Stock Futures Trading:BoB,Century Textile and Shriram Transport

By | July 23, 2013 12:14 am

Bank of Baroda

Bank Baroda

Bank of Baroda stock has been trading in range of 540-595 for past few trading session.Unable to cross 595-597 range tommrow we can again go back to lower end of trading range.

Buy above 595 Tgt 599,606 and 610 SL 589

Sell below 583 Tgt 578,574 and 568 SL 589

 

Shriram Transport Finance

Shriram

Shriram Transport stock has been trading in downward falling channel bounced from important FF level of 623 and is now facing resistance at next FF level of 665. Any close above 665 give target of 699 and 758 in medium term.

Buy above 665 Tgt 672,681,692 and 699 SL 660

Sell below 658 Tgt 652,644 and 632 SL 663

Century Textile

Century Textile

Century Textile after falling from past few trading session has seen some sign of life forming a bullish engulfing pattern,and also closed above FF level of 255 signalling continuation of up move.

Buy above 262 Tgt 267,271 and 276 SL 259

Sell below 254 Tgt 250,246 and 241 SL 256

Stock Performance Sheet for the Month of June is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of June is 1.45 Lakh

  • 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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