Monday, June 29, 2009

stock to watch BOC INDIA cmp 148

BUY BOC INDIA AT 148.
it is a call for investors with patience.bcz its an illiquid counter with very high promoter stake apprx 90%.
stop loss of 142 can be kept. co had done buy back at 200 rs .

short term trading DCB cmp 39.5

buy DCB for short term trading cmp 39.5
stop loss 35
target 1 rs 41
target 2 rs 43

MARKET OPTIONS - WAVE C OPTION

we have seen two bullish options on 23.06.09 in thread http://pankaj564.blogspot.com/2009/06/market-options.html.
i will like to discuss here one bearish option which is also highly probable option if we make a lower top than 15600 and start correcting again.i have attached chart for the same.
 
wave details :
 
A 21206 to 7697
Ba 7697 to 10945
Bb 10945 to 8047
Bc 8047 to 15600
C 15600 to going on ?
 
targets for C wave . it shd correct minimum 50 % of rise from 7697 to 15600 i.e. 11649 and second target comes at 61.8% level at 10716.
 
on crossing 15600 decisively this view will be invalid.