Tuesday, February 23, 2010

Trading Ideas - 24/02/2010 - Previous disclaimers apply !

Our chart updating server is facing issues today and hence the update to our charts will not be available possibly till tomorrow morning. However since tomorrow is railway budget following are some stocks that will react positively to a good rail budget

  •          Titagrah wagons
  •          Kalindee rail
  •          Texmaco
  •          Bartronics


Out of the following we would advise you to long Bartronics (CMP 152.6) for tomorrow but with a strict stop loss at 148.

Carried forward calls
  •          Bharti Airtel – Long since 276.5 for a target of 282. Closed at 280.8 today i.e. 23/2/2010
  •          Tata Steel – Short since 572 for a target of 562. Day low of 565 but closed at 576 on 23/2/2010


Rest of the story remains the same, remain bearish on Nifty but do not carry naked long /short positions  for both the Rail & Union budget. 

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