Stocks for short term Traders:TCS,Rel Infra and Century

By | September 10, 2013

TCS

TCS

TCS is holding the support of its fibo fans as shown in above chart. Any close below 1974 will lead to further downfall till 1880, 1830 odd levels in short term.

Intraday Traders can use the below mentioned levels

Buy above 2000 Tgt 2017,2045 and 2067 SL 1988

Sell below 1974 Tgt 1946,1917 and 1888 SL 1988

 

 

Rel Infra

Rel InfraReliance Infra is facing resistance in crossing its 100 DMA,and also faces a trendline resistance around 370 odd levels. Positional traders can long above 370 for short term target of 378, 390 and 398.  Positional shorts can be taken below 364 for short term target of 354 and 344.

Intraday Traders can use the below mentioned levels

Buy above 369 Tgt 374,377 and 385 SL 366

Sell below 364 Tgt 360,355 and 350 SL 366

 

 

Century Textile

Century TextileCentury Textile is trading at the higher end of the downward falling trendline,Positional Traders can take long above 233 for short term target of 238 and 244 in short term. Any close below 220 give short term target of  212.

Intraday Traders can use the below mentioned levels

Buy above 226 Tgt 228,231 and 233 SL 224

Sell below 223 Tgt 220,217 and 214 SL 224

 

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 71.6K

Stock Performance Positional sheet for Sep Month is updated on http://positionalcallsperformance.blogspot.com/ Net Profit for the month of Aug is 2.71 Lakh and Sep Month 1.14 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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