South India Bank and Hotel Leela for risk takers

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Dear Investor,

Please add following stocks to your watchlist

South Indian Bank is on march. Recently it moved above its resistance line at 131. We are actually very late to this party but better late than never. Please keep your stop loss tight. Market is toppy. These trade are for more aggressive traders who quickly get out if situation changes rapidly. Deploy limited capital, add more if you see your position in green.

South Indian Bank Buy upto 132 Stop Loss 109 Book Profit 160

Hotel Leela is in perfect Cup with Handle pattern. Its a long term bullish sign. I see good volume popping up the stock. This one could easily go to 60. Again accumulate slowly.

Hotel Leela Buy upto 41 Stop Loss 33 Book Profit at 50

In general market has been strong all over the world. Early earning reports are coming good in US so likely to be good earnings season. Besides the fact market is bullish we must be ready to switch the positions when the market tells us. Update on US dollar is that it is still weak so the stock markets will continue to be strong.

I want to thank all of you to be reader of this blog and helping me build the subscriber list. We are already above 500. I have to tell you about the short term trading technique. I will write a blog on that soon.

Thanks
Anil



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Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.

Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.