Trading Calls:LT,Bajaj Auto and Petronet

By | September 20, 2013

LT

LT

LT trading in perfect up trending triangle and has taken resistance at 100 DMA, Any close above 898 will give short term target of 932, Failure to do so LT is falling back to 843.

Intraday traders can use the below mention levels

Buy above 898 Tgt 906,920 and 932 SL 888

Sell below 880 Tgt 870,856 and 843 SL 888

Bajaj Auto

bajaj autoBajaj Auto is trading at top of triangle and signalling a breakout.

Buy above 2070 Tgt 2085,2108 and 2126 SL 2050

Sell below 2044 Tgt 2030,2006 and 1974 SL 2050

 

 

Petronet

PetronetPetronet has formed a bullish engulfing pattern and any close above 124 will give short term target of 131.

Intraday traders can use the below mention levels

Buy above 123 Tgt 124.8,126.6 and 129.9 SL 122

Sell below 121 Tgt 119.7,118.3 and 116.4 SL 122

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 98K

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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