TRADING IDEAS FOR THE WEEK 200709-240709

BUY BOMBAY DEYING ABOVE 289 SL 285 TGT 305 - 313.
BUY CAIRNS ABOVE 237 SL 231 TGT 245 - 256.
BUY DLF SL 327 TGT 342 - 348.
BUY GMR INFRA ABOVE 141 SL 138 TGT 149 - 153.
BUY HDIL ABOVE 231 SL 225 TGT 241 - 254.
BUY IBRL ABOVE 229 SL 225 TGT 242 - 260.
BUY JP ASSOC ABOVE 219 SL 215 TGT 225 - 235.
BUY RANBAXY ABOVE 266 SL 259 TGT 276 - 280.
BUY REL INFRA SL 1141 TGT 1176 - 1192.
BUY SIEMENS ABOVE 455 SL 450 TGT 472 - 478.
BUY SBI ABOVE SL 1650 TGT 1753 - 1794.
BUY TATA MOTOR ABOVE 322 SL 315 TGT 331 - 336.

NIFTY ON THE DAILY CHARTS HAD FORMED A HEAD AND SHOULDER PATTERN NOW THE PULL BACK CAN TAKE IT BACK TILL 4240 AND IF UNABLE TO SUSTAIN CAN RESULT IN A DOWN SLIDE..THIS IS BEING MARKETED BY ALMOST EVERY ONE IN THE MEDIA . EVEN THE ECONIMIC TIMES WEEKLY INVESTOR PAGE ALSO INDICATED THE SAME VIEW.BUT WHAT IS NOT BEING MARKETED IS THAT NIFTY SPOT IN THE WEEKLY CHARTS IS ALSO LIKELY TO FORM A INVERTED HEAD AND SHOULDER PATTERN..MEANS THAT IF NOW NIFTY IS ABLE TO SUSATIN ABOVE 4300 FOR A WEEK IT IS VERY LIKELY THAT WE MAY SEE A NEW TOP ABOVE 4693 AND ALSO NIFTY ATTEMPTING 5000+.SO LETS HOPE FOR THE BEST............