Thursday 22 August 2013

TRADING IDEAS FOR INDIAN STOCK MARKET 23rd AUGUST 2013

For today you can go long in Cairn India. The targets are 325. Keep a stop loss
of 302. This call is in the capital market section.
Traders can go short in INDUSIND BANK futures keeping a stop loss of 358.The targets are 340.
Traders can also go short in DLF futures on the break of 139 levels. The stop loss is 144 and the target is 125.
The metal stocks have performed exceptionally today. You can buy counters like TATA STEEL, HINDALCO, JINDAL STEEL & POWER, JSW STEEL but only on a small correction.
Traders can continue to hold 3000CALL/ PUT OPTIONS in INFOSYS LTD
Those traders who have patience can hold on to TITAN INDUSTRIES. The STOP LOSS is now 228. Since it was a short call around 240 , other traders can book full profit.
Watch out for more pre market calls tomorrow morning.

HAPPY TRADING.

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