Trading Calls- Aditya Birla Capital, Jet Airways & Bharti Infratel No ratings yet.

Nifty Trading tips

Trade Date- 22/06/2018

(1) Aditya Birla Capital: The stock has been losing buy side momentum since last few series and still looks very weak. Any break below 135 odd levels may again take the stock to new lows.

Technical pattern: Bearish engulfing
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <135 139 131 125

 

(2) Jet Airways: Ever since the stock has entered into a distribution mode, the stock has been losing demand on a continuous basis. Every bounce back in this counter is being sold into and this trend may continue in short/medium term.

Technical pattern: Distribution pattern
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <367 375 358 348

 

(3) Bharti Infratel: The stock has broken down an important support level placed at 290 odd levels and looks poised for for downfall.The strong supply in the counter may again take the stock to lower levels in June series.

Technical pattern: Price breakdown
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <274 282 268 261

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Author: Traders' Chowk

35 thoughts on “Trading Calls- Aditya Birla Capital, Jet Airways & Bharti Infratel

    1. RCOM looks weak below 14.00 levels. Better suited as a sell if it breaks 14.00 odd levels.

  1. I have less investment.by using bracket order I am.able to do intraday for futures ..above scripts what to kept stop-loss …

    1. Stop loss is already mentioned in the blogpost. Again, if you have less capital, taking intradafy futures might be very risky for you. You may consider taking positions in cash segment. instead.

  2. I bought avanti feeds 100 at 1610 per share. 26 th is record date for split and bonus. Should I hold till 26th or not. Ur view on stock for next week.

    1. Your holding period is very less for any significant move to take place, but yes, the stock may witness some selling pressure in the said period. Again, if the stock is entitled for bonus share, you shall consider holding the stock, once you get the bonus share and split happens, then you may consider exiting at right levels.

  3. I purchased avanti feeds 100 shares @ 1610 per share. 26 june is record date for split and bonus share. Should I hold it or not. Will it go up on 24th n 25th

    1. Your holding period is very less for any significant move to take place, but yes, the stock may witness some selling pressure in the said period. Again, if the stock is entitled for bonus share, you shall consider holding the stock, once you get the bonus share and split happens, then you may consider exiting at right levels.

  4. I bought 1 lot hindalco Jun fut @244 few days back. Should I hold it until expiry or exit at the earliest

    1. In my opinion, you shall try to exit in any bounce back , if happens. Also, place a stop loss@218 which if broken before expiry may take the stock to more lower levels.

    1. In my opinion, you shall focus at getting back your premium at the earliest, as there are only 4 sessions left to expiry and the 9200 CE is still out-of-the money. The buy option loose their value at an accelerated pace nearing expiry as time decay (theta) evaporates more quickly. The probability of profiting looks less.

      If a lucky intraday spurt of 4-5% happens before expiry, then you may get a better chance to exit , but that is just a vague possibility! it is better to keep probability at your side.

  5. I have bought Jain irrigation at 148 now it is 93 RS plespl let us Know wheater I can keep as it is or sell

    1. Jain irriagtion is looking weak. In my opinion, you may consider exiting at current levels or in a bounce back.

  6. Hi Mam,
    Have position in june futures of jubil food @1395 on 22nd. . Is there any effect of bonus issue on monday. Pl. Advise. So that i can react as soon as open the market

    1. Bonus issues generally work as a positive news flow, so in most cases when bonus issues are announced , prices generally moves up. However, there may be some exceptions.

  7. Hi Msm,
    Have 9300 maruti call 3 lots @11.6 . Can i exit or not. Right now it is around between 5 and 6
    Pl. Advise

    1. In my opinion, you shall focus at getting back your premium at the earliest, as there are only 4 sessions left to expiry and the 9300 CE is still out-of-the money. The buy option loose their value at an accelerated pace nearing expiry as time decay (theta) evaporates more quickly. The probability of profiting looks less.

      If a lucky intraday spurt of 5-6% happens before expiry, then you may get a better chance to exit , but that is just a vague possibility! it is better to keep probability at your side.

    1. The stock does not look strong enough. In my opinion, you shall consider exiting and getting back your premium.

  8. Good morning madam wish u all the same
    And I would like to know the trading advice on biocon
    Bought at 330 one lot
    Please advice
    I would like to congratulate you on your excellent tips

    1. Thank you , Naveen. Biocon at 630? You may hold it with stop loss at 616 odd levels. Looks strong above 634.

    1. Deep industries is looking very weak in short/medium term. The best strategy would be to exit this stock in any bounce back, if witnessed. The stock may drift lower to much lower levels.

  9. I am holding 550 shared of Ananttaj Ndustries Ltd. @ 55-00. Can I hold for more than one year.

    1. Hello Naveen,

      Thanks.

      Ashok Ley- Fresh buy may be initiated in this counter above 134/135 odd levels on closing basis.

      Sail- Not suitable for fresh buying.

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