Tuesday, May 15, 2007

Strategy for 16th May'07

If market environment stays with negative bias.............

CIPLA: Go short if opens negative with stop loss 213.45 and keep profit target (1) 208.85 and profit target (2) 206.25 and target (3) 201.20.

If market environment continue with positive bias go for momentum trading.............

BHEL: Go long if it stays above 2500 with stop loss 2483 and profit target (1) 2570, target (2) 2590.