STOCK IDEAS AT 8.30 A.M 23rd AUGUST.

The last close for nifty future was at 5414. The target for this rally is 5435 & 5450.

The 7 day moving averages are placed at 5460.

If the nifty futures trades above 5465 with volumes than the rally can extend up to 5495 & 5510.

The maximum target for this rally is 5535.

We will take a fresh view on a close above 5550.

For intraday traders one can take short positions in  COLGATE with a stop loss of 1295. The targets are be

below 1200 in the range of 1150 to 1170.

One can buy SEPTEMBER calls of 320 strike price of CAIRN INDIA LTD.

BUY BRITANNIA INDUSTRIES AROUND 705 with a stop loss of 695. The targets are 735 & 755

BUY HINDALCO FUTURES AUGUST  at 103 with stop loss of  101. targets are 105 & 108

Risk takers can buy calls of 80 & 85 for KARNATAKA BANK AUGUST SERIES.

BUY RANBAXY FUTURES stop loss 378. Target 410

Sell AXIS BANK FUTURES stop loss 985  target 945.

PLEASE TRADE IN SMALL QUANTITIES &  HAPPY TRADING DAY.