KALPATARU
TECHNICALS
(Branch
of Kalpataru Investment Consultants)
C-106/B,
KALKAJI, NEW DELHI - 110019 (INDIA)
Tel.: 011- 6295595, 6479472, 6470276- Mobile: 98111-11353
Inquiries and Suggestions from outside Delhi region may
be mailed to
[email protected]
|
Technical
Analysts and Portfolio Advisors
|
Real-Time (Online) Trading
Recommendations for Short-Term
Traders/ Investors
|
Daily Newsletter with Technically
Analysed
Recommendations for Short to Medium Term
Traders and Investors
|
India's
First Technical Analysts to provide Real-Time (Online)
Trading Recommendations since 1998
|
WINNERS OF ASIA-PACIFIC
AWARD
|
| Disclaimer- The recommendations in this
Newsletter are only of advisory nature, based on the
Technical Analysis of Stocks, a science which is time-tested,
practised and accepted worldwide (for delivery
based trading for short to medium term).Targets
are generally achieved within few days. For extreme short
term speculative trading, always use STOP LOSS. Never
trade in more than 3-4 scrips at a time and NEVER
OVERTRADE. We do not accept any reward or liability for
the contents of this Newsletter. |
Daily
Newsletter Best Suited to Short to Medium Term Investors
and Traders
|
Market Strategy as on 7th JUNE
2002
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WHAT THE CHARTS HAD FORETOLD
|
* INDO RAMA !
HEADING FOR 40-45 IN
FEW WEEKS
OVERBOUGHT IN SHORT TERM/ BUY BETWEEN 15-20
(FROM KTP030602)
* BEML/ IPCL / SHIP.CORP
!
OVERBOUGHT IN SHORT
TERM CHARTS- BOOK PART PROFIT
(FROM KTP040602)
* RAYBAN !
BULLISH BREAKOUT -
HEADING FOR 70-75
(FROM KTP030602)
* I T I !
BOOK PROFIT TO RE-ENTER
AT LOWER LEVELS
(FROM KTP030602)
* SHIPPING CORP. !
LIKELY TO CORRECT TO
86/88- BOOK PART PROFIT
(FROM KTP030602)
|
WHAT THE CHARTS FORETELL NOW
(FOR
INVESTORS)
|
INVESTORS/ TRADERS !
DO
NOT MIX-UP YOUR INVESTMENT/TRADING STRATEGIES
ANY
SHARE BEARISH FOR INTRA-DAY TRADING MAY BE BULLISH
FOR
SHORT TERM BUT AGAIN BEARISH FOR MEDIUM
TERM OR VICE-A-VERSA
|
* MARKETS AT CROSSROADS !
US MARKETS LIKELY TO
INFLUENCE
* HIND LEVER !
LIKELY TO DEFY TREND -
HEADING FOR 218-220
*APOLLO TYRES !
BULLISH BREAKOUT IN
WEEKLY CHARTS
MINIMUM TARGET 103-105
* GEOMETRIC SOFT !
LOCKED IN "TRIANGLE"
BULLISH BREAKOUT WILL GIVE RS 50/- MOVE
*SUBEX !
BEARISH INDICATIONS -
HEADING FOR 84-86 ?
* SHIPPING CORP. !
BEARISH TREND TO
CONTINUE - AVOID FRESH BUYING
* BHEL !
OVERBOUGHT &
RESISTANCE LEVEL - MINOR DECLINE LIKELY
* INDORAMA !
SELL IF REVIVE TO RE-ENTER
AT LOWER LEVELS
(TARGETS ALREADY GIVEN
TO SUBSCRIBERS)
* BEML !
EXPECT FURTHER DECLINE
(TARGETS ALREADY GIVEN
TO SUBSCRIBERS)
* I T I !
FURTHER DECLINE ON CHARTS
(TARGETS ALREADY GIVEN TO SUBSCRIBERS)
* CORPORATION BANK !
BULLISH TARGETS NOT
ACHIEVED- BUY ON DECLINES
* KOTAK MAH. !
BULLISH BREAKOUT-BUY
SMALL QTY ON DECLINES
* MASTEK !
BREAK OF SHORT TERM
SUPPORT MAY WIPE OFF RS.30/-_
* UNITED PHOS. !
CAUTION - OVERBOUGHT
IN HOURLY CHARTS
|
For Day Traders (07.06.2002)
|
We are giving below the
Important Support and Resistance Levels of few most
actively traded
scrips of NSE/BSE. The Support/ Resistance levels given
are tested for their accuracy and it is
found that these (Sup. 1 & Res. 1 )are reliable only
to the extent of 65%-75%.Traders are
advised to read the 'Disclaimer' and use their own
judgement before making any trading decision.
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Scrip
|
Close
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Sup
2
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Sup
1
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Trend
Lev.
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Res
1
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Res
2
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Evergreen
High Volume Stocks
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Digital
|
635.4
|
615
|
626
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642.1
|
652
|
670
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Infosys
|
3418.3
|
3303
|
3365
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3431.2
|
3485
|
3560
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Reliance
|
275.25
|
266
|
271
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274.2
|
279
|
283
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Satyam
|
232.55
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222
|
228
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232.2
|
237
|
242
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Zee
Tele
|
133.9
|
127
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131
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136.1
|
139
|
145
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Seasonal
High Volume Stocks
|
Adlab
|
85
|
76
|
80
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86.6
|
91
|
97
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B
E M L
|
100.45
|
95
|
98
|
101.5
|
104
|
108
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Bharat
Elect
|
209.5
|
192
|
201
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214.7
|
223
|
237
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BHEL
|
171.85
|
161
|
166
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170.0
|
175
|
179
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Bong.
Ref.
|
20
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17
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19
|
20.2
|
22
|
23
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D-Link
|
85.8
|
80
|
83
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87.5
|
90
|
95
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Fujitsu
|
115.45
|
108
|
112
|
117.7
|
121
|
127
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Hinduja
|
365.05
|
340
|
353
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364.0
|
376
|
388
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KPIT
|
179.45
|
167
|
173
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182.4
|
189
|
198
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Mastek
|
318.75
|
299
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309
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324.2
|
334
|
349
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Max
India
|
114.35
|
107
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111
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116.7
|
120
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126
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Mukta
Arts
|
112.8
|
108
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110
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114.2
|
117
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121
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Nalco
|
55.65
|
42
|
49
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53.7
|
60
|
65
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ONGC
|
327.3
|
315
|
321
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330.1
|
336
|
346
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Padmalaya
|
151.65
|
141
|
146
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155.4
|
161
|
170
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Polaris
|
261.65
|
244
|
253
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265.9
|
274
|
288
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Ship.
Corp
|
97.95
|
92
|
95
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98.7
|
102
|
106
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Tata
Elexi
|
106.5
|
100
|
103
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108.6
|
112
|
118
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Subex
|
98.9
|
91
|
95
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101.9
|
106
|
113
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TVS
Elect
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92.1
|
84
|
88
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93.8
|
98
|
104
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Visual
Soft
|
255.35
|
245
|
250
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258.0
|
263
|
271
|
U.
Phos.
|
133.2
|
109
|
121
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128.7
|
141
|
148
|
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FRESH
RECOMMENDATIONS
For Extreme Short Term Investors/
Intra-Day Traders
|
BUYING
|
SELLING
|
Though there is not much
change in the Border situation but Technically many
scrips/
Indices had entered oversold zones of varios Oscillator
Charts which has initiated
Technical Rally in select Stocks. If charts are any
indication, this rally is likely to
continue for few more days unless some thing drastic does
not happen at war front.
However CLOUDS are fully clear so Investors need to be
very cautious.
Traders must use Strict stop Loss
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Reco.
Date
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Scrip
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Reco.
Type
|
Buy
Around
|
Target
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Reco.
Date
|
Scrip
|
Reco.
Type
|
Sell
Around
|
Target
|
07.06.02
|
Hind Lever
|
Med. Term
|
@ 195-200
|
215-220
|
07.06.02
|
Moser Baer
|
ES Term
|
Every Rise
|
242-243
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07.06.02
|
Apollo Tyre
|
Med. Term
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At declines
|
103-105
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07.06.02
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BHEL
|
ES Term
|
Every Rise
|
164-165
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07.06.02
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DSQ Bio
|
Med. Term
|
If Cl. 12.5+
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15-15.5
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07.06.02
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Hinduja
|
ES Term
|
Every Rise
|
352-354
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|
|
|
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07.06.02
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Nifty
|
ES Term
|
Every Rise
|
1049-1050
|
|
|
|
|
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07.06.02
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Tisco
|
ES Term
|
Every Rise
|
116-117
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|
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07.06.02
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Telco
|
ES Term
|
Every Rise
|
134-135
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07.06.02
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HLL
|
ES Term/ID
|
Every Rise
|
199-200
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|
|
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07.06.02
|
Shyam Tele
|
Med. Term
|
Every Rise
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93-94
|
|
|
|
|
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07.06.02
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Uni.Phos.
|
Med. Term
|
Every Rise
|
121-122
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06.06.02
|
BPCL
|
ES Term
|
Caution
|
262-264
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06.06.02
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ITI
|
ES Term
|
Every Rise
|
33-35
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06.06.02
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Grasim
|
ES Term
|
At declines
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314-316
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06.06.02
|
Hind Org.
|
ES Term
|
Every Rise
|
29-29.5
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06.06.02
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Leading Edge
|
ES Term
|
At declines
|
52-53
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06.06.02
|
Rash. Chem
|
ES Term
|
Every Rise
|
30.5-31
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06.06.02
|
Tata Power
|
ES Term
|
At declines
|
138-140
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|
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06.06.02
|
Infosys
|
Short Term
|
3350-3400
|
3520-3530
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05.06.02
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Corp Bank
|
ES Term
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At declines
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122-124
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05.06.02
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MTNL
|
ES Term
|
At declines
|
131-133
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05.06.02
|
Peerless Ship
|
ES Term
|
At declines
|
33-34
|
|
|
|
|
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05.06.02
|
ICICI Bank
|
ES Term
|
At declines
|
137-139
|
|
|
|
|
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05.06.02
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Fed Bank
|
ES Term
|
At declines
|
103-105
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04.06.02
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Global Tele
|
ES Term
|
At declines
|
128-130
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04.06.02
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Ship Corp.
|
Med. Term
|
Gradual+SL
|
86-88
|
04.06.02
|
Mascot
|
ES Term
|
At declines
|
248-250
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|
|
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|
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04.06.02
|
Tata Elexi
|
ES Term
|
At declines
|
119-120
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04.06.02
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TV 18
|
ES Term
|
At declines
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84-85
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04.06.02
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Digital
|
ES Term
|
If close 655+
|
685-690
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04.06.02
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Cipla
|
ES Term
|
At declines
|
1028-1030
|
|
|
|
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04.06.02
|
Infosys
|
ES Term
|
If cl. 3375+
|
3445-3450
|
|
|
|
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04.06.02
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OBC
|
ES Term
|
Breakout
|
???
|
|
|
|
|
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04.06.02
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ITC
|
ES Term
|
At declines
|
645-650
|
|
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|
|
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03.06.02
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Aftek
|
ES Term/ID
|
At declines
|
375-377
|
03.06.02
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IPCL
|
Med. Term
|
Gradual+SL
|
138-140
|
03.06.02
|
Balaji
|
ES Term/ID
|
At declines
|
545-550
|
03.06.02
|
BEML
|
Med. Term
|
Gradual+SL
|
84-86
|
03.06.02
|
CCI
|
ES Term
|
At declines
|
290-292
|
03.06.02
|
Indo Rama
|
Med/S Term
|
Gradual+SL
|
19-21.5
|
03.06.02
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Grasim
|
ES Term
|
At declines
|
305-307
|
|
|
|
|
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03.06.02
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Hind Lever
|
ES Term
|
At declines
|
190-192
|
|
|
|
|
|
03.06.02
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IPCL
|
ES Term
|
At declines
|
153.5-154
|
|
|
|
|
|
03.06.02
|
BPCL
|
ES Term
|
At declines
|
263-264
|
|
|
|
|
|
03.06.02
|
Saregama
|
ES Term
|
At declines
|
135-136
|
|
|
|
|
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03.06.02
|
ICICI Bank
|
Med. Term
|
At declines
|
???
|
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30.05.02
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NIIT
|
Med. Term
|
At declines
|
290-295
|
|
|
|
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30.05.02
|
SSI
|
Med. Term
|
At declines
|
178-180
|
|
|
|
|
|
30.05.02
|
Grasim
|
Med. Term
|
At declines
|
314-316
|
|
|
|
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30.05.02
|
Zee Tele
|
Med. Term
|
At declines
|
153-155
|
|
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|
|
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30.05.02
|
HCL Info
|
Med. Term
|
At declines
|
131-133
|
|
|
|
|
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30.05.02
|
Hughes Soft
|
Med. Term
|
At declines
|
268-270
|
|
|
|
|
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30.05.02
|
MTNL
|
ES Term
|
At declines
|
129-130
|
|
|
|
|
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30.05.02
|
Geometric
|
Med. Term
|
At declines
|
590-600
|
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The
"10 Lac-Portfolio"
as on 07.06.2002
|
FRESH
RECOMMENDATIONS
(Read
Disclaimer also)
|
Recommendations for 06.06.2002
(Follow-Up)
1). Hold. Bata/Satyam/NIIT/Hughes/SSI/
HCL Info/Geometric/ Satyam JuneC240/ Digita Jun
Fut. Stop Loss Levels
revised to 8% of BUY Price.
2).
Infosys:
Could Buy 70 Shares (50 at
3400 + 2x10 at 3395/3390) in 'Trading A/C' . Profit Booked
at Close @ 3418.25
3). Leading Edge:
Bought 3000 Shares @ 43.2
in 'Trading A/C' . Loss Booked at
close @ 41.15
4). Tata Power:Bought 1000
Shares (500 at 125 + 500 at Rs
124/- ) in 'Trading A/C' . Profit Booked
at Close @ 124.85
5). BEML: Could Sell
750 Shares (500 at
103.7 + 2x125 at 104.2/104.7 ) in 'Trading A/C' . Profit Booked
at Close @ 100.45
5). Indo Rama: Could sell
Only 1000 Shares at 23.4
in 'Trading A/C' . Profit Booked
at Close @ 22.05
Recommendations
for 07.06.2002
Opening
Price is considered around close of previous day.
Avoid BUYING if Prices
open abormally High and Avoid
SELLING if prices
open too low.
1). Hold. Bata/Satyam/NIIT/Hughes/SSI/
HCL Info/Geometric/ Satyam JuneC240/ Digita Jun
Fut. Stop Loss Levels
revised to 8% of BUY Price.
2).
Apollo:
BUY 1000 Shares (500 at
Opening + 5x100 at every Rs 1/- Fall) in 'Trading A/C' . Target 103. SL Rs. 8.
3). Hind Lever
Jun Fut.: BUY 1 Unit (1000
Shares) at 197 or below in ' F&O
A/C' . Target 215. SL Rs. 8.
4). Moser Baer:Sell 1000
Shares (500 at opening & 5x100
at Rise of every Rs 1/- ) in 'Trading A/C' . Target 242. Avg SL Rs. 8
5). BEML: Sell 1000
Shares (500 at opening & 5x100
at Rise of every Rs 0.50/- ) in 'Trading A/C' . Target 85. Avg SL Rs. 8
5). Shyam Tele: Sell 1000
Shares (500 at opening & 5x100
at Rise of every Rs 1/- ) in 'Trading A/C' . Target 93 Avg SL Rs. 8
|
|
The "Rs.10 Lac-
Portfolio" (+) 161.55% in 60 weeks
|
Contributed
by Hemant Mamtani and Gulshan Kumar
|
|