Free Today’s Trading Tips April 16
Posted by Stock Market Guru on 15 April, 2009
1 comment so far
This item was filled under [ Day Traders, Long Calls, Past Performance, Short Calls, Trading Calls ]
- Read today’s market highlights Click Here
- On April 15, Asian markets were closed marginally high and EU markets were in negative zone. Dow and Nasdaq are trading flat positively.
- Indian stocks outperformed world stock markets though Infosys results and guidance were negative.
- Sensex was ended 318 point High and Nifty 101 point up.
- Nifty crossed major resistance level 3440 and was ended above 3480
- Nifty Resistances: Above 3480, Nifty can touch 3526, 3550, 3649
- Nifty Supports: Below 3480, Nifty can retest 3440, 3350, 3270
- Good News For Followers: Mint money with Opto Ckt, Hind Motor, Punj Llyod, Spice, Lanco, Suzlon, Hind Copper …
- Buy GIPCL: Target-75, Short Target-83, Stop Loss-65
- Buy/Hold Hindustan Motors: Target 22, Short Target- 24, Stop Loss-14
- Buy/Hold Hindustan Copper: Target 220, Short Target-229, Stop Loss-196
- Sell Infosys
- Buy SpiceJet: Hold if you have followed my previous call, Target-19, Short Target-22, Stop Loss-14
- Buy Shaw Wallace: Target 171, Short Term-192, 213, Stop Loss-158
- Sell Rolta: Target-103, Short Target-97, 84, Stop Loss-117
- Buy Lanco Infra: Target-259, Short Target-270, Stop Loss-217
- Buy JSW: Target-390, Short Target-423, Stop Loss-355
Mid Session Calls
- Heavy Selling Pressure in Some Large Caps. Beware of holding any Mid-Cap and small-cap. Short Term Trend will be negative tomorrow onwards.
- Short Term Traders Book Profit in Hindustan Copper, Hindustan Motor
- Sell Lanco Infra
- Hold Suzlon, GIPCL
- Hold Spice Jet
- Exit BILT Now
- Market is in Deep RED. As i told mentioned to exit all long position. Book Your profit and be on cash to buy them in load agian.
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