Position Trade
VSNL : If trade stays above 450, position may be taken for medium term with profit target of 509 with stop loss 430.
Day Trade
VSNL : 1. If it trades above 450, go long with stop loss 444.15 and position may be increased if it goes above 455 [swing high]. Profit may be optimised by managing the trade with trailing stop loss.
2. If overall market sentiment is weak, then go short with stop loss 455 and profit target 445. Position may be increased if VSNL goes below 444 and manage the trade with trailing stop loss with ultimate target of 431.
