ACC and HDFC BANK Follow up

The tale of a long and short trade

              I had recommended two stocks in my weekly outlook.

One was for long trade and other was for short trade.

ACC  long rocked as the stock went through the roof after coming to entry point.

HDFC bank reached the short trade entry point and crashed like nine points

to the target given.

A whooping profit of Rs. 20,000 with a single lot trade in each future.

As usual readers who followed us printed the almighty dollar !!!!

Read: ACC & HDFC

NEXT: NIFTY FUTURE OUTLOOK

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss

Indian Stock Market Weekly Outlook

Stocks to watch for this week




ACC (CLOSE : 989)


       Long Entry Point : 975
       Stop Loss: 959.80
       Targets : 1008, 1040, 1060


       Short Entry Point: 959
       Stop Loss: 975
       Targets: 925, 898




HDFC BANK(CLOSE:2333)


        Short Entry Point : 2370
        Short Stoploss: 2400


        Targets: 2310, 2250


        Long Entry Point: 2400
        Long Stop Loss : 2370


       Targets: 2465, 2500.




NEXT: NIFTY FUTURE WEEKLY OUTLOOK


Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss

Nifty Outlook 15-July-2009

Flashback

Readers who went long near 4035 as i had writen would have printed out the almighty dollar as nifty moved to 4135, just 5 rs shy of third target of 4140.

Bear Level

Short nifty future around 4205 with stoploss at 4235 for targets 4165, 4135, 4095.

Bull Level

Buy nifty future around 4070 with stoploss at 4043 as stoploss for targets 4135, 4165, 4205

Herohonda - Darling of Bulls

Buy HEROHONDA future at 1395 with stoploss of 1380 for targets 1435, 1450, 1475.

HDFCBANK - Sweetheart of Bears

Short HDFCBANK future at 1382 with stoploss of 1400 for targets 1325, 1295, 1250.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.