Saturday, July 24, 2010

Trading call for 26-07-2010

Intraday equity cash segment call.

BEML -
Buy above:-1017.03-Stop below:-1,012.04
Targets:-1022.46-1030.47-1038.50-1046.57-1054.67-
PIVOT:-1,023.38-RESISTANCE:-1,031.77-SUPPORT:-1,006.87-
Camarilla:-R3:-1,022.10-S3:-1,008.40
-
IFCI -
Sell near:-61.98-Stop above:-62.98
Targets:-60.06-58.14-56.28-54.42-52.59-
PIVOT:-60.32-RESISTANCE:-62.08-SUPPORT:-57.48-
Camarilla:-R3:-60.52-S3:-57.98
-
MLL -
Buy above:-47.31-Stop below:-46.41
Targets:-48.93-50.69-52.48-54.31-56.17-
PIVOT:-46.90-RESISTANCE:-47.60-SUPPORT:-46.40-
Camarilla:-R3:-47.43-S3:-46.77
-
LUPIN -
Buy above:-1905.04-Stop below:-1,897.70
Targets:-1911.19-1922.13-1933.10-1944.10-1955.13-
PIVOT:-1,892.57-RESISTANCE:-1,918.13-SUPPORT:-1,875.78-
Camarilla:-R3:-1,913.00-S3:-1,889.70

* 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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