ONGC acts on the trigger while RCap stops out

Firstpost has been tracking, to the minutest detail, stock trends in small-, mid- and large-cap segments. We are not recommending these shares for buying or selling, but we do offer pointers on price and performance trends. Here is our in-depth analysis on the list of 9 stocks we had put out this morning.

We were bullish on Cairn India with a price target of Rs 330. We were however not triggered in as the stock did not cross the previous day’s high.

Reliance Capital was a short call below Rs 559, the stock touched a low of Rs 556 and moved higher to close at Rs 570.50. We were stopped out of the trade above Rs 564.70, high of the first 15 minutes.

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Crompton Greaves was a sell call which was not triggered.

Reliance Communications was also a sell call below Rs 94.10, however, on Wednesday the stock made the same low and bounced back from it. We were not triggered in the trade.

We have a sell call onAdani Power below Rs 109.80 which was triggered on Tuesday. The stock touched a low of Rs 109.75 on Wednesday and closed the day at Rs 110. We maintain our target of Rs 106 on the stock.

DLF was a sell call below Rs 213.60 with a target of Rs 206 which was triggered on Tuesday. The stock touched a low of Rs 207.65 and closed at Rs 208.80 on Wednesday. We maintain our target of Rs 206.

GAIL was also a sell call which was triggered on Tuesday below Rs 453.30 with a target of Rs 435. The stock touched a low of Rs 437.30 and closed at Rs 442 on Wednesday. We continue with our target of Rs 435 on the stock.

Our sell call onMRPL was triggered below Rs 76.50 on Tuesday. The stock touched a low of Rs 75.7 on Wednesday, the same as Tuesday. We maintain our sell call on the company with the same target of Rs 72.

ONGC was also triggered on the sell side below Rs 283 on Tuesday. The stock touched a low of Rs 276.70 and closed higher at Rs 278.5 on Wednesday. We continue with our bearish outlook on the stock and maintain the price of Rs 270 on the stock.

“Neither the author of this post nor his immediate family members has a stake/share in the above-mentioned shares/mutual funds.”

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