Wednesday, August 18, 2010

Trading call for 19-08-2010


Intraday equity cash segment call.

IDFC
Buy near:-182.25-Stop below:-180.62
Targets:-185.45-188.78-192.23-195.71-199.22
PIVOT:-182.67-RESISTANCE:-184.83-SUPPORT:-180.88
Camarilla:-R3:-184.14-S3:-181.96-

IDFC
Buy above:-185.83-Stop below:-183.95
Targets:-188.78-192.23-195.71-199.22-202.76
PIVOT:-182.67-RESISTANCE:-184.83-SUPPORT:-180.88
Camarilla:-R3:-184.14-S3:-181.96-

PATELENG
Sell below:-399.59-Stop above:-402.51
Targets:-395.61-390.65-385.72-380.82-375.95
PIVOT:-403.35-RESISTANCE:-406.70-SUPPORT:-398.90
Camarilla:-R3:-404.39-S3:-400.11-

MLL
Buy near:-52.56-Stop below:-51.68
Targets:-54.34-56.17-58.05-59.97-61.92
PIVOT:-52.85-RESISTANCE:-54.15-SUPPORT:-52.10
Camarilla:-R3:-53.96-S3:-52.84-

BAJAJ-AUTO
Buy above:-2693.71-Stop below:-2,684.54
Targets:-2699.95-2712.94-2725.97-2739.03-2752.12
PIVOT:-2,673.47-RESISTANCE:-2,694.93-SUPPORT:-2,659.93
Camarilla:-R3:-2,691.03-S3:-2,671.78-

* 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.