Against Trend Calls for 18 May 2017

ANDHRABANK -> On Long Side at open or dips
COLPAL -> On Long Side at open or dips
SBIN -> On Short Side at open or spikes
SINTEX -> On Short Side at open or spikes
SRTRANSFIN -> On Short Side at open or spikes
ENGINERSIN -> On Short Side at open or spikes
MARICO -> On Long Side at open or dips
TORNTPHARM -> On Short Side at open or spikes

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Trend Trading Levels for 18 May 2017

NIFTY Hold Long taken at 9174.85 On 24-04-2017 StopLoss 9462.87 | Profit so far 358.9
BANKNIFTY Hold Long taken at 22896.4 On 16-05-2017 StopLoss 22776.58 | Profit so far 34.5
SBIN Hold Long taken at 289.1 On 28-04-2017 StopLoss 301.08 | Profit so far 18.25
RELIANCE Hold Short taken at 1344.12 On 15-05-2017 StopLoss 1364.67 | Profit so far -8.18

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Major Mkt Activity on 17 May 201

Long Build Up: INFIBEAM, TATAMTRDVR, JUSTDIAL, PIDILITIND, TATAMOTORS
Short Covering: JINDALSTEL, AMARAJABAT, CEATLTD, TATASTEEL, GODREJIND

Short Build Up: CAPF, ALBK, GLENMARK, WIPRO, IBREALEST
Long Unwinding: HDIL, ICIL, ESCORTS, MUTHOOTFIN, AMBUJACEM

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Important Levels for 18 May 2017

NIFTY : Levels to watch are 9555.83 and 9511.67
BANKNIFTY : Levels to watch are 22982.88 and 22878.93
RELIANCE : Levels to watch are 1360.58 and 1344.03
SBIN : Levels to watch are 308.8 and 305.9

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Against Trend Calls for 17 May 2017

COLPAL -> On Long Side at open or dips
DRREDDY -> On Short Side at open or spikes
IDEA -> On Long Side at open or dips
INDIACEM -> On Short Side at open or spikes
JSWSTEEL -> On Short Side at open or spikes
TATASTEEL -> On Short Side at open or spikes
TVSMOTOR -> On Short Side at open or spikes
YESBANK -> On Long Side at open or dips
TATACOMM -> On Short Side at open or spikes
GLENMARK -> On Long Side at open or dips

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Trend Trading Levels for 17 May 2017

BANKNIFTY Bought at 22896.4 StopLoss 22685.35| Profit so far 44.65
NIFTY Hold Long taken at 9174.85 On 24-04-2017 StopLoss 9428.02 | Profit so far 347.3
SBIN Hold Long taken at 289.1 On 28-04-2017 StopLoss 297.85 | Profit so far 18.4
RELIANCE Hold Short taken at 1344.12 On 15-05-2017 StopLoss 1363.5 | Profit so far -11.88

Posted in FnO |