Friday, October 16, 2009

Day Trading Recommendations For 16 Oct 2009

In case you are convinced that Sensex and Nifty still have 5 to 10% upside left before correction then do participate in day trading of strongly bullish scrips. But you must be very quick in taking trading decisions during the day and lock small profits. Consider the following scrips for day trading today:-

Nagarconst. Buy Oct Fut of Nagarconst at 174 and book quick profit by exiting around 178. Even with this small target you can make Rs 8000/- since the lot size is 2000. If the scrip comes down to 168.25 you can again buy and exit quickly at Rs 170/171. Finally you can buy again at 164/165.

HDIL. Buy Oct Fut of HDIL at 378/379 for a target of 384/385 and then 397/400.

LITL. Buy Oct Fut at 531/532 for a target of 544/550. In case the scrip shows lot of strength then you can get target of 563 and then 575/579. Going down, the level to enter trade will be 513/514 for quick profit of Rs 10/-.

ICSA. Buy Oct Fut of ICSA at 208/209 for a quick target of Rs 6/10.