Thursday, July 15, 2010

Trading call for 16-07-2010


Intraday equity cash segment call.

NAGARCONST
Sell near:-182.25-Stop above:-183.90
Targets:-179.07-175.83-172.52-169.25-166.01
PIVOT:-182.78-RESISTANCE:-186.07-SUPPORT:-176.72
Camarilla:-R3:-182.57-S3:-177.43-

HDFC
Sell below:-3,035.71-Stop above:-3,045.66
Targets:-3,029.54-3,015.78-3,002.06-2,988.37-2,974.71
PIVOT:-3,054.62-RESISTANCE:-3,084.18-SUPPORT:-3,020.43
Camarilla:-R3:-3,067.53-S3:-3,032.47-

TATACHEM
Sell below:-323.67-Stop above:-326.26
Targets:-320.00-315.54-311.11-306.71-302.34
PIVOT:-325.73-RESISTANCE:-327.47-SUPPORT:-323.47
Camarilla:-R3:-326.30-S3:-324.10-

SUNPHARMA
Buy above:-1744.81-Stop below:-1,737.85
Targets:-1750.89-1761.35-1771.85-1782.39-1792.95
PIVOT:-1,750.00-RESISTANCE:-1,770.00-SUPPORT:-1,720.00
Camarilla:-R3:-1,753.75-S3:-1,726.25-

SAIL
Buy above:-203.27-Stop below:-201.29
Targets:-206.33-209.93-213.57-217.24-220.93
PIVOT:-199.18-RESISTANCE:-203.52-SUPPORT:-196.37
Camarilla:-R3:-202.67-S3:-198.73-

NIITLTD
Sell below:-70.07-Stop above:-71.20
Targets:-68.16-66.11-64.10-62.11-60.15
PIVOT:-70.23-RESISTANCE:-70.87-SUPPORT:-69.52
Camarilla:-R3:-70.52-S3:-69.78-

GODREJIND
Sell below:-175.38-Stop above:-177.23
Targets:-172.52-169.25-166.01-162.81-159.63
PIVOT:-177.53-RESISTANCE:-180.02-SUPPORT:-176.07
Camarilla:-R3:-179.64-S3:-177.46-

* 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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