Stocks Update for June 8 - Inder Bhatia

Buy INFOSYS 1705 TGT 1743>1757 Stoploss 1680.

Sell HDIL below 302 TGT 295>283 Stoploss 313.

Buy SHOPPERS STOP 193 TGT 213>230 Stoploss 183.

Sell RELIANCE below 2214.50 TGT 2163>2153 Stoploss 2240.

Reliance at Short-Term Low - Rakesh Chandra

The Reliance hourly chart analysis shows that next day some near-term low formation is likely and the day after some upside cannot be ignored. At lower levels, book partially for short-term profit-booking point of view.

With Stoploss 1,257 buy above 1,262.05. Next day up target>1,269 >>1,282 >>>1,289.

Next day lower target >1,250 >>1,238 >>>1,231.

Reliance for Week November 17-21 - Rakesh Chandra

Buy above 1,166.09 Stoploss 1,134; Up target 1,218>>1,303>>>1,355.
Short below 1,133.91; Stoploss 1,166; Lower Target 1,082 >>997 >>>945.

Gulliver and the Lilliputs - Sainik

The markets are at the crossroads now at 4100+ levels on the Nifty. While the bulls are expectant that a significant bottom has been achieved around 3800 levels, the bears are convinced that it's only a matter of time before this breaks and then 3300 will be in focus .

While Infosys has reported better than expected results, this has still has not helped the "bull case". Most market men are expecting inflation numbers and IIP numbers to be lacklustre at best, and horrendous at the worst. The biggest ally for the bulls is not Infosys, not lower inflation numbers or higher IIP numbers, but the one and only Reliance Industries.

For the bulls to rejoice and the bears to scamper, Reliance has to wake up from its deep slumber, a la Gulliver . This is the only prayer that bulls should have on their lips.

While the bears (Lilliputs) are convinced that Gulliver will never wake up, the next few sessions would provide the answer. Currently Gulliver is resting at 2035 levels. His wake-up time is 2070 (not the year, but the pricepoint).

This Claimer: I am on Gulliver's side.

Double Whammy for Bears - Abhijit Phatak

A bounce from the 200-HMA typically gives a 10-15 percent run, which gives a Nifty target in the region of 5300+. Added to this pattern is the highly bullish W pattern which also gives a fairly smooth run. So, what do we have then: A double WH(200 hma) ammy for Bears?

Climb a WALL of WORRY and slide down the SLOPE of HOPE. This is precisely what stock markets around the world, including our very own, have been doi ng. The first warning signal is when this 'worry' turns in to belief that the bull run is here to stay. This is when the first strong hands start getting out, and also the strong bears start going short. Before the poor retail investors realize, the climb has reached the end and the slide has already started.

At this point, 'hope' creeps in to the minds of the poor retail investors, who start hoping the market would begin climbing again. Alas, the market has no mercy and the poor retail guys have no choice but to convert their 'hope' in to 'prayers' and BTST (buy-today-sell-tomorrow)'s into long-term deliveries.

However, for now, as long as there exists worry all around us, enjoy the ride. There will be enough indications on charts which will give a hint of change in direction, whenever it happens. There is no point in 'anticipating' a change in trend and taking action in advance.

Of course, there is no pattern that is without a chance of failure, hence, it is imperative that traders have a proper stop-loss in place. Proper is the key word here, for we have many traders who always complain that their stop-loss gets triggered and the stock moves up, which only implies, was not a 'proper' stop loss.

Some trading ideas for next week, which is shortened to only 4 days; one of which is already shown on the chart. Other trading ideas are IFCI, RPL, RPower, Reliance, Tatasteel, Ispat and many more.

Enjoy the ride, with your safety belt (stop loss) in place.