Trading Calls 08/03/2016

Market Outlook
Indian Stock Markets are likely to be flat to weak.
Nifty is trading in an overbought zone and is likely to correct. The upmove in Nifty is not a trend reversal. General trend in nifty is bearish.
Globally there was a rally in Iron Ore and crude.

0921
Short Tatamotors at 345. High risk

0927
Short Ashok Leyland at 93.15

0940
Exit tatamotors at 347.7. Loss

0952
Buy Allahabad Bank at 50.90

1030
Long IDBI @ 68.40

1034
Allahabad Bank 51.35. WIN

1130
IDBI Bank 69.85 WIN.

1440
Ashokley 91.30. Big Win