Picks
HCC and UB SPIRTIS
May 27, 2010
Stock: HCC, Time frame: 1-5 days
Action: Short
CMP: 103.9 Target: 96 stop loss: 108
Trading Rationale: This is a weak stock in this sector and has been in downward trend. Technical indicators point to continuing near term weakness in this stock.
Stock: United Spirits, Time frame: 1-3 weeks
Action: Buy
CMP: 1150 Target: 1264 stop loss: 1050
Trading Rationale: The stock got battered in the last couple of sessions and trend seems to have exhausted and it is in the process of reversing. This a bit high risk trade because of wide stop loss.
