Watch out its "inflation friday" ....may 09th

Watch out for inflation figures today that may move the market. NIFTY is still rangebound and weak. Avoid trading NIFTY for sometime. We are also close to our downside targets now. We will have to see if these hold or market heads lower.

TODAY'S CALLS
INTRADAY
BUY IFCI - CMP:61.4 Target - 63.7, 65.7 (If closes above 63.7 hold this position for
next week)
SHORT JP ASSOCIATES - CMP: 267.6. Target - 250 SL - 274

FOLLOW UP ON YESTERDAY'S CALLS
PUNJJ LLOYD - Target 1 achieved. Target 2 missed by 15 paise :). Thats how close it can get
JP HYDRO - Target was missed 80 paise. SL was never hit. So both positions were covered in profits
We have initiated positional longs in BOTH CAIRN and IDBI. CAIRN hold for 287, 293. IDBI hold for 106, 107.4

Profited from the calls....Leave a comment....