Some interesting trade setups

If you are a bull on nifty
then the 4000 call for may for 100-120 could be a buy
target 200-240 @ 4200-4240 levels
bonus target zone till 4440 would imply a price of 440 for the call at the high.
The call can be hedged by short 4200 call for 120 as soon as the call moves into profits. If you want an initial hedged position look to sell 4240 call for whatever price u can get when you purchase the 4000 call.
Basic goal on options position is to double it before the end of the month.
If market doesn't move in your favour dramatically by 5/10/2007 then look to close long positions.
5/12/2006 or so anniversary of last year's top. Don't want to be long then.


Fresh breaks in last 5 days which showed up on my scan and i found interesting.
ranbaxy: 361 + sl 352 target 372-384-392-404-408
litl :159+ sl 154 target 165-170-176
hcc:98.8+, 105 + but now under breakout res line near 103-104 for the inv hns.
sl 94 target 109-110-114-116-120
Note: It already did the initial target once and momentum will only come into the counter near 105 but support is near 98-95.

get a funda report and decide if hcc is a longer term bottom on bad news or not.

lichsingfinance:148+ accumulation near 144 sl 140 target 152-160

Try not to chase too far above breakout level. It increases risk and is usually not worth it.


Bears should be interested in what happens if we get under 3900, because that negates the initial breakout+uptrend. Until we get under 3900 cannot reccomend shorting on technical grounds for any gr8er than 2-3 days.
If you want to short; target zone looks like 3975 or so for the drop.