Axis Bank
Axis Bank was unable to cross its falling trendline, Banks have rallied the most in recent upmove but yesterday most of banks including axis have underperformed the nifty,suggesting selling at higher levels. Some pullback rally is on cards to fill the last gap 952-977. Positional traders can short axis below 987 for short term target of 953 and 932. Any close above 1008 will give short term target of 1076.
Intraday Traders can use the below mentioned levels
Buy above 1000 Tgt 1010,1021 and 1033 SL 995
Sell below 987 Tgt 975,966 and 953 SL 998
DLF
DLF is trading in perfect down trending channel touched the top of channel . Positional traders can long above 144 for target of 152 and 157. Any close below 140 will lead the stock back to 131 odd levels.
Intraday Traders can use the below mentioned levels
Buy above 143 Tgt 145.5,148.3 and 151 SL 141
Sell below 140 Tgt 137,135 and 131 SL 141
Raymond
Raymond took resistance at its downward falling trendline.Positional traders can short the stock if its unable to cross 212 for short term target of 199. Any close above 212 gives target of 220 and 225.
Intraday Traders can use the below mentioned levels
Buy above 213 Tgt 215,217 and 220 SL 211
Sell below 209 Tgt 206.5,203 and 200 SL 211
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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