Review of todays calls - 03 April

Nifty touched exactly the support level in today’s call. Below 5700, 5650 was the target. Nifty low was 5650.1

1. ONGC – Buy above 319 and book profits at 321 with SL at 316.Call did not get active.
2. Reliance – Buy above 798 for target of 805-7 with SL at 788. Stock did not sustain above 798
3. BHEL – Buy above 186 for a target of187. Sustain above187 will see 189-190. SL is 183.50.  Target achieved. Days high was 189.4
4. Cipla- Buy above 391 for a target of 395. Above 395 , 398- 400 is the target. SL for longs is 388. Target achieved. Days high was 398.5.
5. Tata Steel – Buy above 322 for 323-324 target with SL at 317.50 Target achieved. Days high was 325
6. ICICI Bank – Buy above 1055 for 1062-1070 with SL at 1045. Target achieved. Days high was 1062.50
7. SBI – Buy above 2150 for a target of2160-2170. Above 2170 , a rally towards 2200 is possible. SL is 2135. Days high was 2157
8. Bajaj Auto – Sell below 1740 for 1733 – 25 with SL at 1760. Target achieved. Below 1740, the stock was close to 1752. Close to 90 points fall.

Posted in: Intraday