The Share price of Idea Cellular ahs registered a breakout from its resistance level of Rs 98.50- Rs 99 levels.
The momentum indicators remain in the rising trajectory and indicate strength in the current up-move.
We believe that the share price could enjoy good upside momentum in the short term and test levels of Rs 108- Rs 110 in short term.
We recommend Buying 1 lot 100 call cmp—4.80 and selling 2 lot 110 calls cmp--1.55 , Max Loss Rs 1.7 and Max Profit Rs .8.3 at 110 and Upside Breakeven at Rs.118
Friday, September 2, 2011
Tata Motors Ltd. CMP—Rs 742.30
Technical Outlook & Trading Strategy:-
The Share price of Tata Motors has been consolidating in a narrow range of Rs 695--Rs 740 for the last few session.
With today’s movement the share has closed above this consolidation range. It has also has closed above its short term moving average.
We believe the share price could head towards the level of Rs 765 /Rs 780 in the near term.
We recommend traders to buy at current levels with a stop loss placed below ` 721 levels.
Idea Cellular Ltd. CMP—Rs 99.95
The Share price of Tata Motors has been consolidating in a narrow range of Rs 695--Rs 740 for the last few session.
With today’s movement the share has closed above this consolidation range. It has also has closed above its short term moving average.
We believe the share price could head towards the level of Rs 765 /Rs 780 in the near term.
We recommend traders to buy at current levels with a stop loss placed below ` 721 levels.
Idea Cellular Ltd. CMP—Rs 99.95
Subscribe to:
Posts (Atom)