Sunday, May 27, 2007

Strategy for 28th May'07

Position/Day Trading

IDFC : Go long if it goes above 113.5 and stays some time, with stop loss 110.50 for intraday trading and 106.85 for position trading. Profit target(1) 115.05, target(2) 119.15. If it goes above 119.5, then take it in delivery for short/medium term.

BHARTARTL : Go long if market environment remains positive and as long as it stays above 820 and maintain stop loss 799.75. First profit target 837. If it crooses 838 i.e. previous day high, add position further and go for next profit target 866. Either intraday or swing trading may be done looking at overall market sentiment.