Short Term Trade:Adani,DLF and IDFC

By | December 12, 2012

A good way to start each trading day is by asking some questions:

Where are the opportunities today?

Are there any impending risks to my positions?

Where might the opportunities or risks develop?

 

Adani Enterprises Limited Adani Ent

With Gujarat Election less than a Week away Adani is on a Roll as Narender Modi’s win will be beneficial for the stock. Stock is approaching a crucial trendline resistance of 275. Unable to cross the same Pullback should be expected.

Sell below 269 Tgt 267.6,264.3 and 262

Buy above 275 Tgt 277.2,280.7 and 282.5

 

IDFC

IDFC

IDFC has formed a gravestone doji from its 52 week high on Friday  and formed an Inside day candlestick pattern yesterday. Today expect range expansion with breakout above 175 or breakdown below 170

 

Buy above 175.6  Tgt 177.3,179.7 and 182

Sell below 170 Tgt 168.9,167.1 and 166

DLF

DLF

DLF has taken support on its falling trendline ,Holding the same will see a bounce back else a corrective move which start yesterday will continue.

Buy above 219.5 Tgt 223,225 and 229

Sell below 213 Tgt 209,205 and 202

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