Trading call for 18-06-2010

MPHASIS     

Sell near: 606.39 Stop above: 612.26  

Targets: 600.25 594.44 588.36 582.31 576.29

PIVOT: 599.58 RESISTANCE: 612.07 SUPPORT: 590.17

Camarilla: R3: 608.67 S3: 596.63

     

MCLEODRUSS     

Buy above: 189.06 Stop below: 185.64  

Targets: 192.42 195.90 199.42 202.96 206.54

PIVOT: 185.47 RESISTANCE: 188.93 SUPPORT: 183.13

Camarilla: R3: 188.19 S3: 185.01

     

MCLEODRUSS     

Buy near: 185.64 Stop below: 182.34  

Targets: 189.06 192.42 195.90 199.42 202.96

PIVOT: 185.47 RESISTANCE: 188.93 SUPPORT: 183.13

Camarilla: R3: 188.19 S3: 185.01

     

LITL     

Buy near: 66.02 Stop below: 64.03  

Targets: 68.06 70.11 72.21 74.35 76.52

PIVOT: 68.00 RESISTANCE: 69.50 SUPPORT: 66.50

Camarilla: R3: 68.83 S3: 67.17

     

SYNDIBANK     

Buy above: 95.06 Stop below: 92.64  

Targets: 97.47 99.95 102.46 105.01 107.59

PIVOT: 92.52 RESISTANCE: 93.63 SUPPORT: 91.58

Camarilla: R3: 93.26 S3: 92.14

     

RELIANCE     

Buy near: 1,064.39 Stop below: 1,056.78  

Targets: 1,072.56 1,080.23 1,088.46 1,096.72 1,105.01

PIVOT: 1,068.90 RESISTANCE: 1,079.50 SUPPORT: 1,060.80

Camarilla: R3: 1,076.54 S3: 1,066.26

* Calls are for intraday trading only.

* Trade at your own risk. Keep strict stop loss.

* When the first target is reached trail the stop loss near buying price.

* Also trail the stop loss near your buying price after the price moves at halfway of the target.

* Keep booking part profit at the given targets. All the targets may 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.