STOCK Trade ideas

Nifty continued to fall. Asian Indices were down through most of the day but recovered at the end. Despite yesterday's price action the trend is still DOWN. The European and US markets are a SELL too. No prizes for guessing that as per my way of looking at trends, Commodities other than Gold are headed down and all currencies other than the Yen are depreciating against the Dollar.

This does not present a nice picture as we all know. A rally in the Dollar and a fall in other assets is almost always as a result of a reduction in risk appetites. This we have seen for the last few weeks. You do not need me to remind you of it regularly. What you may need is somebody who has a view on whether this can end quickly or whether this will be a long drawn affair.

Unfortunately, I am not qualified to make such predictions. I leave that stuff to more fancy strategists and analysts of the Big Investments Banks. (My predictions can be as good or rather as bad as theirs but you need the star strategists predictions since you cannot be faulted for going with the heavyweights)

So I will do the more simple stuff. Instead of predicting, I will suggest that I do not know whether the Nifty will go up, but if it does go up and cross above 5524 I will cut my Short positions and Go Long. And to make this note more interesting and maybe more worth the while of my esteemed readers (even I would not want to read my own notes if all it did was to make a few wisecracks), I have a few more medium term trades on stocks that can be of some interest to you.

1] BUY Ambuja Cement at current levels of 137 (Cash mkt) with a stop at 130.50 with a target of 158 or better.

2] BUY BHE > 1722 with a stop at 1687 and a target of 1830

3] BUY Cairn at current levels with a stop at 330 and a target of 365

4] BUY HDFC Bank at current levels with a stop at 2200.

5] SELL HUVR (HLL) at current levels with a stop at 313.

6] BUY JSP > 647 with a stop at 625

7] BUY KMB > 424 with a stop of 407

8] BUY MM > 694 with a stop at 673

9] BUY MSIL > 1226 with a stop at 1190

10[ BUY STLT > 165 with a stop at 159.50

11] BUY TTMT > 1142 with a stop at 1111.

So many BUY possibilities does not mean that I am positive on the market. Remember they become BUYs, as per my trading system, on the trigger of the respective levels. They are more a reflection of the fact that the market has dropped so much that some good stocks are available at decent trigger and stop levels. The lack of Good SELL candidates is similarly a reflection of the fact that the market has come down so much that fresh SELL candidates do not exist.

No more wisecracks today. No comments on cricket or movies. No long paras on my traits and foibles. However I do not guarantee such discipline in all my future notes.