MY MARKET TIPS

Thursday, 9 June 2016

Market is range bound...Waiting for range break...

INTRADAY CALL SELL IDEA 106/- SL 106.90/- TRGT1 105/- TRGT2 104/- (PARTIAL EXIT IN IDEA 105.75/-, FOR REMAINING WAIT WITH STRICT SL) (TRGT1 HIT)

INTRADAY CALL SELL HINDALCO 109/- SL 109.90/- TRGT1 108/- TRGT2 107/- (TRGT1 HIT)

INTRADAY CALL BUY SUNPHARMA 728/- SL 715/- TRGT1 735/- TRGT2 742/- (TRGT1 HIT) (TRADING NEAR TRGT2)

Market is trading in narrow range waiting for BreakOut/Down.

INTRADAY CALL SELL ICICIBANK 243/- SL 244.60/- TRGT1 241.80/- TRGT2 240/-(Partial Quantity Exit @ 243/- Wait With Strict SL)

INTRADAY CALL SELL AUROPHARMA 788/- SL 793/- TRGT1 780/- TRGT2 770/- (TRGT1 HIT)

All prices relate to the NSE Spot/Cash Market
Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.
All readers must rely on their own discretion and consult their own investment adviser.
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