Trading Ideas - 31/03/2010 & Trading Ideas you missed 30/03/2010 !! Previous disclaimers apply !

Following are the trading ideas for tomorrow:

·         Nifty short at 5265 for a target of 5240; stop loss at 5275

·         Patni Computers – Short at 538 for a target of 530; stop loss at 545

·         Areva T&D – Short at 303 for a target of 299; stop loss at 305

Ideas you Missed - To get these in your inbox drop an email to dewang@denip.in / nimesh@denip.in

·         Balrampur Chini – Buy at 93 for a target of 96; stop loss at 92.4 (3% return)

1.       Target completed with a day high of 96.5

·         Bharat Forge – Buy at 252 for a target of 259; stop loss at 249 (3% return)

1.       Target missed by 0.5ps with a day high of 258.5

·         Central Bank – Buy at 144 for a target of 148; stop loss at 142 (3% return)

1.       Target just missed by 0.7ps with a day high of 147.3

  

·         Bank of India – Long since 321 for a target of 331; completed target of 329 in cash and 331 in futures segment

1.       Target completed with a day high of 343.7

·         Cairn India – Short since 297 for a target of 293;  closed on 295.65 in the futures space & 294 in the cash segment

1.       Stop loss hit due to a day high of 303. Stop loss was set at 300

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