Stock Picks for futures

[rk_m2000]

For this week following stocks are looking good. Trade after due research only.
1. VIDEOIND - Buy 225, Possible TGT: 242. SL: 223
2. SBIN - Buy @ 1988, TGT: 2128, SL: 1980
3. PETRONET - Buy @ 75, TGT: 80, SL: 74
4. INDIACEM - Buy @ 119, TGT: 126 SL: 117

 

[mintu_millionaire]

pal on what basis u decide these stock picks. please continue the good work. i've been lookin for a thread where we can discuss what futures to trade. its good to see that u've come up with few picks with very tight stop losses.

 

[rk_m2000]

I use icharts.com EOD charts. Mainly depend on their MACD signals and Pivot points.

 

[rk_m2000]

Except INDIACEM(Which made a low of 120.40 only), all stocks came to buy price and gave good upmove. I traded in PETRONET.

 

[shavya]

correction

Hi in my view as vix is below 20 markets across globe should fall badly.correct me if iam wrong

 

[rk_m2000]

This week I am of the opinion that markets may correct near the end of the week.

We also have a "chance" that NIFTY may see 5178 levels before any down move.

Any decisive up-move is possible only on crossing 5220 levels.

So, trade with caution.

My Picks for current week are,
1. BALRAMCHIN, Buy @ 110, SL: 109, TGT: 121
2. SUZLON, Buy @79.50, SL: 78, TGT: 86
3. DLF, Buy @ 311, SL: 308, TGT: 333
4. HDIL, Buy @ 314, SL: 310, TGT: 335

I feel one should follow strict stop loss during this week, we have been on the upward move since last many days.

 

[rk_m2000]

This weeks seems to be flat week, with most midcaps under performing. I have hit stop loss on balrampur chini and sold at 108 and booked loss.

Also, I have decided to pause futures trading for a while.

I will be able to post my stock picks after couple of weeks only.

 

[scplindia]

okay will wait

 

[rk_m2000]

No, I am trying it on my own. Not an analyst! yet.
1. I check for pivot values
2. I check for +ve trend and MACD cross overs in daily charts.