A query on MTNL and Hindalco was posted for technical reference:
MTNL: The stock has given the best place to short. Short the futures with stop loss at 75 for the targets of 66 and 58.
Hindalco: Please avoid entering the stock if the low of 50 is protected. Please wait for some upside to short the stock. If the stock manages to close below 50 for 2 successive days, then short the stock for the target of 30.
Also Rolta can be shorted with the stop at 184.
Tata comm was given short in our blog on 16th to short near 493 for the target of 456. The stock achieved the target with a low of 435. Hope all would have ride the profits.
Please post your queries on stocks in the comment coloum which would be replied back the successive day.
Happy Trading
Samm Inc
Wednesday, November 19, 2008
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