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.
- 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.
- 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.
- Infosys – Today Infy could not sustain much above 3000. Tomorrow buy above 3015 for a target of 3025-35 with SL at 2990.
- TCS – has a significant resistance at 1820 in short term. Go long above 1820 for a target of 1830-50 with SL at 1800.
- L&T – Appearing very weak. Sell below 728 for a target of 715 with SL at 735.
- Hero Honda – Buy above 2000 for a target of 2030-50 with SL at 1918.
- ICICI Bank – Sell below 810 for a target of 804-798 with SL at 820.
- SBI – Sell below 1520 for a target of 1490 with SL at 1540.
- 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.
- Cipla – Sell below 395 for a target of 390 with SL at 405.
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