Scrips on our radar

SHRADDHA SABURI
Hello friends

Let me brief u a lil about the scrips on our radar towards which i am looking forward to take a trade.

1. Aban off shore : Structure seems positive to us, volumes favouring a buy. Only hurdle is a supply @ 758-763 zone, if cleared then expect a quick move upto 818 at least within a couple of days. Support lies @ 717-726. Since risk reward ratio not suggesting a buy here. Try buying closer to 712-716 band ( conservative ). Agressives can initiate a trade on a cross over of 762.

2. Grasim : Same is the case with grasim, volumes already there. Just waiting for it to cross 1840-1845 kind of band or a buy closer to its support 1790-1795. Agressive can buy on a crossover of a band of the above mentioned resistance band.

3.Igl - Its not a buy right now, but keep an eye on it. would come up with details on the weekend.

4.Patni computers - It is also not an immediate buy. Keep an eye on it.

5.Indian hotels - Looks like gearing up to hit our targets mentioned yesterday.

6. BEL - Had already mentioned as a buy candidate last week. Please wait for details.
All above trades are at a premature stage

Would come up with more write up about above mentioned scrips and also my approach to trading with a detail this weekend. Looking forward towards a co-operation.

DISCLAIMER - Please consider the content of this blog as an educative material only. Trades initiated on the write up in this blog are reader's responsibility.