F & O trends for 21 Aug 2008
Long build up
1. indiaInfoline -- Already ppl on some other thread taken juice out of it.... lets see how it behave today...
2. HDIL -- For longs keep stp loss 397.. if u can take risk then keep stp near 395.. once 414 is taken out can go upto 424.
3. Rolta
Short build Up
1. SatyamComp-- Shrt if it goes below 398 only.. otherwise it is taking support from there from last 2 days
2.AxisBank
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BongaiRefn -- Fell 10 % yesterday.. I think the stk has gone Ex-Dividend yesterday..... dividend announced is 50%.... it announce such dividends from last couple of years....... every time in correction it fell up to 48 - 42 levels... where only on dividend basis risk free tax free return become more than 10%...keep an eye on it today..
Happy trading,
Chintan786
Long build up
1. indiaInfoline -- Already ppl on some other thread taken juice out of it.... lets see how it behave today...
2. HDIL -- For longs keep stp loss 397.. if u can take risk then keep stp near 395.. once 414 is taken out can go upto 424.
3. Rolta
Short build Up
1. SatyamComp-- Shrt if it goes below 398 only.. otherwise it is taking support from there from last 2 days
2.AxisBank
------
BongaiRefn -- Fell 10 % yesterday.. I think the stk has gone Ex-Dividend yesterday..... dividend announced is 50%.... it announce such dividends from last couple of years....... every time in correction it fell up to 48 - 42 levels... where only on dividend basis risk free tax free return become more than 10%...keep an eye on it today..
Happy trading,
Chintan786