Profitwala

Website - : www.trade4profit.org

14th July 2008

India's First Technical Analysts to provide Real-Time (Online) Trading Recommendations since 1998

* Attn. Day Traders / Swing Traders / Investors !
Do Not Mix-Up your Trading & Investment Strategies
Any Stock Bullish for Intra-Day may be Bearish in Short Term but again Bullish in
Medium Term Charts or Bearish for Long Term or Vice a Versa
(First Read the 'Disclaimer' - Click Here)

Nifty 50 Index ( 5 Minute Chart) !

* Nifty 50 Index ( 5 Minute Chart) !
Gap of 09th July Covered after bearish Breakout - Ripe for Technical Recovery in EST
 

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On-Line Recommendation Portfolio (+) 39054.39% in 113 Months
(Hypothetical Performance)

The "Rs.10 Lac-Portfolio" (+)1463.67% in 376 weeks
(Hypothetical Performance)

Important Support & Resistance Levels of Sensex/ Nifty / Nifty 'Near Month'

Change in Indices in last 5 Days

Gainers / Losers & Stocks with Spurt in Volume (Min Avg Volume >50000/Day)

Support/Resistance for Day Traders (14.07.2008)

We are giving below the Important Support and Resistance Levels of few most actively traded scrips of NSE/BSE (including F&O). Many Traders successfully use Support/ Resistance levels for day- trading. Traders are advised to read the Disclaimer and Rules for Successful trading & apply Stop Loss on all trades.
(Conditions - Avg Daily Volume in 5 days >250000)

Bar Reversal Up/ Down, Engulfing in Daily Chats (Min Avg Volume >100000/Day)

What the Charts Foretell
(FOR Short Term Investors)

* NIFTY/ SENSEX !
Nifty - Opening GAP of 09th July Covered - Short Term support at 3930 in Bearish Pattern
(EST Recovery to 4100-4110 likely in 1-2 Days)
Weekly Downward Bar reversal in Many Stocks to Drag Indices down further

* A P I LTD. !
Charts favour further decline to ................ - Use Pullback move to Book Part Profit

* BOMBAY DYEING !
Bearish Pattern in Making - Decisive move below 550 to wipe off Rs...............- in near future

* BONGAIGAON REF. !
Short term resistance at 53-54 / Bullish Breakout with Volumes to target ..............

* CENTURY TEXT !
EST Support at 490 - Bearish Breakout may Target .............. in coming sessions

* CHAMBAL FERT !
Bearish Breakout from "Rising Wedge" Pattern - Likely to go Below .............. in coming Days

* GMR INFRA !
Short Term support at 85 - Bearish Breakout to Target .............. in few sessions

* GSS AMERICA !
Overbought in EST Charts - Ripe for Corrective Decline to ..............

* GTL LTD. !
Heading for .............. - Use Pullback to 219 for Profit Booking in EST

* H C C !
Charts favour further decline to .............. / Use Technical rally to Book Profit only

* H D F C !
EST Support at 1985 - Bearish Breakout may Wipe off Rs............../- in Near term

* IDEA CELLULAR !
Move Below Support of 85 - Another Close below 85 will Target .............. in Near future

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Bulls & Bears (Technically Speaking)

Tata Steel (Daily)

Tata Power (Daily)

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Present Status Of The Market And Future Anticipation

Nifty/ Sensex: Anticipated High-Lows for the Week
Nifty: High - ......................: Low   - ..................... (The Weekly Levels are reserved for Paid Subscribers Only)
Sensex: High - .....................: Low  -.....................(The Weekly Levels are reserved for Paid Subscribers Only)

PRESENT STATUS OF THE MARKET AND FUTURE ANTICIPATION: Last week indices perfectly entered our anticipated high ranges on last day of the week (highs were 4,192.00 & 14,063.45 and our anticipated ranges were 4,178.50 – 4,225.25 & 14,057.77 – 14,196.68) and a rather sharp down correction has started from there and during the week on lower side also indices achieved our down anticipated pessimistic targets and exceeded those by 1.50% on the average ; another point worth noting is that we had specially mentioned in last week’s weekly writeup that, we quote, “while rising during first couple of days indices can encounter temporary resistance in ranges 4,055.47 – 4,079.00 & 13,711.01 – 13,736.01’ unquote, ................. ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ................... ................ ..................... .......................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ................... ................ ..................... .......................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... .............

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TODAY'S TREND: Support in the Second Half.

2) MEDIUM TERM TREND (INTERMEDIATE) :

It continues sideways.

Last week 174 scrips have closed higher as compared to only 52 scrips in the preceding week (av. rise per scrip at 5 .99% is also higher than av. rise per scrip of 4.76% in the preceding week) & only 74 scrips have closed lower as compared to 196 scrips in the preceding week (av. fall per scrip at 2.83 % is also lower than  the av. fall per scrip of 7.40% in the preceding week) out of 250 scrips we follow regularly;

Last week’s A-D data is indicating that a technical rally has started.

3) LONG TERM TREND (MAJOR) :

It has turned DOWN .

4) REVIEW OF OUR 'ON - LINE RECOMMENDATIONS' OF LAST WEEK:

Last week on the buy side 9 trades were recommended involving positions equivalent to 21 .25 % of the capital (11.25 % on delivery basis) and profit / loss booking was recommended in 14 trades (which included 6 trades of earlier weeks) involving positions equivalent to 55 .34 % of the capital (17.15 % on delivery basis).                                                                        

AVE POSITION PER BOOKED DEAL WORKS OUT TO BE = 02.31% of the capital (our target is 5. 00%).
AVE PROFIT PER BOOKED DEAL WORKS OUT TO BE = 03.95% (our target is 3. 00 %).
BOOKED PROFIT ON THE CAPITAL = 01.28% (our target is  2. 50%).

FRESH ADVISORY RECOMMENDATIONS
For Extreme Short Term Investors/ Intra-Day Traders
( First Read Disclaimer at www.trade4profit.org)

Note: It is always advisable to use Stop Loss with every Trade. The Stop Loss Level may
vary according to the Time Frame & Profit Margin for which any trade is being initiated.

BUYING

SELLING

The Hypothetical "10 Lac-Portfolio" as on 14.07.2008

FRESH RECOMMENDATIONS
( First Read Disclaimer at www.trade4profit.org)

Important Disclosure - None of the promotoers/ associates/ employees of Trade4Profit OR
Kalpataru Investment Consultants has any position in any of the below advised stocks.

Recommendations for 14.07.2008

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