Intraday Picks (08th June’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:


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Picks at top of the Intraday calls list on VantageTrade


Go Long on HDFCBANK @ Rs.2360.10
Target @ Rs.2374.60 & Stop loss @ Rs.2345.60


Go Short on AMARAJABAT @ Rs.208.70
Earlier Target reached @ Rs.207.44;New Target 206.81


Summary on the movement of picks and siganls:


HDFC Bank Limited:
The performance of the call went on like this, there was a long call issued at Rs.2360.10 with a target of 2374.60. The strength of the call was pretty strong and the stock price continued to rise and by the afternoon, it went close to the target price by reaching 2372.00. But, the price started falling towards the close of markets. It closed with a minimal loss of 0.47% end of the day.


Amara Raja Batteries Limited:
The stock price started dropping immediately after the call as the call strength was fairly strong. The stock traded below the call price at any given time during the market hours. We kept on revising the targets as it reached our targets one by one. Though the stock price tumbled during the close of markets, it manged to close with a profit of 2.40% end of the day.