Review of today’s calls–August 14. All Calls Success.

1. DLF – Buy above 152 for a target of 154 with SL at 148. If sustains above 154, 157 is a likely target with SL at 151. Both targets achieved.
2. Tata Steel – Tata steel staying above 240 is a good sign for the short term. Stock will remain positive as long as it is above 238-240 levels. With an SL of 238 go long above 244 for a target of 246. Fresh buy if sustain above 246 for a target of 250 with SL at 243. Did not trigger. Stock hit 263 on opening.
3. Infosys – We had a successful trade in Infosys yesterday, stock is bullish. Buy above 3100 for a target of 3125-50 with SL at 3060. Did not trigger. Days high was 3094.40.
4. Tata Motors – Can move up to 300-310 in next few trading sessions. Go long for intraday above 294 for a target of 298-300 with SL at 290. Did not trigger. Achieved target on opening. Days high was 320.
5. Cipla – will make a good up move if sustains above 430 which is medium term resistance. Go long above 430 for a target of 434-436 with SL at 421.Stock did not go above 430. Days high was 429.80 !! So the call did not trigger.
6. Bajaj Auto – We had a successful trade in Bajaj Auto yesterday. Go long for intraday above 1870 for a target of 1880-90 and and 1910-20 with SL at 1840. Stock opened high, so no trading opportunity. Stock achieved 1913 levels.
7. L&T – Sell below 798 for a target of 794 with SL at 802. Fresh sell below 785 for a target of 780. Below 780 could see 775-760 any day. Target achieved. Below 798, the stock touched 794-90.
8. SBI – Sell below 1610 for a target of 1600 with SL at 1621. (Please refrain from buying banking stocks, since they could fall. Only Axis Bank is strong, SBI and ICICI could fall). Did not trigger, since stock did not sustain below 1610, stochastics was oversold, so selling was risky, stock bounced back .
9. ONGC- Sell below 274 for a target of 271 with SL at 279. If sustains below 270, next target is 266 with SL at 274.50. Did not trigger, days low was 274.05.

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