Today we have witnessed the upswing in the global market but our own share market could not mirror than and ended almost flat BSE closed at 18,340 up 30 points and NSE 5571 down 3 points.
But there has been lots of stock specific actions like Maruti was up 4% and closed around 1500 up almost 50% from the lows of Manesar Plant lock out. Bharti, ITC, HDIL were other major gainers. On the losing front IDFC, Lupin, ONGC were the major loosers on the broader market.
Upon looking at the todays market and upcoming events in the coming days we have shortlisted few stocks in which positions can be taken for short for profit of 5-7% in a week time with stop loss.
1. ONGC ( Cmp 254 ) - Target of 265-270 with stop loss of 249
2. OIL India ( Cmp 457 ) -Target of 470-475 with stop loss of 449
3. Lanco Infra ( 12.65 ) - Target of 13.70-14.05 with stop loss of 12.30
4. SBI ( 2095 ) - Target of 2170 stop loss 2070
5. SKS Micro ( 120 ) - Target of 128 with stop loss of 117
The above stocks should be traded with specified stop loss and if braoder market moves further high these stocks will see higher targets and then should be hold and traded with trailing stop loss.
But there has been lots of stock specific actions like Maruti was up 4% and closed around 1500 up almost 50% from the lows of Manesar Plant lock out. Bharti, ITC, HDIL were other major gainers. On the losing front IDFC, Lupin, ONGC were the major loosers on the broader market.
Upon looking at the todays market and upcoming events in the coming days we have shortlisted few stocks in which positions can be taken for short for profit of 5-7% in a week time with stop loss.
1. ONGC ( Cmp 254 ) - Target of 265-270 with stop loss of 249
2. OIL India ( Cmp 457 ) -Target of 470-475 with stop loss of 449
3. Lanco Infra ( 12.65 ) - Target of 13.70-14.05 with stop loss of 12.30
4. SBI ( 2095 ) - Target of 2170 stop loss 2070
5. SKS Micro ( 120 ) - Target of 128 with stop loss of 117
The above stocks should be traded with specified stop loss and if braoder market moves further high these stocks will see higher targets and then should be hold and traded with trailing stop loss.
1 comment:
Hey, thanks for the information. your posts are informative and useful. I am regularly following your posts.
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