Intraday Picks (28th April’11) on VantageTrade

Commentary of our Intraday Stock Picks on social networking pages has been summarized here, to give you a glimpse of our calls. You can follow us on our social networking pages for live updates and calls. Following are the links of our pages:


Facebook
Twitter


Picks at top of the Intraday calls list on VantageTrade


Go Long on Balmer Lawrie & Company Limited @ Rs 586.00
Earlier Target Reached @ Rs.597.77


Go Short on Omaxe Limited @ Rs 134.90
Earlier Target Reached at 133.08


Summary on the movement of picks and siganls:


Balmer Lawrie & Company Limited:
The long call on Balmer Lawrie & Company Limited has posted a decent profit of 4.86% by afternoon. The performance of the call went on like this, there was a long call issued at Rs.586.00 with a target of 597.77 which was reached around 11:00 am. We kept on revising the targets as the stock went up to 627..50 It reached our last target @ Rs.627.18 which is very close to the day's high. A square off call was issued @ Rs 614. 50 as our system sensed a change in trend of the stock. The sqaure off call on this stock came at the right time as the price came down to 599.30 after the sqaure off call.


Omaxe Limited:
The strength of the short was strong and the stock price started sliding after the call. The movement of the stock was till 10:00 am and it started trading flat until afternoon. At the end of the market, the stock reached our targets @ Rs.132.32 making a profit of 1.97%.

Share