REL, Rel Cap and IndusInd Bank trading strategy

By | January 9, 2014

Reliance

RIL

RIL is near its 200 DMA. from last many time stock has given a rally after touching its 200 DMA.Holding 843 on closing basis stock could go back to 898 in short term.

Buy above 851 Tgt 856,863 and 869 SL 848

Sell below 843 Tgt 837,832 and 835 SL 848

 

Indusind Bank

Indusind BankPositional traders should look for close below 411 for target of 398.

Buy above 423 Tgt 425.5,429 and 433 SL 421

Sell below 419 Tgt 416,411 and 406 SL 421

Stock will be volatile tomorrow so trade cautiously.

 

 

Reliance Capital

rel CapPositional traders should look for a close above 357, stock can head to 364 and 377 in short term.

Buy above 357 Tgt 359,363 and 366 SL 355

Sell below 352.5 Tgt 350,346 and 343 SL 355

 

  • 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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