[sharetrading] Anagram's Daily Call

 

 Anagram's Daily Call : 5th March 2010

 

VIEWPOINT: A HEALTY CORRECTION

 

Dow gained nearly half a percent to turn positive year to date. Better than expected readings of jobless claims, monthly retail sales and nonfarm business activity overshadowed the poor performance on factory orders and pending home sales front. Greece successfully completed an offering of 10-year debt.

 

Yesterday, in our markets, while frontline indices took a breather after 3 days of heady gains, it was the turn of broader indices to party. BSE Mid-cap and small-cap indices surged nearly 1%. These kinds of running correctins make the market healthy. The overall trend remains bullish. As mentioned in our earlier reports, after crossover of 4950, a higher top higher bottom formation is in place on the daily chart and the strategy should be to go long on dips rather than short on rallies. 5049, yesterday's low is the immediate support, followed by 4950. Meaningful resistance comes only in the 5170-5240 region. Report on US February nonfarm payroll to be released today will be the key data to watch out for.

 

OPEN POSITION CALLS
Reco Date	STOCK	RECO PRICE	RECOMMENDATION	SL	TARGET	TIME FRAME	CMP	% Gain/ Loss on CMP	Comments
05/01/2010	ELECTRO STL	51.70	BUY 50% AT CMP AND 50% AROUND 47	42	67,75	2-3 MONTHS	46.80	-5.17	Call Open
16/01/2010	BEML	1185.00	BUY 50% AT CMP AND 50% AROUND 1100	985	1525	2-3 MONTHS	1049	-8.18	Call Open
18/01/2010	J B CHM	66.50	BUY 50% AT CMP AND 50% AROUND 61	55	83	2-3 MONTHS	64.75	1.57	Call Open
29/01/2010	GARW POLY	53.55	ACCUMULATE BETWEEN 53.55-51	46	67	1 Month	57.35	7.10	BOOK PROFIT
02/03/2010	USHA MARTIN	91.9	ACCUMULATE BETWEEN 92-91	86.4	98	3-4 DAYS	90.5	-1.52	Call Open
03/03/2010	TINPLATE	81.7	ACCUMULATE BETWEEN 81.75-81	77.1	88.4	2-3 DAYS	82.55	1.04	Call Open
03/03/2010	GMR INFRA	1.45	MARCH 60 CALL (F&O RECO)	1	2.4	2-3 DAYS	1.75		EXITED AT 1.75
04/03/2010	REL COM	3.3	MARCH 170 CALL	2.3	5.4	2-3 DAYS	3.3		Call Open

 

To Read our Morning Call, Please CLICK HERE

 

Regards,                               

Anagram Research                       

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