Short term Futures trading strategies: 16-01-2015 No ratings yet.


IDFC has broken out of a rectangle in daily charts and has given a bullish engulfing pattern on weekly charts. The strong bullish engulfing suggests that the stock has more strength on upside. Any dips towards 161-163 may be utilized as an opportunity to buy. The trade plan for IDFC is as follows:


Trigger Price 1 161-165 Range
Trigger price  2 >169.50
Target 1 175
Target 2 181


The stock has been trading in a narrow range for quite sometime. In addition, the narrow neck of Bollinger bands in daily charts suggests a strong move in near term. The trade plan for Titan is as follows:


 Trigger Price >378
Target 1 385
Target 2 391

 3. LIC Housing Finance:

A tight consolidation on daily charts suggests that the stock is ready for a fresh up move. Any break above the resistance levels of 472 may take the stock to the levels 490 odd levels.

LIC B.bmp

Trigger Price 1        460-465 Range
                                      Trigger price  2            >472.50
                                        Target 1               482
                                        Target 2               489


The terms used is respective trade plan has been explained here.

DISCLAIMER: This site has been designed for informational and educational purposes only & does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced upon the site.  The views are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. We do not accept any liability/loss/profit occurring from the use of any content from this site. All readers of this site must rely on their own discretion and consult their own investment adviser.

Please rate this

Author: Traders' Chowk

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.