What to Trade Next Week?

Market remained in range bound from last few weeks between 7500 – 7800. We are expecting this range to breach anytime in Aug or Sept. We are suggesting to be on long side for coming few months. However stock picking is very important. We are suggesting to be long in market with mix of Power and Oil Stocks.

Our last call for Bank of Baroda has achieved our target price of 910 twice last week. Hoping you all have   booked your profits.

Fresh Trade to Open:

IOC CMP 338 for the Target Price of 370

Previous Open Trades:

ALL Bank call given at 141.75 for the TGT Price of 150-160

Closed Trades: ITC Call given at 331 CMP at 357. TGT AchievedHDFC Call given at 983 CMP at 1067. TGT AchievedBank of Baroda  CMP 862 for the TGT Price of 910+. Target achieved in within 30 days.