Trading Calls- NCC, Union Bank & Motherson Sumi No ratings yet.

Nifty Trading tips

Trade Date-26/06/2018

(1) NCC: The stock has been witnessing profit booking since last few sessions and still looks weak. Any break below 96 may again trigger fresh sell off in the counter.

Technical pattern: Below 50-DMA
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <96 100 92 89

 

(2) Union Bank: The stock has been drifting lower over past few weeks and is still languishing under bears’ grip. Fresh shorts may be initiated below the immediate support of 82 odd levels.

Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <82 86 79 72

 

(3) Motherson Sumi: The stock has broken down from an important support zone of 300-310 and looks weak in short term.

Technical pattern: Increase in OI
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <285 295 275 268

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Author: Traders' Chowk

27 thoughts on “Trading Calls- NCC, Union Bank & Motherson Sumi

    1. Market looks weak for tomorrow. May witness a gap down opening tomorrow and if that happens, you may get a chance to exit at profit.

  1. Good evening madam
    Biocon was a super call exited @594 today morning
    But stuck in ncc need to see ur values for tomorrow trades
    Ashok Leyland – Iam long buy@135.
    Sunpharma long @ 586 –
    Need ur opinion on the above two stocks
    Thank u
    Good night

    1. Ashok Leyland doesnt look appropriate for short term buying. Below 130, if it breaks, the stock may witness more lower levels. So, ypu may place SL @130.

  2. sunil hi-tech engineers bought at rs 12.5 for 8000 shares. Currently at rs 3.5. pls suggest urgently I m loosing heavily

    1. Extremely weak stock and may remain under selling pressure in medium term. Just try to exit in case a lucky bounce back happens in this counter. Better to invest in quality stocks, this one is not for investment.

    1. Place a strict stop loss@56 for your position, Any break below 56 may take the stock to more lower levels.

    1. Ceat looks weak in short/medium term. However, it may witness a bounce back but overall trend is down and the stock is more suited for shorting. 1385 is an important support level, which if broken may trigger fresh selling in the counter. In my opinion, it is better to exit ceat in any bounce back.

  3. I purchase 2000 PNB share at price @ 82.45 and 1500 Rcom share at price 15.15 and 3500 idbi share at price 58.45 what will do next sir, please suggest me.

    Thankss a lot sir for giving me response.
    I am waiting your answer sir.

    1. PNB is looking very weak in short/medium term. In my opinion, it is better to exit this stock in any bounce back towards your buy price.
      RCOM- Not a stock for investment . For trading also, the volatility associated with the stock makes it very risky. Better to exit the counter.
      IDBI Bank- Looking very weak in short/medium. Consider exiting the counter in any bounce back.

    1. Tata Motors is not worth buying as of now as the stock may fall more in medium term. Infy looks good followed by TCS.
      Vedanta may witness a bounce back if 220 level is with held in coming week. and the bounce back may be used as an opportunity to exit the stock, if you are holding it. Overall, the stock looks weak. Not suitable for fresh buying

  4. I’m holding kwality@32, Qty 3500 should I hold or exit for a short term, I’m waiting for Bonus and dividend?

    1. Very weak stock and may fall further from hereon. Better to exit this counter. Even if you get the dividend& bonus & the stock falls by 10-15% more in coming sessions, it will not be a profit for you as your invested capital would also fall . All in all, no reason is valid for buying a weak stock!

    1. Jet Airways looks weak in short term. Try to exit the counter in any pullback. The stock may witness lower levels in short /medium term.

  5. Mam, I have 150 daawat shares at avg of 76.0 and 115 EIL at an avg of 144. Both with an holding period of 02 years. Shall i hold.?

    Also pls suggest any shares already bottomed out for fresh investment.

    Thanks Mam.

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