPL, Hind Petro, ABB, Ambuja Cem

Indian ADRs: - http://tinyurl.com/33m7dx

Outlook for Friday:-

· F&O pressures are behind us, short-covering can push the stocks to astonishing heights but now we start a new series. Reliance stocks have been among major gainers this month and recently we have seen buying in Tech and Refinery stocks. Now if that continues, we may assume that bad days are slowly getting over for those sectors.

· Nobody can tell the top beforehand but we have gained around 3400 points (Sensex) in last 30 trading sessions and that gives some room for correction, whenever it starts.

· We should consider 17000 as a good support for today’s trading and look forward to 17300 levels to be achieved.

· Sasken Comm (330):- The stock has come down from its recent peak at 407. Buy for target of 360-365. One can keep a SL at 320.

· Suzlon (1449) looks good at current levels. It can add 120-130 rupees more.

(Keep SL in short-term trades)

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

Thursday, September 27, 2007

DAILY REPORT FOR 27 SEPTEMBER, 2007

NIFTY: - Open 4937 High 4980 Low 4930 Close 4940 (+2 points)

P/E 22.21 P/B 5.27 Adv 22 Dec 28

Supp 4915/4870/4840 Res 4955/4985/5005

SENSEX: - Open 16969 High 17073 Low 16887 Close 16921 (+21 pts)

Supp 16880/16810/16670 Res 16970/17080/17150

Bulls refuse to surrender:-

· Sensex hit the psychological mark of 17000 but we could not close above that mark. Now next immediate milestone is 5000 for the Nifty.

· Volumes were Rs 16977 Cr in spot market and F&O Vol Rs 78536 Cr.

· Breadth turned positive– BSE Adv 1614 Dec 1347 Unch 72 NSE Adv 621 Dec 462 Unch 26

· FIIs bought equity Rs 727 Cr in Cash Market whereas Domestic Institutional Investors continue to sell Rs 701 Cr. FIIs bought Rs 151 Cr in Index Fut and sold Rs 983 Cr in Stock Futures.

· Tech and Refinery stocks were major gainers. HCL Tech, Rolta and Patni rallied smartly. HPCL and BPCL were among top gainers on the Nifty.

Top Gainers: - HCL Tech, Hind Petro, BPCL, Satyam Comp, Nalco

Top Losers: - Rel Energy, Reliance, Maruti, RPL, IPCL

Indian ADRs: - http://tinyurl.com/33m7dx

Outlook for Thursday:-

· Today is the F&O expiry day for the month of Sept 2007. Total Open Interest position is at Rs 102803 Cr.

· We met with supply above 17000 levels on the Sensex. We have to close above it to show further strength.

· Yesterday although Reliance stocks corrected a bit, Tech and Banking provided good gains. That is why fall was limited. Now if ONGC and Techs can perform, we will see further impetus for this rally.

· Dr Reddy (639):- Buy with SL 620 for target 690-700

· Bajaj Auto and TVS Mot look good from Auto sector. Buy for short-term gains.

(Keep SL in short-term trades)

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

Wednesday, September 26, 2007

DAILY REPORT FOR 26 SEPTEMBER, 2007

NIFTY: - Open 4939 High 4953 Low 4878 Close 4938 (+6 points)

P/E 22.21 P/B 5.27 Adv 27 Dec 23

Supp 4920/4890/4875 Res 4965/4985/5005

SENSEX: - Open 16890 High 16928 Low 16676 Close 16899 (+53 pts)

Supp 16830/16770/16670 Res 16940/16990/17080

What happened yesterday:-

· Nifty consolidated between positive and negative territory and finally we could close 6 points up.

· Volumes were lower at Rs 17805 Cr in spot market and F&O Vol Rs 83677 Cr.

· Breadth was negative but better than Friday– BSE Adv 1198 Dec 1770 Unch 64 NSE Adv 412 Dec 672 Unch 25

· FIIs are pumping money everyday. They bought Rs 1496 Cr Equity in Cash Market whereas they bought Rs 628 Cr in Index Fut. They continue to hedge with selling Rs 742 Cr in stock futures. Domestic Institutions Net Sellers Rs 516 Cr in cash market.

· Realty stocks corrected after a decent run-up in recent past. Akruti, Unitech, Peninsula were down more than 4% each.

Top Gainers: - BPCL, HDFC Bank, Hind Petro, Hindalco, Bharti Airtel

Top Losers: - RPL, GAIL, Hero Honda, M&M, PNB

Indian ADRs: - http://tinyurl.com/33m7dx

Outlook for Wednesday:-

· We are near psychological levels of 17000 on the Sensex and 5000 on the Nifty. We have to see whether those will be achieved in a day or two. This rally has been led by Reliance group stocks to a large extent and if other stocks don’t outperform when Reliance stocks start correcting, we may have a good downfall in the indices.

· Tech stocks are near good support levels and some upside can be possible from current levels. But as market can be volatile because of F&O expiry ahead, buying in cash is only advised.

· 4965 is good resistance, which if not crossed, may give way to some correction. 4850 and 4770 should provide support.

· Suzlon (1440):- Buy near 1390-1410. The stock can target 1550-1570 in 2-3 weeks.

· HCL Tech (280):- Buy with SL below 270 (Closing basis) for target of 310-315

(Keep SL in short-term trades)

Wipro bags $130 mn contract from Thames Water http://economictimes.indiatimes.com/Wipro_bags_130_mn_contract_from_Thames_Water/articleshow/2403130.cms

$38 bn deals set to knock on IT doors http://economictimes.indiatimes.com/IT_bets_big_on_38_bn_IM_deals_set_for_renewal/articleshow/2403139.cms

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

Tuesday, September 25, 2007

DAILY REPORT FOR 25 SEPTEMBER, 2007

NIFTY: - Open 4837 High 4941 Low 4837 Close 4932 (+94 points)

P/E 22.18 P/B 5.26 Adv 37 Dec 13

Supp 4900/4865/4835 Res 4950/4975/5005

SENSEX: - Open 16697 High 16869 Low 16599 Close 16845 (+281 pts)

Supp 16770/16670/16600 Res 16880/16940/17050

Bulls in total control:-

· Auto, Oil and Gas, Banking, Capital Goods, Real estate all worked in unison to take Sensex near 17000 and Nifty near 5000 levels. Reliance group stocks again did the magic.

· Volumes were massive at Rs 18831 Cr in spot market and F&O Vol Rs 79397 Cr.

· Breadth was negative but better than Friday– BSE Adv 1417 Dec 1550 Unch 65 NSE Adv 521 Dec 565 Unch 21

· FIIs bought Rs 1190 Cr Equity in Cash Market, Domestic Institutions Net Sellers Rs 670 Cr; FIIs bought Rs 481 Cr in Index and sold Rs 237 Cr in Stock futures.

Top Gainers: - REL, RPL, GAIL, Tata Power, Maruti

Top Losers: - Infosys, Sun Pharma, Satyam Comp, Glaxo, ITC

Indian ADRs: - http://tinyurl.com/33m7dx

Outlook for Tuesday:-

· 16770 is the support for the Sensex and we can see higher levels as long as we maintain above that. A move below that and things can get volatile as expiry is just 2 days away.

· Castrol (261):- Buy for target of 285-290 in short term

· Natco Pharma (114.85):- The stock can target 132-136 in days to come. Keep SL at 107.

· Sun-outage closure starts from today and such times are normally very sluggish for the markets. Usually traders find it difficult to concentrate on trading positions.

(Keep SL in short-term trades)

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

Monday, September 24, 2007

DAILY REPORT FOR 24 SEPTEMBER, 2007

NIFTY: - Open 4752 High 4855 Low 4733 Close 4837 (+90 points)

P/E 21.89 P/B 5.39 Adv 36 Dec 14

Supp 4810/4760/4730 Res 4880/4905/4935

SENSEX: - Open 16352 High 16616 Low 16308 Close 16564 (+216 pts)

Supp 16500/13370/16300 Res 16620/16675/16800

Reliance stocks pull up the sentiment:-

· After a hesitating start to the day, bulls took absolute control of the market and Sensex shot up by another 216 points. Week-on-week Sensex gained 6%.

· Volumes were very good at Rs 16687 Cr in spot market and F&O Vol Rs 75928 Cr.

· Breadth was a bit negative– BSE Adv 1282 Dec 1692 Unch 57 NSE Adv 456 Dec 623 Unch 28

· FIIs bought Rs 762 Cr Equity in Cash Market, Domestic Institutions Net Sellers Rs 277 Cr; FIIs bought Rs 1462 Cr in Index and sold Rs 416 Cr in Stock futures.

· Reliance group stocks are defying rules of gravity day in and day out. Reliance Industries itself was up around 4%. RNRL spurted 35%. RPL too continued the upward journey with a gain of 11%.

Top Gainers: - RPL, GAIL, Reliance, Hero Honda, IPCL

Top Losers: - Suzlon, Sun Pharma, Zee Enter, ITC, Cipla

Indian ADRs: - http://tinyurl.com/33m7dx

Outlook for Monday:-

· Though vertical rallies do occur, we have to keep in mind that intraday corrections are also practically possible things. Good weekly support for the Nifty is 4765 and 4715.

· Indices are hitting new peaks everyday and various sectors which were laggards have started performing. Instead of chasing hot stocks which are already at all time highs; investors should look for opportunities in those sectors which have not performed well. FMCG and Auto industry stocks have been underperformers. They have again begun rallying with the gaining markets. Hind Unilever and Maruti can see more gains. Tech stocks are near yearly lows. TCS and Satyam are near their crucial support levels and investors can look at accumulating these stocks slowly.

· Pharmaceutical stocks like Biocon and Ranbaxy show strength on charts. One should buy them for short to medium term gains.

· Tata Chem (277):- The stock has broken out and one should buy it for medium term. It can return 15-20% from current levels also.

· 3I Infotech (145):- The stock can target 160-163 in short term.

(Keep SL in short-term trades)


Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

Friday, September 21, 2007

DAILY REPORT FOR 21 SEPTEMBER, 2007

NIFTY: - Open 4734 High 4760 Low 4721 Close 4747 (+15 points)

P/E 21.49 P/B 5.29 Adv 27 Dec 22 Unch 1

Supp 4720/4700/4670 Res 4765/4786/4810

SENSEX: - Open 16341 High 16415 Low 16261 Close 16347 (+25 pts)

Supp 16250/16180/16050 Res 16420/16490/16560

Real estate zooms:-

· It was a very calm day for the indices as Sensex moved between just 150 points after a 650 pt rally on Wednesday.

· Volumes were very good at Rs 14770 Cr in spot market and F&O Vol Rs 58327 Cr.

· Breadth was on the negative side– BSE Adv 1319 Dec 1652 Unch 60 NSE Adv 435 Dec 632 Unch 38

· FIIs bought Rs 1627 Cr Equity in Cash Market, Domestic Institutions Net Sellers Rs 564 Cr; FIIs bought Rs 425 Cr in Index and sold Rs 115 cr in Stock futures.

· Real Estate stocks gained quite a bit. DLF rallied 5%, Indiabulls Real Estate and Unitech were up 9% and 12% respectively. Tech stocks were down as Rupee hit a fresh high against the US Dollar. Wipro, Tech Mah, Infosys, Patni and HCL Tech were all down.

Top Gainers: - Hind Petro, Rel Energy, Siemens, M&M, BPCL

Top Losers: - Wipro, HCL Tech, Infosys, GAIL, TCS

Indian ADRs: - http://tinyurl.com/33m7dx

Outlook for Friday:-

· We have gained nearly 250 points on the Nifty in just 3 trading sessions, FII money has again started flowing in. But breadth is not very positive.

· We may consolidate near current levels. 4780 to 4710 may be the range for the Nifty today.

· IVRCL Infra (413):- The stock can target 460-470 levels in short term.

(Keep SL in short-term trades)

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

Thursday, September 20, 2007

DAILY REPORT FOR 20 SEPTEMBER, 2007

NIFTY: - Open 4550 High 4739 Low 4550 Close 4732 (+186 points)

P/E 21.42 P/B 5.27 Adv 44 Dec 6

Supp 4710/4690/4670 Res 4745/4775/4815

SENSEX: - Open 15940 High 16335 Low 15940 Close 16322 (+653 pts)

Supp 16240/16195/16130 Res 16370/16450/16510

Bears R.I.P.:-

· Huge gap-up opening was followed by consistent buying in heavyweights like Reliance, ICICI Bank, SBI and many more to take Sensex above 16000 and Nifty above 4700 very comfortably. Sensex was up whopping 657 points.

· Volumes were very good at Rs 16494 Cr in spot market and F&O Vol Rs 68643 Cr.

· Breadth was positive– BSE Adv 1625 Dec 1328 Unch 77 NSE Adv 645 Dec 430 Unch 30

· FIIs bought Rs 2457 Cr Equity in Cash Market, Domestic Institutions Net Sellers Rs 328 Cr; FIIs bought Rs 3281 Cr in Index and Stock futures.

· Sugar stocks became very sweet. Bajaj Hind, Balrampur and Renuka were up more than 20% each.

Top Gainers: - HDFC, HDFC Bank, SAIL, Bharti Airtel, GAIL

Top Losers: - Glaxo, Dabur, MTNL, Nalco, Hind Petro

Indian ADRs: - http://tinyurl.com/33m7dx

Outlook for Thursday:-

· US Markets continued the rally. The Dow closed 76 points higher. Asian markets are trading flat.

· Our markets are expected to open firm after yesterday’s massive rally. Now it is other heavyweights like L&T, BHEL and ONGC who should take this market higher.

· Intraday corrections are always a possibility at such highs, so intraday traders have to watch out for such developments.

· GDL (139):- The stock can target 152-155 in a week’s time.

(Keep SL in short-term trades)

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

Wednesday, September 19, 2007

DAILY REPORT FOR 19 SEPTEMBER, 2007

NIFTY: - Open 4494 High 4551 Low 4481 Close 4541 (+47 points)

P/E 20.57 P/B 5.06 Adv 41 Dec 9

Supp 4520/4505/4480 Res 4585/4625/4650

SENSEX: - Open 15547 High 15691 Low 15468 Close 15669 (+165 pts)

Supp 15600/15540/15460 Res 15710/15825/15875

Finally a close above 4535:-

· The opening was hesitating but bulls had the battle under control. Banks and Capital Goods stocks pulled up the Sensex by 165 points. SBI was up nearly 3%.

· Volumes were higher at Rs 10933 Cr in spot market and F&O Vol Rs 45069 Cr.

· Breadth too was quite positive– BSE Adv 1921 Dec 1032 Unch 76 NSE Adv 755 Dec 318 Unch 30

· FIIs bought Rs 23 Cr Equity in Cash Market, Domestic Institutions Net Sellers Rs 232 Cr; FIIs sold Rs 799 Cr in Index and Stock futures.

· Non-index stocks saw huge buying. Raymond and Engineers India were up 20% each. Indus Ind, Adani Enter, Dredging Corp gained more than 10%.

Top Gainers: - Nalco, GAIL, ICICI Bank, Dabur, Suzlon

Top Losers: - Cipla, Wipro, Hind Unilever, Dr Reddy, Ster Inds

Indian ADRs: - http://tinyurl.com/33m7dx

Outlook for Wednesday-

· Ben Bernanke and Co cut interest rates by 50 bps and gave a boost to global equity markets. Dow Jones vaulted 335 points after the announcement. Asian markets have opened very strong on that note.

· Our markets are expected to open big gap-up and we can see 4620 on the Nifty in morning trade itself.

· Reliance Industries has led from the front from last many days and now focus should shift slowly towards other heavyweights. SBI and ICICI Bank can outperform.

· Hind Unilever (214) Buy for target 224-227 in a week or two. SL 210 (closing basis)

· Buy Siemens (1384):- The stock can target 1350-1360 in next 2-3 days.

(Keep SL in short-term trades)

http://tanmaygopal.blogspot.com/


Fed cuts rates by a half percentage point http://tinyurl.com/2s7bnn

GAIL says to borrow up to $1.72 bln by 2011 http://tinyurl.com/27c2v8

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

Tuesday, September 18, 2007

DAILY REPORT FOR 18 SEPTEMBER, 2007

NIFTY: - Open 4518 High 4549 Low 4482 Close 4494 (-24 points)

P/E 20.34 P/B 5.01 Adv 19 Dec 31

Supp 4480/4445/4424 Res 4525/4546/4585

SENSEX: - Open 15664 High 15726 Low 15467 Close 15504 (-99 pts)

Supp 15455/15350/15200 Res 15570/16680/15820

Some anxiety before the Fed meet:-

· The opening was a bit bullish but early gains were given up as investors took a cautious stance going into the FOMC meeting on 18-Sep-2007.

· Volumes were lower at Rs 9395 Cr in spot market and F&O Vol Rs 35768 Cr as market participation was low.

· Breadth was somewhat positive– BSE Adv 1509 Dec 1444 Unch 75 NSE Adv 517 Dec 551 Unch 35

· FIIs bought Rs 94 Cr Equity in Cash Market, Domestic Institutions Net Sellers Rs 140 Cr; FIIs sold Rs 1139 Cr in Index and Stock futures.

· IT stocks were major losers. Patni, Rolta and TCS were down more than 2% each. But stock-specific action was not missing as Titan, GMDC, Adani Enter, Century Enka were among top gainers.

Top Gainers: - Rel Energy, Hind Unilever, Suzlon, Zee Enter, MTNL

Top Losers: - TCS, RCom, HDFC, Bharti Airtel, Satyam Comp

Indian ADRs: - http://tinyurl.com/33m7dx

Outlook for Tuesday-

· American markets were flattish just ahead of the Fed meet today. Asian markets open lower. A rate-cut from the FOMC is expected unanimously but the world markets seem to have discounted the same.

· Crude Oil touches $81 mark, a new all time high for the commodity.

· Indices have remained sluggish in recent past and a strong move is awaited.

· Nagarjuna Construction and Hindustan Construction look good from Med-term viewpoint and can give 10-15% returns.

· Lupin (592) Buy with SL 570 Target 650-660

· Tube Investment (60.80):- The stock can target 72-74 in a month’s time. SL 57

(Keep SL in short-term trades)


Bernanke's Fed faces a key test http://tinyurl.com/2yzyfp

FII holding doubled to 22% in past six years: Citigroup study http://tinyurl.com/2hxlsq

Indian Hotels buys 10% of Orient Express for $211 mn http://tinyurl.com/2zqxks

Lanco pairs with Gulftainer to bid for Rs900 cr project http://tinyurl.com/ype4pp

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

Monday, September 17, 2007

DAILY REPORT FOR 17 SEPTEMBER, 2007

NIFTY: - Open 4530 High 4582 Low 4508 Close 4518 (-10 points)

P/E 20.45 P/B 5.03 Adv 16 Dec 34

Supp 4505/4485/4445 Res 4535/4556/4585

SENSEX: - Open 15713 High 15824 Low 15568 Close 15603 (-10 pts)

Supp 15560/15480/15350 Res 15670/15730/15870

Flat closing after a roaring start:-

· Positive global cues gave us a strong opening but the party didn’t last for long. Sensex topped out at 15824 and gave sharp correction as profit-booking was witnessed in heavyweights like SBI and Reliance.

· Volumes were Rs 12509 Cr in spot market. F&O Vol Rs 47177 Cr.

· Breadth was positive but turned negative in late trade– BSE Adv 1107 Dec 1852 Unch 66 NSE Adv 310 Dec 772 Unch 20

· FIIs bought Rs 1286 Cr Equity in Cash Market, Domestic Institutions Net Sellers Rs 260 Cr; FIIs bought Rs 407 Cr in Index Fut and sold Rs 90 Cr Stock Futures.

· Some stocks did gain handsomely. Alok Inds was up 5%. FDC was up more than 9%.

Top Gainers: - Sterl Inds, ICICI Bank, HDFC Bank, ITC, L&T

Top Losers: - Maruti, ACC, HCL Tech, Cipla, GAIL

Indian ADRs: - http://tinyurl.com/33m7dx

Outlook for Monday-

· Nifty breached the resistance around 4530-4540 but could not sustain and we lost the intraday gains on Friday. But stock-specific action continued.

· Major support levels are 4424 and 4445. As long as we maintain above them, bulls don’t have much to worry.

· BSE Midcap, BSE Smallcap and NSE Midcap have touched all-time highs whereas Nifty and Sensex fail to do so. Clearly the major market action is taking place in mid-cap and small-cap stocks. But those are mostly momentum stocks and one has to deal in them with speculative mindset as those same stocks can destroy great wealth in times of deep corrections, not to regain in quick time.

· Bata (175) looks like broken out and it can target 240-250 in med-term.

· Biocon, Dr Reddy, Renuka Sug, Nitin Fire look good on graph and one can buy them for short-term gains.

(Keep SL in short-term trades)


Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.