Century has broken out of its resistance zone of and closed above its 50 SMA.Follow up action should be seen today and move towards next zone resistance of 327
Buy above 318.5 Tgt 321,324 and 327 SL 316.5
Sell below 312 Tgt 310,307 and 303 SL 314
Hero Moto Corp
Hero Moto Corp is near its moving average resistance of 100 SMA @1714. Stock has a history of showing pullback around this levels so caution is advised on longs.
Buy above 1714 Tgt 1728,1750 and 1766 SL 1706
Sell below 1690 Tgt 1670,1655 and 1635 SL 1695
IDFC has been trading in between a triangle formation oscillating around its 200 DMA.
BUy above 154.3 Tgt 156,157.7 and 159 SL 153
Sell below 152.8 Tgt 151.4,150 and 148 SL 153.3
For the reference of readers the performance sheet for the Month of April/March Expiry has been updated, can be accessed from http://tradingsystemperformance.blogspot.in/.
- 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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