Atmevaha

date 09/17/07 time 5.16 am

I start my first trrading day journal today, and like in my so many stints earlier i am nervous. Yes because whenever i go about explaining my skllls i always exp this unknown and unquantified factor of fear. I think it is this very fear factor which keeps me alive and kicking in these markets. So heres what i feel of the markets today. The clsoing of nifty was at 4518 (cash ) and i think that it is on the borderline of the daily support any breach of this area on the downside will set the ball rolling for bears. As is my wont i divide the stocks that i follow into buying and selling spheres. So for today what can be bought are
1] bharti CP > 860.40 ( this seems improbable as the closing was at 829.6 )
2] Bhel CP> 1907.20 ( now this is a stock worth following during the day )
3] HLL CP> 214.80 is also a good buy.
4] Rcom CP> 545.35 is a good buy bet.

Note CP is the closing price of the day today So what we will do is to track these shares to see how and when, should one buy it and what one shuhld not do when in the markets.
Since the markets continue to be in the bull mode, I cannot take any sell signals. There is a stark possibility of the markets tanking today and open up with a gap down. All i will do is to wait for the markets to go down in the firsthalf and ten see what i can do in the second half. For now thought the plan is done and sealed if it were to maintain itself any place above 4518 then i will check for these stocks mentioned above and if possible buy them. i will kep u informed. But under no circumstances will i go shrt. i will explain as to why this is not to be done, suffice to say that remember a good trader is like a leopard it will wait till enough of the flock is ahead of him, then and only then shall we move in for the kill. let the herds move.