Credit Policy day....Highly uncertain...If the hike is only 25bps then one should try to open up some longs after the dip.
Apollo Tyre is moving and our targets remain intact at 75-78. Book partial profits near 75.
Auro Pharma short call targets achieved. Now stop 175 buy for 185
BPCL stop 625 sell for 610-605
Bhel stop continues to be at 1890 for longs
Cipla buy in dips with 320 as stop
HDFC partial profits booked in shorts at 645 and book the remaining near 635 our target. Reduce stop to 660.
Hindalco below 181 our target was 171 which has nearly been achieved. 171 should hold for some time. Break of 171 will take it to 162
ICICI Bank our target was 1020 and made a low of 1026 where partial profits have been booked. Book the remaining in the range of 1010-1020
IDFc all targets achieved.
Kotak 430 is crucial
Ranbaxy above 545 stop 540 buy for 555
Raymond stop 395 sell in rallies for 370
TATA Motors above 1000 stop 990 buy for 1030
DLF stopped
Yes Bank target achieved.
Happy Trading!!!
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