Trading Calls:RIL,M&M and BOB

By | July 11, 2013

Reliance

RIL

Reliance trading in its Flag pattern, Took resistance at upper end 889 and lower end at 840 where it gave a bounceback. So RIL also trading in a range trade.

Buy above 869 Tgt 877,885 and 891 SL 865

Sell below 856 Tgt 847,839 and 825 SL 860

M&M

M&M

M&M trading is a 100 trading range of 907-1008. Bounce back can be expected as its near its lower end of trading range towards higher end at 1000. Positional traders keep an eye of 898 any close below it will give target of 843 in medium term.

Buy above 924 Tgt 935,946 and 957 SL 912

Sell below 907 Tgt 898,890 and 881 SL 912

 

Bank of Baroda

Bank Baroda

BOB is trading is descending triangle with support at 540 which is also a Gann level  should be watched closely.Any close below 540 will give target of 521 and 500 in short term.

Buy above 560 Tgt 568,575 and 583 SL 552

Sell below 550 Tgt 545,540 and 533 SL 553

Stock Performance Sheet for the Month of June is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of June is .68 Lakh

  • 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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