Thursday, November 5, 2015

Stocks to watch

Watch Adani Ports, State Bank of India and Yes Bank for swing trading oportunities.

State bank @ 239 looks good to go long, buy in the range of 234-239 for a target of 254-259, keep stop loss of 229. Holding period 10-15 days.

Yes Bank @783 may show some resistance in 790-810 levels, trade for shorting opportunities with caution. the stock is likely to correct from current levels upto 710-730. Do not go long in this stock.

Adani Ports @289 is at the crux of eiether shooting up or crashing. Keep a watch and trade accordingly. The range for Adani ports is 270 to 320