Markets looks more stablised, but if you compare the volumes, it is very thin. We can still say it is not a bull run yet, even thou it looks nifty heading to close on a high note.
How big is Vijay Mallya’s Debt? SBI finding high time in settling the issue in the court. 13k shares of USL sale won’t be of any help.
These below stocks have a time horizon of one week
1. Sell DLF below 263.95, book profit at 262.70
2. Buy DLF above 279.70, book profit at 281.10
3. Sell TATAMOTORS below 283.05, book profit at 280.25
4. Sell Infosys below 2738, target 2710
09:15 Sell ICICI bank below 1160.5, target 1155
10:20 Buy ICICI bank below 1179.3, target 1185 (revised)
10:20 Buy SBI above 2514.9, target 2515
10:20 Sell Ranbaxy below 485.2, target 483
11:00 Sell TCS below 1352.4, target 1348
11:30 Sell RCOM below 82.7, target 82.2
13:40 Sell Infosys below 2783.65 target 2778
Below predictions are for one month time line.
1. Buy Axis Bank, target 1470, stoploss 1300
2. Buy Bank of Baroda, target 950, stoploss 800
3. Sell Wipro, target 370, stoploss 410
4. Sell DLF, target 210, stoploss 245
5. Sell Tatasteel, target 380, stoploss 436
I trade on a strategy DU,
The following are working for me on 15min charts.
1. Reliance Industries.
The below won’t follow the strategy
Wipro closed below support level. Its the time for down trend. We predict Sell Wipro at current level (373) with a target at 355 and stop loss at 386.
Reliance Infra There was a correction today on steady uptrend for reliance infra, buy more at this support level, with a tight stop loss. Buy Reliance Infra at 513, with stop loss at 500 and target 535.
Reliance Industries Buy at 827, with stop loss at 815 and target 845. The correction, just finished, and up on the go.
SBI Couldn’t break the resistance at 2313. Broken swing low today. The rally which picked up last two weeks, has ended. Sell at 2260, stop loss 2340, book your profit at 2190.
Infosys Continous streak of fall, will find a support here. Buy at 2285 with tight stop loss of 2262, book your profit at 2400.
Tata Motors It is at strong resistance to break, sell at 287 with stop loss 295 and book the profit at 275.
Nifty Broken swing low. Sell Nifty at the open and book profit at 5800, with stop loss at 5950.