Intraday Picks (25th Jan’11) on VantageTrade

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Here are our Intraday Picks for the day!!


Go Long on Advanta India Limited @ Rs 356.00 (09:22 am)
Target @ Rs 362.34 & Stop loss @ Rs 349.66


Go Short on Nava Bharat Ventures Limited @ Rs 321.45 (10:06 am)
Target @ Rs 320.25 & Stop Loss @ Rs 322.65


The update on the stocks as follows:


Advanta India Ltd:

Go Long on Advanta India Limited @ Rs 356.00 (09:22 am) with a target price of Rs 362.34 but. Even though the stock price was rising in the beginning, it started falling again soon after, so we recommended to go short at 12:09 pm @ Rs. 356.50. This was the right trend. With a high signal strength it reached our targets @ Rs.349.92 making 1.82% of profit at end of the day.


Nava Bharat Ventures Ltd:
Go Short on Nava Bharat Ventures Limited @ Rs 321.45 (10:06 am). The trend of the stock was down with full signal strength. It contiued this trend all day long, reaching our targets @ Rs.319.04. The stock price rose a little after reaching the targets. But even if you squared of exactly end of the day, your profit would have been 0.30%.

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