Intra Trading Calls:SBI,ICICI Bank and BHEL

By | November 9, 2012

A true piece of wisdom. In my experience when I trade well it is like shooting fish in a barrel. Almost everything works. I don’t need to be overly patient with positions. The money comes in very fast. That’s exactly how trading should be. The exact opposite was the case during the first 2 months of this year. So I did what I had to do. I recognized the situation for what it was and admitted my efforts were not leading my portfolio anywhere. It was like folding when you are dealt a bad hand in poker. So I folded. Now I am waiting for the next hand. If it is a bad one I fold again. If a series of trades start to really go my way I push it hard and increase exposure and trade aggressively.

SBIN

SBI is coming with its results today during market hours. Stock has rallied before results from lows of 2057-2266. Resistance at 2285

Buy above 2251 Tgt 2266,2278 and 2291

Sell below 2230 Tgt 2202,2184 and 2164

ICICI Bank

Ascending triangle formation with resistance at 1100 and support at 1060

 

Buy above 1077 Tgt 1082,1088 and 1094

Sell below 1070 Tgt 1065,1059

 

BHEL

Trendline resistance at 238 and 200 DMA at 240

 

Buy above 240 Tgt 242,245 and 248

Sell below 236 Tgt 234,231 and 229

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