TRADING IDEA 05-Nov-2012
SUN TV Network (NSE: SUNTV, BSE: 532733 )
Last week our traders minted money in CANARABANK, JP
ASSOCIATES, M&M. We made HUGE profits.
We are holding 2 stocks currently one of which is MAHLIFE.
COMING WEEK
Next week we have retrograde, an important astrological event on Tuesday. This will be reflected in
market by huge movement (upside or downside one will never know). Why is a technical analyst talking
about astro? Well TA is the study of price patterns and I have observed that during retrograde price
does move in a huge manner. There are some things beyond our control I guess.
US Elections are also on Tuesday.
Our trading idea for blog readers is SUNTV: SUNTV is looking bullish on charts.
Buy SUNTV around 335 with stop loss 320 on closing basis for targets 365-370
Time frame: 5 – 7 days.
In case market turns weak, short picks will be updated realtime for our subscribers.
Disclaimer: This is not a recommendation/ solicitation of any order to buy or sell, but my view on indian stock market. I assume no responsibility for any opinion or statement made in this news letter. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss
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