Intraday calls for 19 November 2007

1) Short Essar Oil Cash at 199-205 Levels at every Rs 1 rise from 199+ upto 205 Levels with Strict SL 215.55 T 182.20 & 176.20 Expecpected on the same day itself. Only those who have the capability to short in Futures may short in Futures Accordingly. (Dont try to over leverage your position)

Reasons for shorting Essar Oil on Mondays Trading Session :-

1)Operators on Friday 16 Nov played a trick upon short sellers to trigger all SL above 200.05 and made the price to bring upto 211.50 & within 20 Mins stock fell down to 180 Levels this is shows first sign of Weakness on this Stock that it is Overheated s of now & heading for a deep Cut on Mondays Trading Session for sure...

2) It has risen by more than 147% in 1 Week.So this kind of upside seems to be very much unjustified & rising only on momentum & by seeing the fundamentals of this stock this price of Essar Oil is not all Justified.

3)I know many of them will not short this stock on Monday as they have seen it by shorting on thirsday & friday also but remember my words operators always turnaround the Stock whenever the majority of the shortsellers loose hope and start short covering...But in real fact & time is that moment only to short it on monday...

4)Refinery stock majors of same peers like MRPL,Bongaigaon Ref,channai Petro,Petronet have been rising due revaluation of the currency in the Middle East Countries but above mentioned stock infact corrected infact on fridays trading session from their intraday highs

MRPL Days high 148.70 days Close 130.40
Bongaigaon Ref days high Rs 116.90 close 105.10
Petronet days high 117.40 close 108.40

So it Clearly shows the Indication for almost more than 90% for a Correction in Essar Oil on Mondays Trading Session.

Hope after reading all my Analysis on Essar Oil script as mentioned above in every deep pointed thoughts so that you can short on Monday & can earn good Money to Recover all Losses of Shortsellers of Thursday & Friday.

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Regards,
Anupam Dujari
Mobile No - 09889059298 & 09433952438
Website Link - www.sharebazaartip.blogspot.com
Email Address - trade4profit.anupamdujari@gmail.com

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