Though market held up and closed above 4950, we are not yet very comfortable with it. We will still have a rally upto 5150 levels post which we can expect some down move again. For the moment, we will go long with smaller targets in mind.
POSITIONAL
BUY NIFTY target 5150. SL - 4900 (Closing Basis)
INTRADAY
BOMBAY DYEING - CMP - 924.2. BUY Target - 957, 980
HDIL - CMP - 733. BUY For targets - 749, 755, 780. SL - 717
RCOM - BUY ABOVE 555 Target 566, 573, SL - 543
FOLLOW UP ON YESTERDAY'S CALLS
SATYAM - Both targets achieved
Reliance - Opened below our stoploss hence no trade
Tuesday, May 13, 2008
Not a great upmove...May 13
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