The following are today's Intraday Picks:
Go Long on HT Media Ltd. @ Rs 146.65 (09:45 am)
Target @ Rs 148.95 & Stop Loss @ Rs 144.35
Go Short on Prism Cement Ltd. @ Rs 49.25 (09:43 am)
Target @ Rs 48.67 & Stop Loss @ Rs 49.83
The update on the stocks as follows:
HT Media Ltd:
Go Long on HT Media Ltd. @ Rs 146.65 (09:45 am) The stregnth of the call was weak and there was a change in signal. Go short @ Rs. 147.00 at 10:57 am. The call continued with good strength and reached our targets @ Rs.142.43 making a profit of 2.72%.
Prism Cement Ltd:
Go Short on Prism Cement Ltd. @ Rs 49.25 (09:43 am). The stock went down and the target was achieved at Rs. 48.67 and soon there was a change in signal on the stock which was not so profitable. At 2:28 pm there was a short call on the stock @ Rs.49.50 and it reached our target at Rs.48.94 making a profit of 1.41%