Wednesday, June 30, 2010

Trading call for 01-07-2010


Intraday equity cash segment call.

CANBK
Buy above:-457.35-Stop below:-454.23
Targets:-461.56-466.94-472.35-477.80-483.27
PIVOT:-447.53-RESISTANCE:-459.77-SUPPORT:-441.27
Camarilla:-R3:-458.59-S3:-448.41

UNIPHOS
Sell near:-185.64-Stop above:-187.30
Targets:-182.43-179.16-175.83-172.52-169.25
PIVOT:-184.65-RESISTANCE:-189.10-SUPPORT:-179.50
Camarilla:-R3:-186.59-S3:-181.31

HINDPETRO
Sell below:-467.17-Stop above:-470.35
Targets:-462.94-457.58-452.24-446.94-441.66
PIVOT:-460.02-RESISTANCE:-488.78-SUPPORT:-441.03
Camarilla:-R3:-482.93-S3:-456.67

HDIL
Buy above:-252.27-Stop below:-250.04
Targets:-255.62-259.63-263.67-267.74-271.84
PIVOT:-247.05-RESISTANCE:-254.05-SUPPORT:-243.20
Camarilla:-R3:-253.18-S3:-247.22

PTC
Sell below:-99.90-Stop above:-101.26
Targets:-97.66-95.21-92.78-90.39-88.02
PIVOT:-100.85-RESISTANCE:-101.70-SUPPORT:-99.40
Camarilla:-R3:-100.88-S3:-99.62


* Calls under Intraday category are for intraday trading only.
* Trade at your own risk. Keep strict stop loss.
* When the first target is reached or price moves half way to the target, trail the stop loss near buying price.
* Keep booking part profit at the given targets. All the targets usually will not be achieved.
* Avoid taking new position in first 30 minutes and at last 30 minutes of trading session.
* Prefer to trade in the direction of the major market trend.
* Pivot, Resistance, Support of Floor pivot and R3, S3 of Camarilla can also be used as optional entry, stop loss and target points.

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