Review of today's calls - August 23. 5 Success, 1 loss

We had a wonderful trading day today. Many trades triggered with good profits, one hit SL. Total profit of the day 10,750 on one lot. 

1. Reliance – Buy above 810 for a target of 815-818 with SL at 796. Achieved target at 818. Profit - 2000
2. ONGC – Buy strictly above 273 for quick gains of 2-3 points at 275-276 with SL at 269. Achieved target at 276 Profit - 3000
3. Tata Steel  - Buy strictly above 276 for a target of 279-82 with SL at 269. First target achieved at 279. Profit 3000
4. Bharti Airtel – Buy above 315 for a target of 321 with SL at 311.Did not trigger, day's high was 313.95
5. Tata Motors – Buy above 293 for a target of 296 with SL at 289. Fresh buy above 297 for a target of 300-301. Sustain above this level will see a huge rally to 310 any day.Did not trigger since the target was crossed on opening. 
6. Infosys – Infosys moved above the levels we were waiting for. Buy above 3037 for a target of 3050 with SL at 3020.Did not trigger.
7. BHEL – Buy above 110 for a target of 112-14 with SL at 106. Achieved 114 (days high 117+) Profit - 4000
8. Cipla  - Buy above 404 for a target of 406-7. Sustain above this level 407-408 will take the stock to 420 in next few days. Please note for positional trading. Did not trigger. Days high was 404 at opening :-)
9. L&T – Buy above 732 for a target of 737-738 with SL at 724. SL Hit Loss 3000
10. Axis Bank – Sell below 965 for a target of 960-58 with Sl at 976. Achieved both targets, low was 953.Profit 1750
11. ICICI Bank – Sell below 822 for a target of 818-810 with SL at 835. Did not trigger. 

Posted in: Intraday,Performance