Buy above 45.5 TGt 46.5,47.7 and 49 SL 44.6
Sell below 43 Tgt 41.8,39.6 and 38 SL 44
ITC has been a leadership stock in current rally, Stock corrected took support at trendline and bounced back. Stock made a fresh life high at 355.9. Closing above 356 will take stock to further higher levels.
Buy above 356 Tgt 359,363 and 367 SL 354
Sell below 350 Tgt 346,342 and 338 SL 354
Cipla has corrected from the high of 420 to 385 and is now approaching its short term trendline support. Holding the same bounceback can be expected. Cipla has also closed below its 200 DMA putting further pressure on stock.
Buy above 391 Tgt 396,400 and 403 SL 388
Sell below 380 Tgt 375,370 and 366 SL 383
Stock Performance Sheet for the Month of May is Updated @http://tradingsystemperformance.blogspot.in/ Net Profit for the month of May is 187775/-
- All prices relate to the NSE Spot
- Calls are based on the previous trading day’s price activity.
- The call is valid for the next trading session only unless otherwise mentioned.
- Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
- Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.
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