Money Spinner - Trading calls in futures segment of Indian stock market

Monday, December 04, 2006

Trading calls for 04Dec06

Add more Bank Nifty to your portfolio above 6390.00 and upgrade your stoploss for the existing position to 6150.00
Add more PNB to your portfolio above 568.00 and upgrade your stoploss for the existing position to 539.00

Buy CNX IT in futures above 5350.00 with stoploss 5200.00
Buy Bharti in futures above 647.00 with stoploss 622.00
Buy Canara Bank in futures above 318.00 with stoploss 295.00
Buy Federal Bank in futures above 230.50 with stoploss 214.00
Buy IFlex in futures above 1740.00 with stoploss 1575.00
Exit short in Tata Motors and go long above 856.00

Buy Lumax automotive in cash above 77.00 with stop loss 72.30

Hold your long positions in (Price in brackets is the stop loss):
ABB(3445.00), ACC (1035.00), Bajaj Auto(2620.00), BOI (195.50), BEL(1129.00), Bharti (615.00), Cummins(275.00), Divis Lab (2915.00), Glaxo (1100.00), HDFC Bank (1075.00), Hero Honda(720.00), ICICI Bank (827.00), India Cements, Infosys Tech(2134.00), IOB (118.20), JP Hydro (29.00), Karnataka Bank(113.00), Maruti(893.00), MRPL(40.70), Nalco(214.00), Reliance Capital(589.00), Sail(84.70), SBI(1223), STAR(343.50), Sun Pharma (967.00), Syndicate Bank (80.50), Tata Power(576.00), TCS, Titan Industries(759.00) and Wipro(578.50).

Hold your short positions in (Price in brackets is the stop loss):
BPCL (366.50), HLL(247.00), HPCL (321.00), IDBI(78.50), IOC, IPCL(285.00).

Pease note that if no prices are mentioned in brackets then there is no stop loss reqiured currently. Stop losses would be provided at appropiate levels.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

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