Intraday picks of 27th Jan'11 on VantageTrade

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Here are our Intraday Picks for the day!!

Go Long on Finolex Cables Limited @ Rs 51.55 (09:44 am)
Target @ Rs 52.15 & Stop loss @ Rs 50.95

Go Short on Corporation Bank @ Rs 571.70 (09:59 am)
Target @ Rs 561.22 & Stop Loss @ Rs 582.18

The update on the stocks as follows:


Finolex Cables Limited:
Go Long on Finolex Cables Limited @ Rs 51.55 (09:44 am) with a target price of Rs 52.15. The trend of the stock was weak and the call strength was weak, so we recommended to go short at 11:59 pm @ Rs. 50.60 with 51.22 as stoploss. The call was pretty good and the stock went down to 50.15 making a profit 0.69

Corporation Bank:
Go Short on Corporation Bank @ Rs 571.70 (09:59 am). The trend of the stock was down with full signal strength. It contiued this trend all day long, reaching our targets @ Rs.561.22. This call on Corporation Bank made a profit of 3.10% in a day.

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