Money Spinner - Trading calls in futures segment of Indian stock market

Tuesday, November 21, 2006

Trading calls for 21Nov06

Buy CNX IT index in futures above 5120.00
Sell Dr.Reddys in futures at current levels
Sell India Cements in futures below 204.00
Sell IndusInd Bank in futures below 42.00
Buy JP Hydro in futures above 32.40
Buy TCS in futures above 1132.00
Buy Wipro in futures above 563.00

Buy call on Infosys given on 16Nov06 triggered today above 2220.00 Hold long position.

Exit long in Bank Nifty below 5900.00, Nifty below 3794.00, ACC below 1035.00, Bank of India below 182.00, Divis Lab below 2820.00, HDFC Bank below 1065.00, ICICI Bank below 827.00, SBI below 1183.00, Syndicate Bank below 80.50

Hold your short positions in Escorts, GSK Pharma, Hindalco, Ranbaxy, Siemens, Sterlite, Tata Motors, Tata Tea and Titan Industries.

Hold your long positions in Jet Airways, Mphasis BFL, NTPC, Sun Pharma and UTI Bank.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

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