stocks to watch on 18th Dec

Tomorrow is a pressure date for market as per astronomy and election result. I expect a huge volatile day.

I expect good movements in below stocks. Please do not trade on these stocks based on my post.

1. Hindalco 

Possible NR4 breakout. 200 MA and 50 MA  @230 is a strong resistance.

Buy:223
Sell:215

2. ACC

Strong MA resistance 1460 to 1480
Sell  1420

3. Hindustan Unilver 

Sell 1804

4. LT  

10 MA resistance 1414,
Buy 1414
Sell 1372

5. Axis bank 

Price action indicates a strong breakout possible

50 MA support     598
10 MA resistance  621

Buy
Sell 592
Buy 610.2

How to do we planning  trading for Hinndalco intarday

Hindalco

Sell 215
SL 223
Target 208

Nature of trade : High probable trade
Trade duration : Intraday
Total capital 5 lakh
Total risk for 10th Dec : 1 % of 500000 i.e. 5000
Number of trades : 2
Risk per trade : 2500


Number of shares to be sold = 312
Margin required 4000
Total value 67000

Trade decisions : 

If sell trade is favorable, will book 100 shares at 213 , 300 shares at 211 and 100 shares at 208 . Will do partial profit as sell position can not be carried over.

Estimated profit for sell = 2100

For buy trade , target will be 8 points. Will keep the buy trade for two days.