Review of todays calls 04 April

Dear Readers

We had 8 out of 9 calls achieving targets.

1. ICICI Bank – Sell below 1025 for a target of 1017 with SL at 1040. Target achieved. Days high was 1023 and days low 1002.
2. SBI – Sell below 2090 for a target of 2078 with SL at 2110. Below 2075, the next target is 2050. Target achieved. Below 2090, the stock touched 2057. Days high was 2097.
3. Axis Bank – Sell below 1270 for a target of 1260 with SL at 1285. Target achieved. Below1270, the stock touched 1240.Days high was 1270 exactly.
4. Tata Steel – Sell below 315 for a target of 313-311 with SL at 318. Target achieved. High was at 315.5. Tata steel touched 303 during the day.
5. Hero Motors – Sell on rise to 1510 levels with SL at 1522 for a target of 1490. Alternatively below 1485, the next target is 1475 followed by 1460. Call not triggered.
6. Tata Motors – Sell on rise to 259-60 with SL at 262.50 for a target of 256. Below 256, next target is 253. Short term target for Tata Motors is 242 in next 5-6 trading days. Sold at 260, SL hit.
7. Bajaj Auto – Sell below 1684 for a target of 1665 with SL at 1700. Target achieved. Below 1684, the stock touched 1656.
8. L&T – Sell below 1390 levels with SL at 1406 for a target of 1375-60 levels. Target achieved. Days high was 1386. Low was 1353.
9. Reliance Industries – Sell below 770 for a target of 765-60 with SL at 778. Target achieved. Below 770, Reliance touched 764

Posted in: Intraday