Exit NRB Bearinig in Profit - Trading Currently @ 179.40 (Intraday Buy was recommended @ 177.20 to 178.10) & continue with Hero Moto Short (STBT/Positional) as recommended
Sell Hero Motocorp in STBT/Positional for target of 2756. Enter around 2792.80 to 2806.80
Buy NRB Bearing in Intraday for target of 189.65. Enter around 177.20 to 178.10
Buy India Cements in Intraday for target of 260.50. Enter around 251.75 to 253.35
Buy Kitex in Intraday for target EOD. Enter around 226.75 to 227.85
Buy BBTC in Intraday for target of 949.90. Enter around 929 to 933.65
Buy Allcargo Logistics in Positional for target of 408.75. Enter around 379.65 to 381.55 & on any substantial dips. Target likely to be hit in the next 2-3 trading days.
The morning's Intraday Short View in HDFC AMC can be carried forward as a positional short with Target of 1990.50. More short positions can be created around 2040 levels. Link attached for reference
Buy ABB in Positional for target of 3447.10. Enter around 3359.30 to 3376.15. Yes I stil feel that it's in overbought zone And this view may seem to be contradicting my earlier view. But what remains equally true is the fact that it is unlikely to fall before hitting 3447.10. In markets between ego & money, it's always the latter which should get precedence!
Sell HDFC AMC in Intraday for target of 1990.90. Enter around 2026 to 2036.10
Won't be a surprise at all to see the Nasdaq 100 breach it's current 52 week lows of 11,037 in the near term. Has great support around the 10,000+ levels. Any decent upside on a given day could provide an excellent opportunity to short the index. Watch this space for more!
Sell TVS Electronics in Intraday for target of 308.95. Enter around 315 to 316.55
Aggressively Sell ABB in Positional for target of 3192.50. Enter around 3385.20 to 3402.10
ABB can witness profit booking at current levels & above. Sell ABB in Positional for target of 3196.40. Enter around 3246.40 to 3262.60. Target likely to be hit in the next 2-3 trading days
Buy TVS Electronics in Positional for target of 298.30. Enter around 279.70 to 281.10. Target likely to be hit in the next 2-3 trading days
Sell Bombay Burmah in Positional for target of 896.85. Enter around 917 to 921.55. Target likely to be hit in the next 2-3 trading days
Update on Positional Shorts:- Aggressive Traders may continue with Short Positions in Sunteck, Alembic & Manali Petro. Links attached for reference. The Jackson Hole Meeting in the US concludes on August 27. The next 3 days leading upto the event maybe highly volatile & the Indices could dip significantly in the run up to this event (which could lead to the...
Sell Manali Petro in Intraday/Positional (STBT) for target of 91.30. Enter around 92.40 to 92.85