Short term Trading Calls

By | May 17, 2010

SESA GOA

Sesa Goa has made broken 100 DMA with huge volumes,Stock shall consolidate or show a small upmove till 100 DMA before starting next round of selling till it reached near 200 DMA as mentioned in charts.

We can trade this stock on both upside and downside but as of now RISK to REWARD is on upside.

Buy near360-65 Range targets of 386 and 400

Short near 412 tgt on downside 380 340 in medium term

CIPLA

Stock is hovering around it 200 SMA placed 309 levels.

Now we need to see whether it is able to hold that level or shall break that levels.

Buy if it Holds 309 levels for a target of 317 324

Sell if 309 is taken out tgt 303 287

TATA Steel

Stock broke it 200 DMA and trading below it and can see 529 levels which it has alrsdy done while i am writing this post.

As per my analysis stock is ready for a pull back till 200 SMA 556 levels so take long in this counter in between 520-25 levels

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