>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.

Substantial Acquisition of Shares and Takeovers dated 06th may

>Trading day 6th May

With morning nifty rise many new breakouts were seen which turned out to be false by eve wth nifty taking beating as long as 5100 with 1% error either side is maintained the wave structure looks fine .
In straight words come out of longs if the above condition fails.

Today Maharashtra seamless both targets were reached was booked there.
Rajesh export 100+ was reached.
TTML was a great example of breakout + retracing back to breakout point it was a kind of triangle breakout since triangle breakouts are usually good at times I try to cash in by playing options.
For example TTML was consolidating in a triangle for last 6 trading days which made options to shed considerable premium time decay too comes in play ,I usually play out of money options provided if have some time at my disposal .
Before the breakout day 42.50 CA had shed its premium considerably from 1.80+ to a mere 0.70paisa in about 6 days,and to my delight on breakout day it went to 1.45 money doubled!! thats one advantage with out of money options
provided you have enough time left + I assume you are good at analysis to see which out of money option strike price is most effective.
Today again am gonna analyze BOMBAY DYEING.I like that stock:)

>Substantial Acquisition of Shares and Takeovers dated 05th may