Review of today’s calls 17 April–All success

We had all calls in profit today.

1. Reliance – Sell below 800 for a target of 790. If sustained below790, there is a chance of stock hitting 775 either today or in next 2 trading days. SL for shorts is 814.Achieved all targets. Days low was 769.
2. BHEL – Buy above183.50 for a target of 184.50-186.50 with SL at 181. First target achieved. BHEL above 183.5 hit the first target 184.5.
3. L&T – Buy above 1430 for a target of 1445 with SL at 1420. Target touched at opening. No trade was possible.Referring today’s intraday chart of L&T, 20 EMA was sloping continuously down, so no intermediate buying opportunity.
4. ICICI Bank – Buy above 1085 for a target of 1095 with SL at 1070. Target Achieved. days high was 1111.
5. SBI –  Buy above 2195 for a target of 2205-2225 with SL at 2170. Target achieved. Days low was exactly at 2195 and high at 2269.
6. Axis Bank – Buy above 1370 for a target of 1380-90 with SL at 1358.Target achieved. Days high at 1450
7. Infosys – Sell below 2290 for a target of 2280 with SL at 2305.Target achieved. Below 2290, stock touched 2250.
8. Ranbaxy – Buy above 450 for a target of 454 – 458 with SL at 445. Call did not trigger. days high was 449.50
9. Bajaj Auto – Buy on decline to 1770-65 with SL at 1750 for a target of 1780. Sustaining above 1780, fresh buy with SL at 1765 for a target of 1795. Target achieved. Stock sustained above 1780 and touched 1805.

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