Thursday, October 15, 2009

Trading call for 16th October 2009

BUY SUZLON at 89.15 with a target of 100 keeping stoploss at 85.1. Daily chart of SUZLON is attached below. SUZLON is trading within the wedge marked with yellow lines. Today's trade shows a volume spurt. RSI is also at its lowest point of 36.


Update of open positions:


Sterlite, ING Vyasa Bank and Ashok Leyland achieved their targets today. Sell Sterlite. The next targets for INGVYSYABK and ASHOKLEY are 330 and 47.5 respectively.

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