IPL Trade - 10th May April, 2013

IPL Trade - 9th May April, 2013

IPL Trade - 8th May April, 2013

Today was a mix day. 1 call gave profit and 1 ended with loss.

We have initated positional Buy call for Hexaware @ 85.6 with the target price of 89-91

IPL Trade - 7th May April, 2013

Today, we saw strong rally in market. Both our intraday call gave profit today.

Our positional call of Bajaj Auto is at 1848. We initiated BUY call around 1817 on Monday.

IPL Trade - 6th May April, 2013

Good start on the 1st day of week. Both the intraday calls have earned profit today for intraday. Also, our positional call of Bajaj Auto is rocking. 

Happy Trading!!!

Positional call update - 4th May, 2013

As part of our service, we also give delivery based tips for short term gain. Our 1st pick - Wipro gave good returns in 2 week of time. We have picked another stock Bajaj Auto. Please see below details for the same.

Positional call for month of April

Positional call for month of May

IPL Trade - 3rd May April, 2013

Finally, the week ends with some profit in 2 trades out of 3. 

IPL Trade - 3rd May April, 2013

RBI monetary policy

A very safe move by RBI on monetary policy today, RBI changed the REPO rate by 0.25% to 7.25%, Reverse Repo Rate changed to 6.25% and CRR remains unchanged to 4.0%

Market, investors and many experts  were anticipating cut in Repo Rate by 0.25 %-0.50 % & CRR cut of 0.25%; & accordingly as per expectation RBI gave cuts to only REPO rates with keeping in view on inflation at 5.50 %. 

As of now India's economic numbers are as under - 

• REPO RATE - 7.25 % (changed)
• Reverse Repo - 6.25 % (changed)
• Cash Reserve Ratio - 4.00 % (unchanged)
• GDP Forecast - 5.70 % (changed)
• Inflation Wholesale Price Index Forecast (Mar 14) - 5.50 % (changed)
• Current A/c Deficit to GDP - 5.6 % (Unchanged)
• Statutory Liquidity Ratio - 23.00 % (Unchanged)
• Credit Growth - 17.00 % from 16.00 % (Unchanged)
• Market Stabilisation scheme - 8.25 % (changed)

IPL Trade - 2nd May April, 2013

Today also, market gained strongly and our SLs triggered.

Intraday seems to be risky now. On the other side our positional pick of Wipro hit our first target of 355 today.