Trading Calls-Apollo Hospital, Indian Oil Corporation & Ultra tech Cement No ratings yet.

Nifty Trading tips

Trade Date- 24/05/2018

(1) Apollo Hospital: After many tumultuous series with no clear sense of direction, the stock has finally emerged  with a inverted cup and handle pattern which indicates lower levels in the counter. The stock may be shorted below the 955 odd levels for below mentioned targets.

Technical pattern: Inverted Cup & Handle
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL
<955
972
940
911

 

(2) Indian Oil Corporation: After a gap down opening and a weak follow through session, the stock ended in red, down below all major support levels. The counter still look very weak and may be shorted below 152/- for targets mentioned below

Technical pattern: OI increase+ Increase in price
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL
<152
157
146
141

 

(3) Ultra Tech Cement: The stock is trading below  its 50-day SMA and has given a bearish crossover signal which indicates more lower levels may be witnessed in the counter in short term.

Technical pattern: Bearish crossover
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL
<3688
3750
3650
3585

Disclaimer: All views expressed in this site are for reference only. Readers must consult their own investment adviser  before taking any investment/trading decision. We hold no financial liability to any user on account of use of information provided on this website.

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Author: Traders' Chowk

19 thoughts on “Trading Calls-Apollo Hospital, Indian Oil Corporation & Ultra tech Cement

  1. Bajaj Auto is not looking very strong in short term. If you are a short term trader , you may place stop loss at 2750 odd levels and hold your position.

  2. Hello Dr.Priyanka, let me know if Jub foods can be shorted at these levels as it seems to have run up a lot in the past sessions. Also can I long M&M at the current levels…your expert comments plz. Thanks

    1. Hello,

      Yes, Jubilant foods has run up a lot, but there are still no signs of weakness. In my opinion, it is not the right time & right stock to short.

      Regarding M&M, You may hold your long position if the stock goes above 850 in next 1-3 sessions. Stop loss may be placed at 829 for the May series.

  3. Hi good evening madam
    Can u please update me on
    Granules India it is down post result announce

  4. Good Evening,
    I had advised short for Granules at 99.5 levels for May series in this link – https://wp.me/p9ThaO-tF

    The call has already achieved its target and the stock still looks weak. Fresh shorts may be initiated below 81 odd levels.

    1. It may witness a bounce back but in my opinion, even in bounce back , your strategy shall be ‘sell on rise’ if you are already holding it.

        1. Good evening Priyanka
          Ur opinion on granules India
          Bounce and short was good
          Would like to know about KPIT
          FOR MONDAY
          thank u

          1. KPIT looks good above 176 odd levels. Long positions may be initiated above this level.

      1. Hi gm madam as u said granules it went down to 77 nowat 80
        Do u want to short it ::
        Ncc what is ur advice

        1. NCC is looking good in short term. Long positions may be initiated above 121 odd levels.

  5. One more query, has ACC bottomed out or can it still drift lower. Levels for long & short plz. Thanks

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