Trading calls 17/02/2016

Market Outlook.
Nifty continues to trend down. No recovery symptoms are visible yet. Minor technical corrections will come in now and then, but overall Outlook remains weak.

0928
Long NMDC @ 90.60

0944
Short IFCI @ 20

0954
Short HINDALCO @ 62.35

0956
Short IRB @ 208.05

0959
Long Appolo Tyre at 154.45

1004
IRB 206.80. WIN

1008
Apollo Tyre 158. WI

1014
Hindalco 61.75. Win

1025
Exit IFCI at 20.10. Small loss

1203
Short Cairn India at 122

1253
Exit NMDC. LOSS

1323
Cairn trading at 120.80. WIN

1436
Apollo Tyre 159.30. Big WIN