Intraday Picks (12th Jan’11) on VantageTrade

Summary of Live Intraday Calls & comments posted on our social networking pages.


The following are today's Intraday Picks:


Go Long on Cairn India Ltd. @ Rs 337.40 (09:33 am)
Target @ Rs 340.85 & Stop Loss @ Rs 333.95


Go Short on NIIT Ltd. @ Rs 55.25 (09:36am)
Target @ Rs 54.85 & Stop Loss @ Rs 55.65


The update on the stocks as follows:


CAIRN INDIA LTD:


Go Long @ Rs.337.40 at 09:33 am. The trend of the stock continued with good strength and it reached our targets @ Rs.340.85 making a profit of 1.08% by end of the day.


NIIT:


There was short call on this stock @ Rs. 55.25 @ 9:36 am. As the trend of the stock was changing, we suggested to go long @ Rs.56.45 and it reached our targets @ Rs.57.10 making a profit of 0.97%

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