Intraday Swing Calls:Maruti,IDFC and Raymonds

By | October 19, 2012

Anyone who enters the financial markets expecting to be right on most of their trades is in for a rude awakening. If you think about it, it’s a lot like hitting a Four runs in Cricket — the best players only get hits 30 to 40% of the time. But a good player knows that the hits usually help a lot more than the strikeouts hurt. The reward is greater than the risk.

Maruti

 

Pennant formation in Maruti with resistance at 1388 and Support at 1370

Buy above 1389 Tgt 1397,1405 and 1417

Sell below 1378 Tgt 1370,1362 and 1353

 

IDFC

IDFC has been forming a base around 149 levels and taking resistance at upper end on symmetrical triangle 153. Now stock is near an importance of 154.8,unable to break it stock will again fall to lower end of trading range.

Buy above 153.6 Tgt 154.8,156 and 158

Sell below 152 Tgt 150,149 and 147

Raymond

Symmetrical Triangle formation with earnings coming in today.Stock look ripe for a big move more probability is on downside,but earnings can change the picture.

Buy above 384 Tgt 387,391 and 397

Sell below 378 Tgt 376,373 and 369

 

All Levels mentioned are Spot Levels. Keep Sl of 05-1% for every call you take. Always trade on levels as and when they come Do not rush to buy in Opening.

Leave a Reply