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Tuesday, 21 May 2013

L&T

L&T

Tomorrow (22/5/13) Larsen & Toubro's result are coming. And all our paid subscribers are sitting on short positions from 1636 (from Monday) with stop-loss @ 1645 on closing basis.
Tomorrow fresh short positions (positional) can be initiated if 1625-1628 levels are seen for the targets of  1590, 1560, 1532, 1495,  1478, 1424, 1385, 1329 with stop-loss @ 1645.
Initiate longs in LT if it gives a close above 1645 for the targets of 1660,1688  with stop-loss @ 1636 on closing basis (Positional).


And for tomorrow intraday trading levels are as follows:

Initiate long if it stays above 1630  for 3-5 minutes then
R1 :  1645     R2:  1666    R3: 1686   R4: 1707    R5: 1728

Initiate short if it stays going down below 1585 for 3-5 minutes  then
S1 :  1565     S2:  1545    S3: 1525  S4: 1506    S5: 1487

Please do not mix intraday trades with positional trades.


                          



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