Tips for 18th June'07

If market remains bearish or trades with negative bias...

1. ESCORTS : Go short if it goes below 112.3 with stop loss 113.5 or days high whichever is less. Keep profit target 110.5, 109, 107.
2. EKC : Go short if it goes below 984.20 with stop loss 1004.25 or days high whichever is less. Keep profit target 960.5, 935.25.
3. IDEA : Take bearish view if it breaks down 115.2 ( previous day's low) and go short with stop loss 116.5 and keep profit target 113, 112, 111.15 and 110.6

If market remains bullish or trades with positive bias...

1. RELIANCE : Buy RELIANCE and take position intraday if it trades above 1680 with immediate profit target 1694, 1699 and 1708. If it crosses 1711 or closes above 1701, add further position and go for swing trading with trailing stop loss.
2. SBIN : Go long on intraday basis if it trades above 1335.1 with stop loss 1319.75. Keep profit target 1352, 1469, 1387 and 1400. If it stays above 1349 for some time, position trading is also possible and profit may be optimised by placement of suitable stop loss.