Tatasteel

Short at 430 - 440 - NO SL

Update long due!

We're in for a rally - refer my earlier post on Nifty, Bank Nifty and CNXIT

Here are some trades..use your own SL

The VIX is likely to head to 21 post which we should be in for a big big fall..

Right now I expect a 1000 pt move on BN - 400 points on Nifty which will take it to 5300

CNXIT should head upwards to 7300 or so with Infy leading the CNXIT index - heading to 3200-3300

Exit Tatamotor short above 206.5 and go long for 230

Hexaware should head to 90

Cipla to 380-400

ICICIBank to 800-840

Mphasis 100 rs up from here

Tatasteel 450-480 from here..100 rs ie.

DCB 45-47 from here..

All in all a bullish scenario which may end by 10th Feb as per time series.

Current Scorecard

Here's a status of the current scorecard.

For previously booked out scorecard - Visit here: http://www.wolfewaveindia.com/p/scorecard.html

New Calls

Here are a list of new calls with Stops on closing basis.

I'll provide an update on when to exit these

Tatasteel - Lot 500 - Margin 50210

Expecting it to head to 640 - 60 - 80  and collapse post that to 460

Buy with a Stop @ 569

Tatasteel - Lot 500 - Margin 50210

Daily Chart of TATASTEEL - not a very good picture - Target for this HNS is 475

Tatasteel - Lot 500 - Margin 50210

All stocks seem to be making a Head & Shoulders pattern. Overall TISCO can head to sub 480 levels in the ocming months.

Follow up - Tatasteel - 25th Jan

My earlier post on 25 Jan was:

"tatasteel

Short at cmp 660"

Keep a SL @ 656 and hold the short. It could also head back up to 700 or  head to 620.

tatasteel

Short at cmp 660

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