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Weekly Trading Strategy( 02nd April 07 - 06th April 07 )
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(Cut &Paste http://kalpataru.250free.com/kalpataru/weekly0204klm.htm )
Monthly Trading Strategy (April 2007)
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(Cut &Paste http://kalpataru.250free.com/kalpataru/monthly0104ppp.htm )
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| Important Disclosure
None of the promoters/ associates/ employees of Trade4Profit OR
Kalpataru Investment Consultants has any position in any of the below advised stocks.
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* NIFTY/ SENSEX !
Nifty - Target of 4000+ Maintained - Use Every Corrective Decline for Buy for 3-4 Weeks
Concentrate on Stocks with Fresh Bullish Breakout in Daily Charts
* SAKTHI SUGAR !
Highly Oversold in Daily Charts - Use every Decline to Buy with SL for Target of 100+ in coming weeks
(From KTP280307)
* I T C LTD. !
Bullish Breakout in Daily Charts - Buy on Every Decline with SL for Target of 161-162
* TATA STEEL !
Minor resistance @ 450 - Bullish Breakout from Resistance with Volumes to Target 480+ in Few sessions
* RANBAXY LTD. !
Bullish Indications in Extreme Short Term - Use declines to Buy with SL for Target of 380+
* RELIANCE ENGG. !
Strong Resistance @ 500 - Bullish Crossover with Volumes will Target 540-550 in Few Days
* SATYAM COMP. !
All Short Term Indicators in favour of Rise to 500+ in Few Days - Buy on Every decline with SL
* N T P C !
Bullish Breakout in Hourly Charts - Buy on Minor Decline with SL for Target of 160+
* HIND LEVER !
Target of 210-212 maintained - Use Any Corrective Decline to Buy with SL
* RANA SUGAR !
Bullish Breakout from Months Long Consolidation Pattern - Buy on Every Decline for Medium Term Target of 40+
* BAJAJ HIND. !
Bullish Breakout in Daily Charts - Use Declines to Buy with SL for Target of 220+
* GUJ NRE COKE !
EST Bullish target of 40 Achieved - Buy on Pullback for Target of 44-45 in Few Days
* HIND OIL EXPLO. !
Highly Oversold in Daily Charts - Use Further Declines to Buy Gradually for Short Term Target of 80+
* RAJSHREE SUGAR !
All set to Cross 80+ in coming weeks - Use every Decline to Buy only with SL
* ORCHID CHEM !
Minor resistance @ 266-268 / Bullish Crossover with Volumes will Target 300+
* C E S C !
Ready to Take Off - Bullish Pattern in making / Close above 385 will Target 420+ in coming Days
* SUN PHARMA !
Heading for 1100+ / Buy on every Decline with SL
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| Bulls & Bears (Technically Speaking) |
| CESC Ltd. (Daily) | Rana Sugars (Daily) |
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| Weekly Gainers & Losers (Min Avg Volume >5,00,000 Shares /Week) |
| Pls Click Here or
(Cut &Paste http://kalpataru.250free.com/kalpataru/weekly0204klm.htm ) |
| Present Status Of The Market And Future Anticipation |
| Nifty/ Sensex: Anticipated High-Lows for the Week
Nifty: High - 3832.20 – 3,860.56 : Low -3,725.30 – 3,750.35
Sensex: High - 13,111.87 – 13,208.92 : Low - 12,798.80 – 12,832.69
PRESENT STATUS OF THE MARKET AND FUTURE ANTICIPATION: Indices have not yet entered into “Intermediate Buy Mode” and Sensex closing last week below mid level of the week with black candle indicates lower top lower bottoms for this week as compound to last week – within first couple of days indices should come down to take support in ranges 3,725.30 – 3,750.35 & 12,798.80 – 12,832.69 then a minor rally should take indices to up ranges of 3832.20 – 3,860.56 & 13,111.87 – 13,208.92 where profit booking should emerge for this week.
Overall monthly scenario for April 2007 indicates higher top higher bottom compared to March 2007 – good support should emerge in ranges3,680.60 – 3,711. 33 & 12,664.33 – 12,695.07.
TODAY'S TREND: Full Day Down.
2) MEDIUM TERM TREND (INTERMEDIATE) :
It has turned Downj.
Last week 148 scrips have closed lower as compared to only 41 scrips in the preceding week (av. fall per scrip at 3 .42% is also higher than the av. fall per scrip of 2. 65% in the preceding week) & only 91 scrips have closed higher as compared to 197 scrips in the preceding week (av. rise per scrip at 3 .21 % is also lower than the av. rise per scrip of 5 .66% in the preceding week) out of 250 scrips we follow regularly;
Last week A-D data is indicating that down mode restarts .
3) LONG TERM TREND (MAJOR) :
It continues up
4) REVIEW OF OUR 'ON - LINE RECOMMENDATIONS' OF LAST WEEK:
Last week on the buy side 4 trades were recommended involving positions equivalent to 8 .75 % of the capital (5 .00 % on delivery basis) and profit / loss booking was recommended in 7 trades (which included 6 trades of earlier weeks) involving positions equivalent to 16 .82 % of the capital (8 .75 % on delivery basis).
AVE POSITION PER BOOKED DEAL WORKS OUT TO BE = 2.40 % of the capital (our target is 5. 00%).
AVE PROFIT PER BOOKED DEAL WORKS OUT TO BE = 02.08% (our target is 3. 00 %).
BOOKED PROFIT ON THE CAPITAL = 00.35 % (our target is 2. 50%). |
| For Weekly Traders (02.04.2007)
(Weekly Support/ Resistances of Indices & active F&O Scrips) |
| We are giving below the Important WEEKLY Support and Resistance Levels of few most actively traded F&O scrips/Indices.
Weekly Traders are advised to read the Disclaimer and Rules for Successful Trading & apply Stop Loss on all trades.
(Conditions - Avg Weekly Volume in 5 Weeks >10,00,000 Shares) |
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(Cut &Paste http://kalpataru.250free.com/kalpataru/weekly0204klm.htm ) |
| Change in Indices in last 5 Weeks |
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| Weekly Bar Reversals + Bullish/ Bearish Engulfing Patterns
(Only for Select Stocks having Volume more than 5,00,000 shares/Week at NSE) |
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