Trading Calls: Jubilant Foodworks, Tata Motors & Idea Cellular No ratings yet.

Trade Date- 27/04/2018

(1) Jubilant Food works: The stock is in an intact uptrend and looking very bullish in short term. The counter may be bought above the threshold levels 2541/- for targets mentioned below.

Technical pattern: Uptrend

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >2541 2480 2595 2640

(2) Tata Motors: The stock has repeatedly failed to establish grounds at higher levels and is exhibiting a weak chart pattern which signals at lower levels in coming sessions.

Technical pattern: Bearish Candlestick

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <325.70 332 320 316

(3) Idea Cellular: The stock has been over weighed by the shorters and still looks weak. Any break below 67.50 levels would further trigger a fresh supply in the counter taking it to lower levels in this series.

Technical pattern: SMA crossover

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <67.50 69.00 65.5 63

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Author: Traders' Chowk

51 thoughts on “Trading Calls: Jubilant Foodworks, Tata Motors & Idea Cellular

  1. One things need to be confirmed
    If any called triggered & not active targate 1 within 2-3 day. how many day we will hold the same

  2. Hi, have 2 issues
    1. Book 2 rs. In ashok at 162 it gone to above 166. Cmp is 162. Can i enter again
    2. Idea result is neg. Cmp is just above ur prescribed price. Can i place ur price before opening the trading or need to wait until the trade opens?
    I am a part time trader. I did 2 trades only so far of ur tips and made decent amount. I appreciate of ur technical strategy

    1. Ashok Leyland was given a buy at 160 odd levels and it has already met its target, so the call stand closed.

      Idea has been suggested a sell. In my opinion, to open short position in the stock, you shall wait until the trade opens because sometimes the stock show great amount of volatility in preopen before it stabilizes to find a trend and in that mayhem, you might get stuck at wrong levels. So, its prudent to be patient & stick to the levels

      Thanks for the valuable feedback.

  3. Hi, have 2 issues
    1. Book 2 rs. In ashok at 162 it gone to above 166. Cmp is 162. Can i enter again
    2. Idea result is neg. Cmp is just above ur prescribed price. Can i place ur price before opening the trading or need to wait until the trade opens?
    I am a part time trader. I did 2 trades only so far of ur tips and made decent amount. I appreciate of ur technical strategy

    1. Ashok Leyland was given a buy at 160 odd levels and it has already met its target, so the call stand closed.

      Idea has been suggested a sell. In my opinion, to open short position in the stock, you shall wait until the trade opens because sometimes the stock show great amount of volatility in preopen before it stabilizes to find a trend and in that mayhem, you might get stuck at wrong levels. So, its prudent to be patient & stick to the levels

      Thanks for the valuable feedback.

  4. Mam..Plz share ur views on bata india for may series..Also give an appropriate tgt, SL n Entry price

      1. Thank you mam for your reply. I am holding call option for 320. Is that fine for short term or I should move immidiately to other counters?

  5. I think its 820 call option. Since options derive their value from underlying only, the levels mentioned would remain the same and once cash stop loss is hit, you may consider exiting your call option too.

  6. need advice on Maruti. I bought 50 @ 9050 pls suggest what do i do. I am a short term investor.

    1. Maruti is not looking very bullish in short term. The immediate support for the stock is at 8710 odd levels , once the stock breaks that on closing basis, the selling spree may gain more momentum. If this level is sustained, you may hold your position for may series.

    1. The stock may be shorted not at current levels but at below mentioned levels:

      Axis bank may be shorted below 510 odd levels for target of 504/497. ICICI may be shorted below 279.70 odd levels for targets of 273/268 levels. These are short term targets.

  7. DHFL has show a good volume upmove in recent 4-5 trading session. The stock may witness some amount of profit booking in short term , but I think out of all the stocks, it is not the appropriate stock to go short.

  8. Sorry for asking one more question. I am a bear and play only short calls. Which all counters in F&O segment do you think are weak and safe to go short. Pls list 5-6 if not inconvenient pls. Thanks

  9. Dear mam
    I am hoping 200 nos of pcjwellery brought @330
    Now it is 144
    Shall I average it or wait for Little more down to average it.
    Or exit and buy at again at low.
    Is their any possibility to bounce back soon.

  10. The stock is looking very weak. Not a right time to average this stock, as the stock may see further downfall. You may consider exiting, instead and if you want to buy it again in future then stock has to be reviewed again after sometime. As of now, it is a SELL.

    Bounce back may happen sometime later, but as of now, chances are less.

  11. The stock has immediate support at 960 odd levels, if it goes below that level, it may shed some more in short term. You may put a stop loss at this level for your position.

  12. Hi, as per ur calls bharti reached 399. And tata 329. Can i consider both calls r active? Pl. Advice

  13. Hi, happy to inform u , i book profit in idea and can fin. In can fin not yet reached first target. Can i short again at around 412?
    Pl. Advice

    1. Hello Rahul,
      HPCL is looking very weak and more suitable for shorting below 289 odd levels for targets 282/273 odd levels.
      IOC is also looking weak and may be shorted below 157 for targets of 153/146

  14. Entry level in Mindtree @1086. Plz advise me with a positinal Sl? Or if I can add one lot to get my price. Don’t want to book heavy loss. Also today result of niit tech so it can have an impact on the whole IT SECTOR…PLZ REPLY MAM. THANKS. GUIDE ME

    1. Mindtree has entered in a profit booking mode in short term. The supply may further increase below 1000 odd levels and may drag the stock to 980/975 odd levels. So, not a time to average the stock.

      You may hold with SL at 998 and yes as u said, results may impact the whole sector, but that is something which will be known after the results are announced so , just focus on the technical levels, as of now.

      1. As per the closin of Mindtree today, what do u think. Has it reversed from the sellin pressure and can I get my cost price?

        1. Hello Khyati,
          Mindtree still looking weak below 1000 odd levels. Place a stop loss @1000 for your futures position.

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