Thursday, May 31, 2007

Nifty 50: 50:50

All 50:50 no trade setups nothing.
w5= pure speculation meaning we are going beyond fair value of p.e.g = 1 on nifty now.
This is not a place to buy nifty on fundamental grounds for 1-2 years.
As for indiv stocks there is value to be found if one looks around.

No more calls on nifty because there is no gr8 trade setup.
Keep an eye on hll/pateleng
hll bouncing from support maybe a flat correction support 198-200 sl 192
patel eng also has good support near 400-396, sl 384
syndibank near 77-76-74, sl 72
might get 10-20% in june

multiple support levels don't know which one exactly will hold.
can use close above previous day's high to trigger long

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