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

Thursday, December 07, 2006

Trading calls for 07Dec06

Sell Cipla in futures if sustains below 248.00
Sell Corporation Bank in futures at current levels with stoploss 393.00
Buy Jindal Stainless in futures above 129.10 with stoploss 119.80

Buy GTC Ind in cash if sustains above 225.00 with stoploss 208.00
Buy Ispat Industries in cash if sustains above 12.50 with stoploss 10.80

Please keep checking the stoplosses below as it is upgraded regularly based on the technicals in the charts.

Hold your long positions in (Price in brackets is the stop loss):
Bank Nifty(6150.00), ABB(3670.00), ACC (1035.00), Alok Ind(70.35), Bajaj Auto(2620.00), BOI (195.50), BEL(1172.00), Bharti (615.00), Canara Bank(306.00), Federal Bank (220.30), Glaxo (1182.00), HDFC Bank (1075.00), Hero Honda(743.00), IFlex, ICICI Bank (849.50), Infosys Tech(2134.00), Maruti(930.00), MRPL(41.25), Polaris(124.70), Reliance Capital(598.00), SBI(1340.00), Sun Pharma (967.00), Tata Motors, Tata Power(591.00) and Wipro(578.50).

Hold your short positions in (Price in brackets is the stop loss):
BPCL (366.50), HLL(245.00), HPCL (299.00), IOC(465.00) and Sun TV (1516.00).

Pease note that if no prices are mentioned in brackets then there is no stop loss reqiured currently. Stop losses would be provided at appropiate levels. Keep checking the stoplosses as it is updated everyday.

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.

2 Comments:

  • You did not mark stop loss for iflex. Could you update it?

    By Anonymous Anonymous, at 10:04 AM  

  • There is no stop loss required for Iflex as of now. You can hold it without any worry. Stoploss will be provided at appropriate time.

    By Blogger Moneyspinner, at 10:25 AM  

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