Trading Calls:RIL,BPCL and Canara Bank

By | September 12, 2013

Reliance Industries

RIL

Reliance Industries is forming a triangle pattern and multiple tops in range of 892-893. Positional traders should look for a close above 898 for short term target of 932.

Intraday Traders can use the below mentioned levels

Buy above 898 Tgt 903,914 and 920 SL 894

Sell below 884 Tgt 880,876 and 866 SL 888

 

BPCL

BPCLBPCL is also near its trendline resistance,breaking the same will lead to further upside till 322 levels.

Intraday Traders can use the below mentioned levels

Buy above 315 Tgt 319,322 and 326 SL 312

Sell below 310 Tgt 308,305 and 301 SL 312

 

Canara Bank

Canara Bank

Canara Bank trading in perfect down trending channel, yesterday rise was backed by volumes and todays move can break the channel on upside.Positional traders should look for a close above 233 for target of 254. Any close below 212 will lead to a correction till 199.

Intraday Traders can use the below mentioned levels

Buy above 224 Tgt 228,233 and 236 SL 222

Sell below 220 Tgt 217,212 and 209 SL 222

 

 

Stock Performance Sheet for the Month of September is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of Aug is 1.89 Lakh and Sep Month 92K

Stock Performance Positional sheet for Sep Month is updated on http://positionalcallsperformance.blogspot.com/

 

  • 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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2 thoughts on “Trading Calls:RIL,BPCL and Canara Bank

  1. Bramesh Post author

    Dear Parth,

    Readers who visit the sites trade in Cash/Futures and Options.

    Now if i give futures levels it will be difficult for traders in cash market to go ahead and trade. As future prices are driven by cash so I have given cash levels and as soon as cash levels are triggered the trade can be taken in Futures.

    Hope it clarifies !!

    Rgds,
    Bramesh

  2. Parth

    You have mentioned All price relate to NSE SPOT and in performance sheet you have mentioned LOT SIZE.

    So Trading call is it future price or cash price ?

    Pl, clarify.

    Thanks

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