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DATE : 17th DEC 2007

GOOD MORNING.

DEAR FRIENDS,

IN THE SAME VEIN...

FOR PAST FEW DAYS, WE HAVE BEEN MAINTANING A STAND TO STAY CAUTIOUS & CONTINUE TO ASK YOU TO DO THE SAME.

CUT SHORT ANY LEVERAGED POSITIONS THAT YOU HAVE, BOOK PARTIAL PROFITS & KEEP STRICT TRAILING STOPLOSSES TO YOUR WINNING TRADES & STOPLOSS TO YOUR FRESH TRADES. PARE YOUR PORTFOLIOS TO MANAGEABLE LEVELS.

BUYING SHOULD BE INITIATED ONLY IN STOCKS WHICH GIVE FRESH BREAKOUTS ABOVE MOMENTUM LEVELS. TRADE FOR THE DAY ONLY WITH STRICT STOPLOSSES IN PLACE.

FOR DAYS AHEAD, RESISTANCES AT 20390 & 20500 NEED TO BE CLEARED. INTER-MEDIATE SUPPORTS ARE PLACED AT 19950 & 19700.

A CRACK BELOW 19700 WILL LEAD TO 18950, THE NEXT & A VERY STRONG SUPPORT ON SENSEX. INVESTORS MAY USE SUCH A DECLINE TO 18950 LEVELS TO ADD INTO QUALITY STOCKS WHICH WILL BE RECOMMENDED.

CEMENT STOCKS ARE ATTRACTING LOT'S OF ATTENTION...........
INDIA CEMENTS HAS BEEN ONE OF THE FIRST STOCKS TO HAVE RUN OFF THE BLOCKS & LOOKS A STRONG BET TO MOVE UPWARDS TOWARDS 365 IN EXTREME SHORT TERM. WE RECOMMEND BUYING SMALL QUANTITY AT CURRENT LEVELS & KEEP PROVISION TO ADD MORE ON DECLINES UPTO 310 WITH STOPLOSS PLACED AT 303. SHORT TO MEDIUM TERM TARGET IS PLACED AT 430.

JK LAKSHMI CEMENTS LTD (BSE CODE 500380) CMP 217.60
A STOCK FOR PATIENT INVESTORS LOOKING FOR DECENT SLOW & STEADY GAINS. STOCK HAS EXCELLENT FUNDAMENTALS & TECHNICALLY TOO IS LOOKING HOT ON CHARTS. BUY AT CURRENT LEVELS & ADD ON DECLINES UPTO 208 WITH STOPLOSS MAINTAINED AT 204 FOR EXTREME SHORT TERM TARGET OF 240. SHORT TO MEDIUM TERM TARGET IS PLACED AT 330.

TAKE CARE!

BEST REGARDS,
NS FIDAI

DISCLAIMER:[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.] NOTE:


DATE : 14th DEC 2007


GOOD MORNING.

DEAR FRIENDS,

TRADERS BEWARE

WE HAVE BEEN OBSERVING THAT THOUGH MARKETS HAVE RISEN, THEY ARE UNABLE TO RISE STRONGLY. WE HAVE SEEN A NEW HIGH ON INDICES, BUT, WE ARE YET TO ENTER INTO A NEW BULL ORBIT. WE ARE STILL IN THE NO MAN'S LAND. AS MENTIONED IN EARLIER NEWSLETTERS, SENSEX NEEDS TO CLEAR 20500 WITH STRONG MOMENTUM, WHICH SADLY IS LACKING IN THIS MARKETS.

WE ONCE AGAIN, REPEAT & MAINTAIN OUR POSITION OF STAYING STOCK SPECIFIC WITH STRICT STOPLOSSES TO CONSERVE CAPITAL. BE RUTHLESS IN EXECUTION OF STOPLOSS TRADES, LOSE SMALL MONEY. BUT, SAVE YOUR POCKETS FROM GETTING BURNT.

EXTREME SHORT TERM SUPPORTS HAVE BEEN BREACHED & SENSEX HAS CLOSED BELOW THEM. SHORT TERM INVESTORS MAY KEEP AN EYE ON 19650. A BREAK & CLOSE BELOW WILL MEAN SHORT TERM CORRECTION ON CARDS.
MAINTAIN CAUTIOUS APPROACH, BOOK PARTIAL PROFITS & RETAIN CASH IN PORTFOLIOS FOR STOCKPICKING AT LOWER LEVELS.

NO FRESH RECOMMENDATIONS FOR THE DAY.

TAKE CARE!

BEST REGARDS,-- NS FIDAI

DISCLAIMER:[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]