TRADING STRATEGY :14th November'07

NIFTY FUTURE : Above 5759.....will take to 5795-5809 level. expect NIFTY TO OPEN WITH HIGH GAP AROUND 100 POINTS UP , NASDAQ UP 3.3 % ALL ADR'S UP... A D R : MTNL UP 14 % , ICICI BANK UP 12 % , WIPRO UP 4 % , SATYAM COMP UP 5 %... ON trade EXPECT ASIAN MARKET TO OPEN WITH POSITIVE HIGH GAP OPENING NEARLY 2 - 3 % ...RALLY WILL SUSTAIN ONLY IF METAL COMMODITES SEE BUYING IN COMING DAYS.....

TOP PICKS OF THE DAY : ( 3 SCRIPS )

IDBI : Once trade and sustained above 167 expected one side move and it will touch 174 - 175 LEVEL mark WITH S L 161 in 1 OR 2 HOURS WITH HUGE VOLUMES.... (OPEN POSITION UP 10 % IN FUTURES )

GE SHIP : BUY WITH SL 499, 496 WITH TARGET 515, 521 ON UPSIDE .GOOD VOLUME BUILT ON YESTERADAY TRADE...

SYNDICATE BANK : BUY WITH SL 99 WITH TARGET 107.5, IF CROSSES 108 WITH VOLUMES TL 113.60 HUGE POSITION BUILT IN YESTERADAY TRADE... ( OPEN POSITION UP 26 % ).

BULL CALLS :

ALLAHABAD BANK : BUY WITH SL 107 WITH TARGET 112.5 & 115 .

ALLAHABAD BANK : BUY WITH SL 107 WITH TARGET 112.5 & 115 .

MTNL : BUY ABOVE 168.5 SL 161 WITH TARGET 175.1 .( ADR UP NEARLY 14 % EXPECT HIGH OPENING )..

ON PANIC IDBI & SYNDICATE BANK....

SELL CALL :

GAIL : SELL BELOW 425 TL 413.10 , 414.50 ...

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