Top 4 sell calls for Oct '12 Series - Banks, Real Estate & Electric Equipment Sectors

Summary

Sell Calls - Dish TV, DLF, ABB & Allahabad Bank (ALBK)

Keep shorting the following on every rise

Dish TV

Short Dish TV at current levels and at every rise

Reason - Elliott 5 wave impulsive pattern over at 84.86 levels and correction has set in with evidence of MACD converging

Target 1 - 74

Target 2 - 71

SL - 85

DLF

Reason : Technically stock has over run with 5 wave getting over and a correction has set in showing in MACD as well

 

Target - 209 to 215

SL - 245

ABB

Reason : Bearish candlestick pattern at the top of the chart followed by confirmation of impulsive wave getting over backed up with MACD converging at the top

Target - 738 to 744 levels

SL - 811

Allahabad Bank

Reason : Bearish long candlestick pattern formed at the top followed by converging MACD

Target - 127 to 134 levels