Positional Calls:Infy,SunPharma and United Spirits

By | July 10, 2013

Infosys

Infy

Infosys is coming with its results day after  tomorrow before market opens,Stock has a bad history of opening 10+% gap up or gap down. Stock is approaching its higher end of trendline and if unable to cross and close above 2584 on closing basis stock can fall all its way upto 2351. Any close above 2584 gives positional target of 2817. Traders who are taking positions in futures today please hedge yourself, as capital preservation is must for any trader than comes profit and loss.

Buy above 2514 Tgt 2530,2547 and 2584 SL  2495

Sell below 2480 Tgt 2464,2448 and 2420 SL 2500

 

United Spirits

United Spirits

United Spirits is on its dream run trading at its 52 week high, Stock is approaching its resistance line and also an important Gann Number of 2679, Unable to close above 2679 will pullback the stock back to 2584 odd levels. Any close abvoe 2679 on closing basis next target comes at 2817.

Buy above 2682 Tgt 2718,2740 and 2770 SL 2645

Sell below  2620 Tgt 2590,2550 and 2530 SL 2645

 

Sun Pharma

Sun Pharma

Sun pharma is als trading its important Gann number of 1079. Trading above its for next 1 hour will give positional target of 1131, Unable to do so will start the pullback back to  1021 and 987

Buy above 1080 Tgt 1095,1120 and 1131  SL 1072

Sell below 1050 Tgt 1041,1021 and 1008 SL 1055

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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