7/12/2010

intraday tips

All as Per BSE Price

Tata Steel......... Real Strength only when Closes Above 509
CMP 496 SL 480 Target 505 / 509 / 517 / 522

Tata Motors.......Looks Good on charts for atleast 790
CMP 770 SL 755 Target 775 / 780 / 785 / 791

BPCL........ already trading at New lifetime Highs & is in Uncharted Territory so No Technical View can be given other than looking at Momentum ............. CMP 711 , if 675 is holding on Downside 800 looks very possible

Hindalco ...... has given a fresh BREAKOUT at 145 with Good Volumes
CMP 148.55 SL 142 Target 151.50 / 153 / 155 / 160 / 165

DLF............we missed on this 1 big time on Friday....moved Up +4% with Great Volumes & Momentum
CMP 295.70 SL 288 Target 305 / 309 / 315

India InfoLine........Moved Up with Strong Voumes on Friday...... Fresh Buying will Only Emerge once Crosses 102
CMP 98.90 SL 95.50 Target 102 / 105 / 107 / 110


SBI........... Risk Reward Ratio is not favourable.... not a contender to be shorted right now tho
CMP 2369 SL 2290 Target 2385 / 2400 ..... if stays Above 2400 for 5-10 mins. then Strong Buying will be witnessed in this stock

Sesa Goa.......... Avoid moving in a small range without any momentum or direction

RelCap........Avoid as this stock has Lost Momentum & is actually witnessing Selling Pressure around 780 ...unless Closes Above it with good Volumes not much can be Expected

Infosys.....already made new 52 week Highs on Friday with good Volumes......on charts still some Momentum left but i think this Stock will Peak Out on Tuesday on its Result & Q2 Guidance day ( 13 July)........ so Avoid any fresh Positions CMP 2872 ..........

PNB ...... Lost its Strength & Momentum with continous Profit Booking @ 1075 & if Breaks 1050 then will start Falling to 1025 / 1000 CMP 1057.55 ................... Any Fresh Long Position Only If Manages to Close Above 1075 with Good Volumes

No comments: