PowerYourTrade Trading Calls

Trading Calls for 31st August 2007

Ashwani Gujral Buy Axis Bank with stop loss of Rs 575 for targets of Rs 665 and Rs 800 Buy Axis Bank with stop loss of Rs 575 for targets of Rs 665 and Rs 800 Disclosure: Neither me, nor my family nor our clients have any position in the above stock. However we run a substantial newsletter, chatroom and money mgmt business and this can change at any time in the future. Buy ACC with stop loss of Rs 1000 for target of Rs 1160 Buy ACC with stop loss of Rs 1000 for target of Rs 1160. Disclosure: Neither me, nor my family nor our clients have any position in the above stock. However we run a substantial newsletter, chatroom and money mgmt business and this can change at any time in the future. Rajat K Bose Buy Bajaj Auto with stop loss below 2344 for target of Rs 2395 and Rs 2410. This is a day trading recommendation. Buy Bajaj Auto with stop loss below 2344 for target of Rs 2395 and Rs 2410. This is a day trading recommendation. Note: Either on the long side or on the short side if at any moment a counter is not moving beyond an initial or interim target to the final target book profits. Once initial target is crossed, you can use that as your trailing stop-loss level. Notes: All prices relate to the NSE, unless otherwise mentioned. Calls are based on the previous trading day's price activity. The call is valid for the next trading session only unless otherwise mentioned. Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there. Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these recommendations. Disclosure:The analyst and his family do not have any trades in the securities recommended above at the time of giving this recommendation. His newsletter clients have been recommended the same along with other picks. Traders are requested to adhere to the stop losses very strictly; they are given to be implemented, not ignored. Do not chase a security and take a position where you would be uncomfortable with the stop-loss level. Take a position only when you feel that the risk-reward ratio looks comfortable and favourable for the trade. Deepak Mohoni Buy Maruti Udyog below Rs 845 with stop loss of Rs 833. This is a day trading recommendation. Buy Maruti Udyog below Rs 845 with stop loss of Rs 833. This is a day trading recommendation. Use trailing stops once the position is taken. The extreme price of the previous 45-90 minutes at any time can be used as the trailing stops. I have no position in any of these stocks at the time of writing (0955 hours, 31st Aug 2007), nor am I aware of any family members or clients holding positions in these stocks. The stocks may or may not have been recommended as buys and/or short sales in the last two months, but that is irrelevant since these are purely day-trading recommendations. Buy Jaiprakash Hydro below Rs 49.25 with stop loss of Rs 48.25. This is a day trading recommendation. Buy Jaiprakash Hydro below Rs 49.25 with stop loss of Rs 48.25. This is a day trading recommendation. Use trailing stops once the position is taken. The extreme price of the previous 45-90 minutes at any time can be used as the trailing stops. I have no position in any of these stocks at the time of writing (0955 hours, 31st Aug 2007), nor am I aware of any family members or clients holding positions in these stocks. The stocks may or may not have been recommended as buys and/or short sales in the last two months, but that is irrelevant since these are purely day-trading recommendations.