Thursday, November 14, 2013

Trading Idea

1) PTC has moved up sharply on the back of good results. One should wait for a minor correction of  1-2% to initiate long position with Stop loss at 54.5 and target of 60-63 and 65.
2) SBI is facing stiff resistance around 1730- 1735  but today's last minutes action suggests that there is strong possibility of crossing it. Go long on SBI with SL 1710 and target of 1750-1800

No comments:

Post a Comment