Nifty Trend Finder

Pivottrading.Net

Saturday, December 15, 2007

For 17.12.2007

Hi there,

Hmm Nifty is going with me right now. There is nothing to worry as this correction will pump more weight to the current bull run. 5940-50 is a support. After that is 5885, but, I don't think that it will break 5750-5755. This is a major support for Nifty right now.

I guess you peoples must enjoying as we have got couples of big bang last week. So, let me see if there is something for Monday. Ya ya I know you just don't want to hear this rubbish so below is the things you visited for :)

From 30.11.2007 I have given around 121 calls from which 15 are in negative from trigger. Highest loss is of 8% in Ranbaxy. So, I was around 92% correct. But if you looks from high then I am 100% righ in all call. All call have given profit after my trigger same day and other day. :)

CAIRN - Buy Above 229.00. This have consolidated for fair time and now ready to fly.

It is bought and we are trapped. :(

DEEPAKFERT - Buy Above 176.65.

Not Triggered

GIPCL - Buy Above 119.65.

Made a high of 126.50. You guys have enough scope to book some profit.

ORIENTABRA - Buy Above 41.10.

Missed for just 0.10 .

GSFC - Buy Above 295.75. You peoples must have noted that fertilizer stocks are showing good.

Gap Opened. But even that of gap u entered. High is 306.60. I guess in intraday u must have some made profit.

INDIACEM - Buy Above 323.00.

This was a typo. Trigger price was 333. As it open 330. I don't think you guys jump on it to buy.

TITAN - Sell below 1459. Forming H&S. Neckline is around 1387-90. Closing below that bring it more downside

After opening below trigger it went to 1489. you guys had nice time to short it.

Okay bye for now.

Kailash Pareek
09864030931.

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