PowerYourTrade Trading Calls

Trading Calls for 10th January 2008

Ashwani Gujral Buy Reliance Capital with a stop loss of Rs 2780 for a target of Rs 3000 Buy Reliance Capital with a stop loss of Rs 2780 for a target of Rs 3000 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 RSWM with a stop loss of Rs 206 for a target of Rs 350 Buy RSWM with a stop loss of Rs 206 for a target of Rs 350 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 Bank of India with a stop loss below Rs 393 for targets of Rs 409 and Rs 416. Buy Bank of India with a stop loss below Rs 393 for targets of Rs 409 and Rs 416. 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.