RIL, JP Associate and Hindalco Intraday trading levels

By | May 17, 2013

Reliance

RIL

RIL closed above its 200 DMA with bullish engulfing pattern, Stock once its crosses above 845 can see a breakout move till 870 in short term.

Buy above 844 Tgt 849,855 and 861 SL 841

Sell below 833 Tgt 828,825 and 822 SL 836

JP Associate

JP Associate

 

Buy above 81 Tgt 82.1,84.1and 86  SL 80

Sell below 78.7 Tgt 76.7 ,75  and 73.5 SL 80

 

Hindalco

Hindalco

Hindalco has been trading in upper channel from low of 90. Stock is now near an importn

Buy above 112 Tgt 114,115.8 and 117 SL 111

Sell below 109 Tgt 107,105 and 103 SL 111

  • 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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