Intraday calls for 13th September

Markets are getting extremely rangebound. Though we still continue to remain positive, chances are it may just go the opposite way as well. Market is giving no indications of a directional move and has been trading sideways for many days now. Its better to trade intraday in these market conditions than positional. The action is also very stock specific. We will pick up a few of these alone and keep trading light for the next few days until the direction becomes clear

1. Reliance Capital - Good momentum and upmove in this stock. BUY for a target of 1389. Stoploss 1300.

2. UTV soft - BUY above 582 for a target of 594.

3. ZEE Telefilms - Bounced from 299 levels exactly as suggested yesterday. For tomorrow, BUY above 310 for a target of 319. If it manages to close above 310, positional trades can be done for higher targets.