Thursday, September 24, 2009

 Report Card 24th

Hello Pirates

A rocking expiry & a rocking day, with a rocking performance.

As we had predicted our important levels, we yet proved to be right once again, as we had said in the article that the bulls would be taking over the expiry & after that the bears might attack back, the same happened after a small correction in the market which was seen yesterday, the stocks were back on track & the stock which was saving the market from tanking was Reliance Industries, we also saw that bharti airtel was one of the heavy weights which ran on short covering & the stock was trading in green, but the fight which is in between the deal with the MTN is really hammering the stock & thus its unable to out perform in the rally.

The stocks which we had selected for the hunt were : -

Reliance Industries - Sell call was activated & in total we gained 37 points.

Ivrcl Infra - Both buy & sell call was activated & on the sell side the target was hit near about & in total we gained 11 points per share.

Bharti Airtel - Both buy & sell call was activated in the stock & on the sell side the target was a hit near about & in total we gained 6 points per share.

IFCI - Sell call was activated in the stock & targets hits were from 56.60 to 55.90 - 55.53.

JP Associates - Buy call was activated in the stock & in total we gained 5 points per share.

and

IN THE END

Nifty

Today was the expiry & whole day the market was trading in RED line, we hardly saw some green in the market, only at the opening bell we had once seen the 5000 mark & all felt that now this is the end of the market & we have seen the mark which we had waited for to see, but after a continuous fall & Reliance holding its day low & bouncing back, our level for nifty which gave support to the market, in the second half we saw a big move in the market & we were trading in green & in the end of the session we were able to see the 5000 mark again & finally were able to close in green.

Both buy & sell call was activated in the stock & in the end of the session our reports cards are trading in green & we minted in tons & in total we gained 66 points in nifty while trading both on the red side & the green side.

No matter whats the market condition is we are minting in tons.

Yet again we had a rocking PERFORMANCE.

We would like to wish all the PIRATE Hunters ALL the BEST & hope all enjoyed.

Regards

Captain

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