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Wednesday 21 August 2013

Review of today’s calls–August 20

Two calls triggered today, both resulting in good profits. Both DLF and Tata Steel, moved above our buy levels and we could book close to 5 points in each of the trades giving Rs. 10,000/ profit.  Rest of the calls did not trigger.

  1. DLF – 150-52 is a good resistance zone for DLF. A move and sustain above 152 can be traded long for a target of 154-157. Keep SL at 146.
  2. Tata Steel – For positional traders, Tata Steel will be positive as long as it stays above 238-40. For tomorrow, go long above 250 for a target of 255 with SL at 245.
  3. Infosys – Today Infy could not sustain much above 3000. Tomorrow buy above 3015 for a target of 3025-35 with SL at 2990.
  4. TCS – has a significant resistance at 1820 in short term. Go long above 1820 for a target of 1830-50 with SL at 1800.
  5. L&T – Appearing very weak. Sell below 728 for a target of 715 with SL at 735.
  6. Hero Honda – Buy above 2000 for a target of 2030-50 with SL at 1918.
  7. ICICI Bank – Sell below 810 for a target of 804-798 with SL at 820.
  8. SBI – Sell below 1520 for a target of 1490 with SL at 1540.
  9. Bajaj Auto – Sell below 1780 for a target of 1740 with SL at 1810. Fresh sell below 1730 for a target of 1675 with SL at 1740.
  10. Cipla – Sell below 395 for a target of 390 with SL at 405.

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