The support for the Sensex is at 14350 and the resistance to the up move at 14479-14567." said Prakash Gaba
Tuesday, May 22, 2007
Different Views and Today's Summary
The support for the Sensex is at 14350 and the resistance to the up move at 14479-14567." said Prakash Gaba
Investment Pick
Bullish Breakout today from long consolidation @ Rs. 70-75/-
Intraday Calls for 22nd May
Buy Avaya Global @ Rs. 307/- Target Rs. 320-325/- Stop Loss Rs. 299/-
Buy Prajay Eng @ Rs. 270/- Target Rs. 278-280/- Stop Loss Rs. 265/-
Buy Sadbhav Eng @ Rs. 555/- Target Rs. 570-575/- Stop Loss Rs. 548/-
Sell Balaji Telefilms @ Rs. 248-250/- Target Rs. 235/- Stop Loss Rs. 252/-
Sell Moser Baer @ Rs. 460/- Target Rs. 445/- Stop loss Rs. 465/-
Intraday Rules
If open very high about 5% from previous close, dont buy. (If there is no reason for increasing)
If open low or same as previous close and making new highs with volumes, Then Buy.
If open High and Making new lows with volumes, Then Sell.
If Open & High same, Then sell.
If Open & Low same, Then buy.
Buy only those stocks which are in news.
Above rules works in most of the cases (about 95%).
So keep in mind.
Disclaimer
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