Technical Calls for Intraday:HDFC,Coal India and Sun TV

By | December 27, 2011

As traders try to improve performance, the one piece of knowledge that is often overlooked, is self-knowledge. Most traders would benefit by simply focusing on doing more of what works and less of what doesn’t, which sounds obvious, but the reality is that most do just the opposite. Learning to identify which behaviors work and which don’t is not as fun or interesting as learning a new trading strategy or set-up.; and awareness of one’s internal state is just as critical, but that is typically not dealt with.  As a result, most traders focus outward and ignore their inner process. And the way this often plays out for a trader is they trade their emotions and not the market.

Sun TV

 

Sun TV has closed above 100 DMA for 2 days in a row and approaching the crucial resistance of 300. Close above 300 wll give breakout in medium term

Buy above 300 Tgt 303,305.25 and 307.9

 

 

Coal India

Coal India broke out of channel as shown  in above chart.

Buy above 307 Tgt 310,313

 

HDFC

Break out above 672 taking out trendline resistance. Nifty needs to move up HDFC will play a vital role.

Buy above 672 Tgt 677 and 684

 

 

 

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