Tuesday, June 29, 2010

Trading call for 30-06-2010

Intraday equity cash segment call.

BANKBARODA
Sell below:-701.54-Stop above:-705.57
Targets:-696.68-690.10-683.54-677.01-670.52
PIVOT:-712.00-RESISTANCE:-721.40-SUPPORT:-699.10
Camarilla:-R3:-714.63-S3:-702.37

CUMMINSIND
Sell below:-587.47-Stop above:-591.10
Targets:-582.89-576.86-570.87-564.91-558.98
PIVOT:-594.77-RESISTANCE:-599.33-SUPPORT:-589.53
Camarilla:-R3:-596.79-S3:-591.41

BHARTIARTL
Buy above:-268.41-Stop below:-266.10
Targets:-271.84-275.98-280.14-284.34-288.57
PIVOT:-265.47-RESISTANCE:-267.33-SUPPORT:-263.93
Camarilla:-R3:-266.74-S3:-264.87

CASTROL
Buy above:-446.71-Stop below:-443.63
Targets:-450.89-456.21-461.56-466.94-472.35
PIVOT:-443.47-RESISTANCE:-448.93-SUPPORT:-437.93
Camarilla:-R3:-446.42-S3:-440.38

ONMOBILE
Sell below:-284.48-Stop above:-286.88
Targets:-280.98-276.81-272.66-268.54-264.46
PIVOT:-288.00-RESISTANCE:-294.00-SUPPORT:-279.50
Camarilla:-R3:-289.49-S3:-281.51

PFC
Buy above:-297.86-Stop below:-295.41
Targets:-301.44-305.79-310.17-314.59-319.04
PIVOT:-294.33-RESISTANCE:-300.47-SUPPORT:-290.77
Camarilla:-R3:-299.57-S3:-294.23



* 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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