Thursday, September 3, 2015

Trading ideas on Amara Raja Batteries and Canara bank

Sell Amara and buy Canara Bank


Targets are mentioned moving averages on chart

Canara bank

Target 1- Moving average 50=292
Target 2- Moving average 20=300

LTP-266





Bollinger and trendline coincident on 910


Also bottom trendline coincident with Moving average 200


Whenever such coincident happens, it acts as a strong support. That's why said to book shorts 50% at both levels as per risk apetitie



Happy Trading

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