Since SEBI decided to publicise the proposal on P-Notes overnight, many players would be caught unaware. Since this is a proposal yet to be enforced, one doesn''t understand why the regulatory authority had to publicise it in media, that too in the night! Anyway, that''s how things are
Traders were reminded to book profits over the past few days
The following analysis is not for ‘intra-day’ but for ‘short term’ (i.e 1-2 weeks). It is purely for informational purpose.
TRADING BREAK-OUTS
Cairn India completed target at 200, equivalent to 6.4% returns on equity or 37% returns on futures margin.
The author, Sachin Chavan does not accept any liability arising from the use of this document. The recipient & reader of this material should rely on their own investigations and take professional advice. Subscribers, recipients and readers using the information contained herein are solely responsible for their actions and shall not hold the Author liable for any investment decisions/ actions or any other action (including abstaining from action) based on the Content provided. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The information provided is based on the theory of Technical Analysis. All levels mentioned, including break-out, target, stoploss are only informative. Trading and investment in stock market is risky and volatile.
This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from the author.- Sachin Chavan
Nov 8 2007 9:37AM Morning Notes - Reliance Money Research Team The American Markets have closed very weak. The Asian Indices are trading at lower levels.
Nov 8 2007 9:34AM Daily Technicals We have repeatedly warned about the continuing medium term weakness in Technology stocks
Nov 7 2007 9:14AM Morning Notes - Reliance Money Research Team The afternoon session saw a sharp dip for our markets to the 5840 levels.
Nov 7 2007 9:09AM Daily Technicals Volatility continued for the sixth consecutive session and though mid-caps kept investors attracted
Nov 6 2007 9:11AM Morning Notes - Reliance Money Research Team We saw that the Nifty opened flat in the morning session at 5930 levels.