Monday, May 14, 2007

Tips for 15th May'07

Day Trade

BANKRAJAS: Trade long if it stays above 52.75 with stop loss 51.85 and profit target(1) 54.75 and target(2) 56.5. However, trade should be avoided or observed cautously if overall Bank Sector remains weak.

SBIN: Trade long if it stays above 1201.75 with stop loss 1196.75 and profit target(1) 1212.75, 1233.
Trade SBIN short if it goes below 1196.5 with stop loss 1204.15 and profit target(1) 1181.25, target(2) 1167.