INTRADAY OPPORTUNITIES 21-JUL-11

  SHORT TRADES :

Below are the list of stocks looking very weak. We can use these stocks for shorting the market on Intraday basis. Each stock express their weakness with various technical indications.

Entry, Stop Loss & Target can be identified during market hours.

CANARA BANK – Has just broken the previous day’s high and reversed. Go Short.

AMBUJA CEMENT– Has just broken multiple previous days high and reversed.  Also Volume is greater comparing with previous day’s volume. Go Short

HINDUSTAN CONSTRUCTIONS: It has given back half of its previous day’s gain. That is a reversal confirmation. Go Short

RELMEDIA – It has touched significant high (July 4) but could not break the barrier & dropped back to its open price. Go Short

STERLITE INDUSTRIES - .It had gapped up open yesterday and closed below yesterday’s close. Volume is also higher comparing with previous day. Go Short

CONTRARIAN DAY TRADES – GO LONG

Entry, Stop Loss & Target can be identified during market hours

FINANCIAL TECHNOLOGIES – This stock is taking support at its 50% Fibonacci level. There is a high probability that it reverses from this level. Go Long.

NAGARJUNA FERT – This stock is taking support at its previous resistance. Volume is also very light comparing to yesterday’s volume.  Go Long.

Hero Fayaz
http://www.tradingtowealth.com/