Friday, July 6, 2012

IOC, BPCL, HPCL: SHORT TERM TRADES









Readers of this Blog would know that I am not a great fan of short term trading and have always felt that real wealth is created when you hold the right stocks for a long period. However, be that as it may, I am starting a new regimen wherein I would, purely on the basis of technicals and trending material inputs, put out short term trading ideas for the possible benefit of Readers of this Blog. All the best.

  1. INDIAN OIL CORP: BUY at cmp 269 for a target of 289 in about a month's time. Keep a stop loss at 255 on a closing basis.
  2. BPCL: BUY at cmp 764 for a possible target of 800 in a month's time. Keep a stop loss at 751 closing basis.
  3. HPCL: BUY at cmp 344 for a possible target of 372 in a month's time. Keep a stop loss at 325 closing basis.

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