Wednesday, May 07, 2008

>Trading day 7th may

Yesterdays Bombay dyeing spiked today morning went all the way to touch an high of 1014 before falling back that was a good BTST or may be an early intra day trade.

As nifty topped out most of the stocks started to fall but this cairn India didn't fall some one big had acquired huge quantity of cairn some time back I even mentioned about it in my messages well if you want to check the quantity click here Would try to analyze cairn India today.

Yesterdays pick RENUKA SUGAR spurted today handsomely.Today was a good day for day trade provided you are with trend it was kind of W formation on nifty so it was good for jobbing nifty came very close to 5100 but bounced back smartly from there.In the afternoon volatility suddenly increased when there was a news about GOVT ASKING STEEL Co's TO REDUCE PRICES BY 4000 PER TONNE . Tisco in a matter of minutes was beaten down 2% after trading much of the day in positive territory which shows that a news and make or break things quite fast.

3 comments:

Murtaza Attari said...

Nice to see you posting once again after a huge gap. We learn a lot from experts like you.

Check Divi's, same. Breakout from I H&S, now retraced from 1540 to 1420. Back to 1450 today.

Keep posting ...

Murtaza

Rish said...

Thanks for the appreciation.Yes would try to post at least once a day.

Pinals said...

Nice analysis. Keep posting such thoughts to improve our knowledge. If possible try to give near term analysis too on the graphs or scripts discussed

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