Intraday Picks (4th Feb’11) on VantageTrade

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Following were our Top Picks @ 10:00 am!!


Go Long on Havells India Limited @ Rs 332.85 (10:04 am)
Target @ Rs 338.06 & Stop loss @ Rs 327.64


Go Short on Voltas Limited @ Rs 177.10 (10:02 am)
Target @ Rs 172.38 & Stop Loss @ Rs 181.82


The update on the stocks as follows:


Havells India Limited:
Go Long on Havells India Limited @ Rs 332.85 (10:04 am) with a target price of Rs 338.06.In the early hours of trade the stock price went up and reached our target. In the afternoon, the call price started falling and there was a change in call at 02:44 pm @ Rs.329.35 with a target of Rs.324.55. The stock price continued to fall and we kept on revising targets as it made a profit 2.26%.


Voltas Limited:
Go Short on Voltas Limited @ Rs 177.10 (10:02 am). The trend of the stock continued to continue and stock plunged deeply and reached our targets at Rs.172.38 making a decent profit of 3.27%.