Calls were given here http://www.wolfewave.in/2012/04/nifty-tidy-waters-ahead.html on 24th April, 2012 and here is how they look today on chart
BHARTI AIRTEL - BUY above 305 , STOP 280 , Target 375, 400, 425, 440 - Duration 90 days
STATUS - ACTIVE
RELIANCE COMMUNICATION - BUY 78 , STOP 73 , Target 93 - Duration 45 days
STATUS – STOP LOSS HIT
RELIANCE INFRA - BUY 530 , STOP 515 , Target 605, 620 - Duration 15-20 days STATUS – STOP LOSS HIT TATA MOTORS - SELL 310 , STOP 325 , Target 255 - Duration 15-20 days STATUS – Hold , Do not enter new trade TATA POWER - SELL 102 , STOP 109 , Target 90 - Duration 2-4 days (could be Intraday as well) STATUS – Target Hit (Closed) TATA STEEL - SELL 463 , STOP 481 , Target 415 - Duration 15-20 days STATUS – Target HIT (Closed)
When I said that TATAMOTORS will go down to near 255 levels than people asked me really – 18% ? Can it go down that way, I was calm and said – yeah :) Today after many days of gradual decline it had fallen suddenly near 7% and holding it there… I won’t suggest new entrants now but continue holding your existing sell positions. Here is the current position of the profit and loss. Continue holding BHARTIARTL and add more near 295-300 levels with a STRICT STOP @ 280
4 trades closed and only 2 running… one at cost while other in deep profit… take some profit and wait with the rest in hand
I had given the target of 90 in TATAPOWER, day’s lowest point today is 90.70 which is just 0.70 point above. I am considering this trade closed and target met. Please close all your trades in TATA POWER. It may go down further but the trade is done.
Here is another update on the status of calls… TATASTEEL made a low of 414.25 while the target was 415, it touched it in exact 15 days after the call was given. Rest other calls are in good profit too except Bharti which is dragging due to entire market sentiment. Keep holding Bharti and take some profit in TATAPOWER while continue holding TATAMOTORS
My first attempt to give stock specific calls… though I did not traded them I shared them for people who had asked for it. They were in much more profit at the opening but I am giving you the status of them at present. Keep holding the in profit positions and close the stop loss hit ones if not done already
Go play with strict Stop Loss levels… TATA POWER can be played intraday as well…
RELIANCE COMMUNICATION - BUY 78 , STOP 73 , Target 93 - Duration 45 days
RELIANCE INFRA - BUY 530 , STOP 515 , Target 605, 620 - Duration 15-20 days
BHARTI AIRTEL - BUY above 305 , STOP 280 , Target 375, 400, 425, 440 - Duration 90 days
TATA MOTORS - SELL 310 , STOP 325 , Target 255 - Duration 15-20 days
TATA POWER - SELL 102 , STOP 109 , Target 90 - Duration 2-4 days (could be Intraday as well)
TATA STEEL - SELL 463 , STOP 481 , Target 415 - Duration 15-20 days
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