Yes Bank : Buy

Yes Bank (Close 339.20) Buy above 342 with stop loss of 334 for target of 360 and possible target of 380.

Buy Onmobile

ON MOBILE (Close 40.20) : from high of around 84 in month of march 2012, Onmobile seems to be have completed its retracement of 61.80% at around 34-36 levels. One can buy this stock above 39 with stop loss of 36 for target of 44 & 48.

If this levels hold the stock can go upto 58, but the level of 41 should hold for this stock.

Intraday Stock Trading Ideas : Tata Steel, Hindalco and DLF

Buy TATA Steel (Close 418.75) above 419.50 with stop loss of 413.80 for target of 425,431,437.

Sell Hindalco below (Close 122.20) 123.25 with stop loss of 126 for target of 119,116 & 113.

Sell DLF below (Close 187.80) 191.70 with stop loss of 196 for target of 182,177,167.

 

Ranbaxy : View

Ranbaxy (Close 478.10) : from recent high of 539.50 has retraced 23.60% to the level of 473.50, In our opinion Ranbaxy should again should target 511, 536. One can buy this Stock with closing basis stop loss of 471 above 477. If this stock fails to close above 471, there is a possiblity of stock coming down to 433 & 400. So keep strict stop loss.

 

Pick of the week : Buy Spicejet

Spicejet (Close 31.50) : From low of 15.33 Spicejet seems to be breaking out of its range of 35.40. If it is able to break the range of 36. Spicejet can move upto 41 and 47. Keep a watch on this stock. Keep a stop loss of 30 for this stock on closing basis.

Intra day Stock Trading ideas for 18.06.2012 (Monday)

Buy Deccan Chornicle above 33 with stop

loss of 31 for target of 37 & 39.

Buy DLF above 196 with stop of 193for target of 199,201 & 204.

Buy Reliance Communications above 68 with stop of 67 for target of 69 & 71.

Buy Tatamotors above 236 with stop loss of 231 for target of 245,249 & 258.

Buy HDIL above 73.50 with stop loss of 72.50 for target of 75.50 & 78.

Buy India Cements above 80 with stop loss of 78 for target of 83,85 & 88.

DISCLAIMER: All information given on this blog is largely based on technical analysis, which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making Investment Decisions. I/We am/are not liable and take no responsibility for any loss that you incure by trading / Investing on my/our recommendations

View : Infosys

Infosys is trying to fill gap made on last qtrly result, as shown above in the chart.

Buy with stop loss of 2469 above 2489 for target of 2518, 2538.

SELL If trades below 2489 with stop loss of 2518 for target of 2469,2440.

Keep a watch on this stock.

Intra day stock trading ideas for 14.06.2012

Sell HDIL below 75.60 with stop loss of 76.70 for target of 74,73 & 71

Sell Tatamotors below 239 with stop loss of 242 for target of 234,231 & 226

Sell Sterlite Ind below 102.50 with stop loss of 104.25 for target of 100,98 & 96

HDIL made low of 71.85

Tata Motors made low of 226

Ster made low of 100.50

Global Economic Events Calender - June 2012

05/06/2012:

Australia RBA Interest Rate Decision
Germany Purchasing Manager Index Services (PMI) data for May 2012
Bank of Canada Interest Rate Decision

07/06/2012
Japan Gross Domestic Product Annualized (Q1)
United Kingdom BoE Interest Rate Decision
United States Consumer Credit Change
Switzerland Unemployment Rate

08/06/2012
Germany Exports and Imports (April)

12/06/2012
United States Monthly Budget Statement
IIP for the month of April .

13/06/2012
United States Retail Sales ex Autos (MoM) (May)

14/06/2012

WPI inflation for the month of May .

15/06/2012
Bank of Japan Interest Rate Decision

18/06/2012
RBI Mid quarter review

19/06/2012
United Kingdom Consumer Price Index (YoY) (May)

20/06/2012
United States Fed Interest Rate Decision

21/06/2012
Germany Purchasing Manager Index Services (Jun) Preliminary
United Kingdom Retail Sales (YoY) (May)

25/06/2012
United States New Home Sales Change (MoM) (May)
Germany Gfk Consumer Confidence Survey

28/06/2012
Germany Unemployment Change (Jun)
United States GDP Annualized (Q1)

Intra day stock trading idea for 07.06.2012

ICICI Bank (Close 808.40) Buy above 805 with stop loss of 799 for target of 813, 819 & 826

Hindustan Lever (Close 420.05) Buy above 418 with stop loss of 415 for target of 427 & 434.

Jindal Steel & Power (Close 431.90) Buy above 427 with stop loss of 419 for target of 440,448 & 461.

DISCLAIMER: All information given on this blog is largely based on technical analysis, which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making Investment Decisions. I/We am/are not liable and take no responsibility for any loss that you incure by trading / Investing on my/our recommendations.