Intraday Swing Calls:HUL,PFC and Maruti

By | October 30, 2012

A common trait among newer traders, or among traders that are not profitable is a need for perfection. With so much noise in the media, blogs, and forums about calling tops and bottoms, one would think it’s a trader’s job to predict such things. Expecting to nail the top or bottom is a recipe for frustration and inconsistent performance.

Hindustan Unilever

HUL is in its BUll market and Dips should be used to Buy. Stock is currently trading near its important short term support of 50 SMA.

Buy above 548 Tgt 551,557 and 562

Sell below 540.7 Tgt 536,530 and 525

 

Maruti Udyog

Maruti will be coming out with its results and big move is expected in stock 1370 is laxman rekha till it does not get broken stock will remain under pressure.

Buy above 1373 Tgt 1382,1391 and 1409

Sell below 1352 Tgt 1343,1333 and 1317

 

PFC

Double Bottom with Doji formation.

Buy above 185.8 Tgt 188.2,190.7 and 191.9

Sell below 181.3 Tgt 179.2,177.2 and 175.7

 

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