INDIACEM:
Some amount of shorts covered in last few days. Getting support at Monthly VWAP.
I have taken longs in cash market at 105-106 – My stop loss is 98. Futures position can be considered above HVN/Monthly VAH of 109 with stop loss at 106/107
Also in general cement sector is looking positive with AMBUJACEM closing at 52wk high.
IDBI: (Thanks Sanjay for reminding me of this one yesterday) Short term it could see a bounce to 126. Monthly VAL 124. Monthly VWAP 124.4
If it takes out the HVNs @126-127, could become a good swing trading candidate for long with stop loss at VWAP of 124
There’s a short I am looking for in VOLTAS. Yesterday it had decent fall with 18% OI increase. But we need to wait till 203-204 for a good entry for swing trading this one on short side – SL would be 206.
