Stocks for Intraday Traders:Ranbaxy,Rel Infra and Canara Bank

By | June 7, 2013 12:19 am

Rel Infra

Rel Infra

Rel Infra High Beta Stock is stuck is trendline crossover range, which is very unique pattern and gives good trading moves for quick gains.

Buy above 385 Tgt 388,391.5 and 397 SL 382

Sell below 374 Tgt 370,366 and 362 SL 378

Canara Bank

Canara Bank

Canara Bank has broken its triangle pattern on downside and is trying to retrace back on upside but getting resisted at upward rising trendline.

Buy above 417 Tgt 422,426 and 431 SL 414.5

Sell below 412.5 Tgt 409,406 and 402 SL 414.5



Ranbaxy made a low of 357 and bounced back and is now facing resistance at top end of fibo channel, Unable to cross 383 can lead to profit booking in current upmove.

Buy above 384 Tgt 387,392 and 395.7 SL 382

Sell below 377.5 Tgt 375,372 and 370 SL 379.5

Stock Performance Sheet for the Month of June is Updated @  Net Profit for the month of May is 39325/-

  • All prices relate to the NSE Spot
  • Calls are based on the previous trading day’s price activity.
  • The call is valid for the next trading session only unless otherwise mentioned.
  • Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
  • Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

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