Review of todays calls - 05 April ( All calls success)

Today we have all calls in profits. 

1. ICICI Bank – During the previous swing low in March, ICICI bounced from 997 levels. This level is critical support for ICICI Bank. Sustaining below this will open up 990-980 levels intraday. SL for shorts is 1015. 
   Target achieved. Below 997, ICICI touched 985.
2. TCS – Sell below 1500 for a target of 1490-80 with SL at 1520.No opportunity to sell. Stock touched 1485 in first 15 minutes.
3. L&T – Sell below 1353 for 1345 with SL at 1368. Below 1345 targets are 1335- 25.Target achieved. Low was 1341.50
4. Tata Steel – Sell below 303 for a target of 301 with SL at 306. Below 300, Tata Steel will fall to 290 in few trading sessions. Call did not trigger, days low was 303.50
5. Hero Motors – Sell below 1450 for a target of 1440 with SL at 1465. Target achieved. Below1450, the stock touched 1435 today. 
6. Axis Bank – Sell below 1240 for a target of 1233. Below 1230, the stock could slip to 1220-1200 levels. Target achieved. Below 1240, Axis touched 1217
7. BHEL – Sustaining below 177, could give quick 2 points profit up to 175. The stock is likely to bounce strongly from 174, so do not hold shorts for long. If sustained below 174, then there will be heavy fall any day. Stock did not sustain below 177 , closed at 177.20
8. Reliance Industries – Sell below 764 for a target of 760-756 with SL at 771. Call not triggered. 

Posted in: Intraday