Intraday Calls 29 June 2010

• SELL ZEEL FUT 295.65 STOPLOSS 298.25 TARGET 293.25/291.75(BOTH TARGET ACHIEVED)
• SELL LT FUT 1797 STOPLOSS 1810 TARGET 1781/1767.50
• POSITIONAL CALL : SELL BHUSHAN STEEL FUT 1439 STOPLOSS 1456.65 TARGET 1418/1380 (1ST TARGET ACHIEVED)
• POSITIONAL CALL:SELL ABAN FUT 819 STOPLOSS 834.30 TARGET 804.90/785.20
• BUY JINDAL SAW FUT 201.20 STOPLOSS 197.90 TARGET 204.45/208.80
• SELL RNRL BOTH TARGET ACHIEVED AT 65.50/65.20

OUR LAST POSITIONAL CALL ON 28 JUNE 2010 :

• SELL NIFTY BOTH TARGET ACHIEVED AT 5305 AND 5269
• SELL ONGC 1ST TARGET ACHIEVED AT 1295
• SELL RELIANCE BOTH TARGET ACHIEVED AT 1085 AND 1078.35
• SELL SUNPHARMA BOTH TARGET ACHIEVED AT 1785 AND 1768

Intraday Calls 28 June 2010

• SELL RNRL FUT 67 STOPLOSS 68.60 TARGET 65.50/65.20
• SELL ABAN FUT 765 STOPLOSS 770 TARGET 757.20/751.70(SL TRIG)
• SELL BANK NIFTY FUT 9495 STOPLOSS 9542 TARGET 9465/9441.40/9390.70(1ST TARGET ACHIEVED)
• SELL SUNPHARMA FUT 1805 STOPLOSS 1815.20 TARGET 1783.20/1768.60
• BUY SBIN FUT 2311 STOPLOS 2301 TARGET 2320/2334.10(1ST TARGET ACHIEVED)
• POSITIONAL CALL : SELL ONGC FUT 1310 STOPLOSS 1356.55 TARGET 1296.05/1254.10
• SELL RELIANCE FUT 1091 STOPLOSS 1102.55 TARGET 1085.90/1078.20
• POSITIONAL CALL : SELL NIFTY FUT 5335 STOPLOSS 5356.70 TARGET 5305.90/5269.40

Possible outcomes for fuel price reforms

NEW DELHI (Reuters) - The government on Friday will once again grapple with the political hot potato of deregulating fuel prices, seeking a way to improve its financial health as it tries to shield its 1.2 billion citizens from high prices. A panel of ministers, empowered by the cabinet to decide the country's fuel policy, will review the policy at 1 p.m. (0730 GMT). Earlier this month, the panel deferred the decision due to political concerns that the move would hurt voters already hit by high food prices. Asia's third-largest economy has been looking for new ways to reduce subsidies and set prices of motor and cooking fuel since the failure of its 2002 bid to get state-owned refiners to fix prices every two weeks in step with global rates. But this is a political minefield in a country where 410 million people live on less than $1.25 a day and any decision by the panel of ministers who debate the issue must have the approval of Sonia Gandhi, the left-leaning powerful chief of the Congress party that has led coalition governments since 2004. Analysts worry that maintaining the status quo could discourage private sector investment in India's under-developed energy sector and send a signal that the government would rather please its mostly poor and rural political base than push through pro-market reforms. B.M. Bansal, chairman of state-run Indian Oil Corp on Wednesday said the current petrol price, 47.93 rupees ($1.03) per litre, was 3.20 rupees, or nearly 7 percent, lower than market rates, while diesel rates were 9 percent lower. Shares of IOC (IOC.NS : 379.5 +38.1) and other state refiners Bharat Petroleum (BPCL.NS : 621.75 +71) Corp Ltd and Hindustan Petroleum Corp Ltd were up 1.1 percent to 1.2 percent, outperforming the benchmark index, which was down 0.5 percent at 0355 GMT on Friday. ELECTORAL RISKS * Raising fuel prices would stoke inflationary pressures, already at levels uncomfortable enough for voters to slam Congress in municipal elections this week in the swing state of West Bengal. * An economically sound decision may help India narrow its fiscal deficit, but could yield electoral losses for the Congress in the half-dozen state elections scheduled this year and next. * Many coalition allies would be unhappy with the unpopular measure, which is sure to be pounced upon by opposition parties including the communists who tried to unseat the government over a February hike in motor fuel prices. * Rival Asian giant China, with its own billion-plus population, abandoned similar fuel price subsidies from January 2009 to great effect for then-struggling refiners grappling with losses, as Indian state-owned refiners do now. * If India does reform its refined fuel policy during a window stretching from the end of the lawmakers' budget session in May until parliament gathers next for its monsoon session in August, here are the possibilities that could play out: ELIMINATING CONTROLS * Lifting subsidies would trigger spikes of up to 15 percent in retail prices of diesel and gasoline -- adding to the political pressure on a government already facing protests over rising prices of food and consumer goods. * This option looks even more difficult in the wake of two fuel price hikes since the end of February. * It could stoke inflation, forcing a tightening of monetary policy. The government's fiscal deficit, now projected at 5.5 percent of the budget for the year ending March 2011, would probably shrink, freeing up capital for other programmes. * In the fiscal year that ended March 31, India spent 149.5 billion rupees ($3.35 billion), or nearly 1.5 percent of all government expenditure, on oil subsidies, compared with initial estimates of 31.1 billion rupees. * Market rates would allow private firms Reliance Industries (RELIANCE.NS : 1062.75 +10.7) and Essar Oil (ESSAROIL.NS : 137.7 +8.35), that now mainly export fuel, to consider domestic retail sales. * Revenue would spike dramatically at retailer Indian Oil Corp, as well as Hindustan Petroleum and Bharat Petroleum, and upstream firms ONGC (ONGC.NS : 1265 +75.65), Oil India and GAIL (GAIL.NS : 482.4 +5.65) (India). * Higher retail prices could briefly dampen demand for fuel and vehicles. * Scrapping government intervention would hit poor consumers, who have no access to electricity and use kerosene for lighting and cooking. PARTIALLY LIFT CONTROLS * India may end pricing controls on petrol, viewed as the rich man's fuel, and gradually remove controls on diesel, which could spur higher inflation but ease its fiscal burden. * It would help cut losses at state oil firms, but fuel demand may be hit briefly and could draw some opposition from the automobile sector. * It may spur a change in fuel use. A large gap between diesel and kerosene prices may see the cheaper fuel being used to adulterate diesel. * Introduction of a Unique Identity/Smartcards framework may follow to ensure a transparent public distribution system of kerosene and domestic LPG. KEEP SUBSIDIES * The government may decide to continue with the populist mechanism of subsidising fuel prices but would then face the risk of a ballooning fiscal deficit, and jettison its plan to trim the deficit to 4.1 percent of GDP by the end of March 2013. * The finances of the public sector oil marketing companies would be hammered. Projected losses for the firms are estimated at $24.4 billion this year, based on an average crude price of $85 a barrel.

Intraday Calls 25 June 2010

• SELL RELINFRA FUT 1172 STOPLOSS 1180.05 TARGET 1161.75/1153.50(SL TRIG)
• BUY TULIP FUT 867 STOPLOSS 861 TARGET 880
• SELL DRREDDY FUT 1483 STOPLOSS 1500 TARGET 1450.20/1440.20
• SELL HEROHONDA FUT 2041 STOPLOSS 2053 TARGET 2031.60/2021.15

EGoM meet on fuel price on June 25

An empowered group of ministers (EGoM) will meet on June 25, 2010 to consider possibly freeing petrol prices from the government control and marginally hiking diesel prices.

Food inflation rises to 16.90%

The inflation for primary articles for the week ended June 12, 2010 stood at 17.60% as compared to 16.86% seen in the previous week. Fuel group inflation for week ended June 12 stood unchanged at 13.18%. Food inflation inched up to 16.90% for the week ended June 12, 2010 as compared to 16.12% in the previous week.

Intraday Calls 24 June 2010

• SELL HEROHONDA JULY FUT 2044 STOPLOSS 2055 TARGET 2034.50/2026(BOTH TARGET ACHIEVED)
• SELL AXIS BANK JULY FUT 1261 STOPLOSS 1269 TARGET 1251/1247
• SELL CENTURYTEXTILE FUT 472 STOPLOSS 476.JULY 80 TARGET 467.85/463.45(BOTH TARGET ACHIEVED)

Intraday Calls 23 June 2010

• SELL RELINFRA JULY FUT 1181 STOPLOSS 1191.55 TARGET 1164.30/1150(SL TRIG)
• BUY SESAGOA JULY FUT 361.50 STOPLOSS 357 TARGET 368.25/369.80(BOTH TARGET ACHIEVED)
• BUY HDFC JULY FUT 2951 STOPLOSS 2925 TARGET 2977/3003(1ST TARGET ACHIEVED)
• SELL GAIL JULY FUT 479 STOPLOSS 483 TARGET 476.10/471.60(1ST TARGET ACHIEVED)
• SELL IBREALEST JULY FUT 155 STOPLOSS 158 TARGET 152/149.90

Intraday calls 22 June 2010

• SELL RANBAXY JULY FUT 456.40 STOPLOSS 461.90 TARGET 450.65/444.50
• SELL SUNPHARMA JULY FUT 1760 STOPLOSS 1774.40 TARGET 1750/1742/1717.50(1ST TARGET ACHIEVED)
• SELL GSPL FUT 98.50 STOPLOSS 99.20 TARGET 97.35/96.90
• SELL CENTURYTEXTILE JULY FUT 470.70 STOPLOSS 478 TARGET 466.85/461.20(1ST TARGET ACHIEVED)

Intraday Calls 21 June 2010

• SELL RCOM 170 PA AND 190 CA AT 0.70 AND 2.40 GRAP 100 % PROFIT ON EXPIRY
• SELL EDUCOMP JULY FUT 525.50 STOPLOSS 534 TARGET 515.30/509
• SELL HDFC JULY FUT 2982 STOPLOSS 3005 TARGET 2953.60/2944/2893
• SELL AUROPHARMA JULY FUT 860 STOPLOSS 871 TARGET 849.30/847.85
• SELL INFOSYSTCH JULY FUT 2814 STOPLOSS 2833 TARGET 2783.40/2778

Intraday Calls 17 June 2010

• SELL ZEEL FUT 302.50 STOPLOSS 306 TARGET 299.15/298.55(BOTH TARGET ACHIEVED)
• SELL RCOM FUT 190.60 STOPLOSS 194.40 TARGET 185.70/183.60
• SELL MARUTI FUT 1368 STOPLOSS 1376.40 TARGET 1352.60/1336.20
• POSITIONAL CALL : SELL L&T FUT 1764 STOPLOSS 1790.30 TARGET 1730.75/1694.55

Intraday Calls 16 June 2010

• SELL L&T FUT 1722 STOPLOSS 1738.35 TARGET 1710/1692(1ST TARGET ACHIEVED)
• SELL HEROHONDA FUT 2024 STOLOSS 2033.30 TARGET 2015.30/2006.10(BOTH TARGET ACHIEVED)
• SELL SUZLON FUT 58 STOPLOSS 59.20 TARGET 57.25/56.60(1ST TARGET ACHIEVED)
• SELL HDFC FUT 2890 STOPLOSS 2916 TARGET 2847/2829.50
• SELL JINDALSTEL FUT OR CASH 662 STOPLOSS 670 TARGET 653.70/649.65 (BOTH TARGET ACHIEVED)
• SELL UNITECH FUT 71.40 STOPLOSS 72.40 TARGET 70.40/69.90(BOTH TARGET ACHIEVED)

THIS RECOMMENDATION ON 09 JUNE 2010

• POSITIONAL CALL : SELL ONGC FUT 1190 STOPLOSS 1220 TARGET 1152/1129(1ST TARGET ACHIEVED)

Intraday Calls 14 June 2010

• SELL L&T FUT OR CASH 1685 STOPLOSS 1695 TARGET 1677/1670(BOOK PROFIT AT 1678.90)
• SELL JINDAL SAW FUT 196 STOPLOSS 200.50 TARGET 191.05
• POSITIONAL CALL : SELL RELIANCE FUT 1066 STOPLOSS 1092 TARGET 1045/1024
• SELL ZEEL FUT 294 STOPLOSS 297.30 TARGET 291.60/288.30

OUR LAST RECOMMENDATION ON 11 JUNE 2010

• SELL DRREDDY IN CASH AND FUTURE 1476 AND 1482 STOPLOSS 1490 AND 1496 TARGET 1449/1411 AND 1455.90 /1421(BOTH TARGET ACHIEVED)

Intraday calls 11 June 2010

• POSITIONAL CALL : SELL MARUTI FUT 1346 STOPLOSS 1363.30 TARGET 1324/1305
• POSITIONAL CALL:SELL RELINFRA FUT 1130 STOPLOSS 1156 TARGET 1114/1096/1085(1ST TARGET ACHIEVED)
• SELL DRREDDY IN CASH AND FUTURE 1476 AND 1482 STOPLOSS 1490 AND 1496 TARGET 1449/1411 AND 1455.90 /1421
• POSITIONAL CALL:SELL TATAMOTORS FUT OR CASH 764 STOPLOSS 790 TARGET 680/650
• SELL GSPL FUT 97.30 STOPLOSS 98.5 TARGET 96.55/95.60(1ST TARGET ACHIEVED)
• POSITIONAL CALL : SELL HDIL FUT 235.50 STOPLOSS 249 TARGET 227/218
• SELL FORTIS FUT AND CASH ALSO 149.50 STOPLOSS 153.70 TARGET 146/144

Intraday Calls 10 June 2010

• SELL SAIL FUT 195 STOPLOSS 197.60 TARGET 192/190.80
• SELL SESAGOA FUT 345 STOPLOSS 351 TARGET 333.80
• POSITIONAL CALL : SELL SBIN FUT 2300 STOPLOSS 2332.60 TARGET 2280/2257.50
• SELL RELIANCE FUT 1013 STOPLOSS 1022 TARGET 1005.75/1000

Intraday Calls 09 June 2010

• BUY ICICIBANK FUT 811 STOPLOSS 804.55 TARGET 818/831(1ST TAREGT ACHIEVED AND MADE NEW HIGH AT 826)
• POSITIONAL CALL : SELL ONGC FUT 1190 STOPLOSS 1220 TARGET 1152/1129
• BUY HDFC 2701 STOPLOSS 2685 TARGET 2726/2756/2775 IN CASH ONLY(1ST TARGET ACHIEVED AND MADE HIGH AT 2750)
• POSITIONAL CALL : SELL SBIN FUT 2290 STOPLOSS 2338 TARGET 2251/2241.55(1ST TARGET ACHIEVED)
• SELL HDIL FUT 219 STOPLOSS 224 TARGET 210/204
• BUY SUZLON FUT 53.05 STOPLOSS 50 TARGET 55.75

Intraday Calls 08 June 2010

• SELL ZEEL FUT OR CASH 292 STOPLOSS 294.25 TARGET 289.45/286.85(1ST TARGET ACHIEVED)
• SELL DISHTV FUT OR CASH 41.15 STOPLOSS 42.35 TARGET 40.70/39.75(1ST TARGET ACHIEVED)
• SELL MARUTI FUT 1332 STOPLOSS 1347.60 TARGET 1312(TARGET ACHIEVED)
• POSITIONAL CALL : SELL RELINFRA FUT 1093 STOPLOSS 1126 TARGET 1075/1058(BOTH TARGET ACHIEVED)
• SELL M&M FUT 581 STOPLOSS 588.30 TARGET 572.40/564.50(BOTH TARGET ACHIEVED)
• BUY SUZLON FUT 53.90 STOPLOSS 52.80 TARGET 55.50/56.30(BOOK PROFIT AT 54.50)

Intraday Calls 07 June 2010

• BUY OIL INDIA 1310 STOPLOSS 1284 TARGET 1360(SL TRIG)
• RISKY TRADE SELL ONGC FUT 1194 STOPLOSS 1211.70 TARGET 1176/1157(1ST TARGET ACHIEVED)
• SELL BANKNIFTY FUT 9166 STOPLOSS 9216.30 TARGET 9122.30/9028.30
• SELL SBIN FUT 2273 STOPLOSS 2290 TARGET 2249.85

OUR LAST RECOMMENDATION ON 04 JUNE 2010:

• SELL SBIN,BHEL AND NIFTY BOTH ARE TARGET ACHIEVED

Markets tumble on weak jobs data:The Labor Department said 431,000 jobs were added to the U.S. economy, but of that total, 411,000 workers were hired

NEW YORK (Reuters) - Stocks fell sharply on Friday after the May payrolls report showed private hiring was much lower than expected, raising fears about the strength of the economic recovery. The Labor Department said 431,000 jobs were added to the U.S. economy, but of that total, 411,000 workers were hired for the U.S. Census. Wall Street looked for payrolls to rise by 513,000. "This shows that there's not much in the economy able to generate ongoing jobs growth, and that raises the question of the sustainability of the recovery," said Joseph Battipaglia, market strategist at Stifel Nicolaus in Yardley, Pennsylvania. Wall Street tracked European equities, which fell on concerns about Societe Generale's derivatives business. Also, worries intensified that Europe's sovereign debt troubles could spread after a Hungarian official said the country was at risk of a Greek-style crisis. The euro fell to a four-year low against the dollar. Financial stocks were pressured by the jobs data and problems in Europe. The KBW Banks index and S&P Financial sector both fell almost 2 percent. JPMorgan Chase & Co shed 1.4 percent to $38.56, while Wells Fargo & Co slumped 2 percent to $28.33. The Dow Jones industrial average was down 180.24 points, or 1.76 percent, at 10,075.04. The Standard & Poor's 500 Index was down 18.55 points, or 1.68 percent, at 1,084.28. The Nasdaq Composite Index was down 33.40 points, or 1.45 percent, at 2,269.63. There have been nine days since 1998 when payrolls data was reported and the SPDR S&P 500 exchange-traded fund (ETF) opened down 1 percent or more, according to Bespoke Investment Group. On those days, the fund rose an average of 1.2 percent from open to close. The ETF was down 1.7 percent on Friday. Chris Burba, a short-term market technician at Standard & Poor's in New York, cited a support level for the S&P 500 at 1,070, a recent low for the index. If the S&P closes below that level, he said, "the risk of sustaining a decline beneath the February low would increase." avoided a decision on whether to pay its next quarterly dividend as it faced heavy political pressure to put the payout on hold while it fights the oil spill into the Gulf of Mexico. BP's U.S.-listed shares fell 3 percent to $38.13. Dow component McDonald's Corp fell almost 1 percent to $67.26 after it recalled 12 million "Shrek"-themed drinking glasses. U.S. officials warned consumers to stop using them because they contain the toxic metal cadmium. Decliners outnumbered advancers on the New York Stock Exchange by a ratio of more than 12-to-one, while about 20 stocks fell on the Nasdaq for every one that rose.

Minimum 25% public holding must for listed firms

The government on Friday made it mandatory for listed companies to raise public shareholding to 25 per cent, with at least 5 per cent dilution a year, a move that would attract more investors and check price share manipulation.In keeping with the Budgetary promise, the Finance Ministry amended the relevant regulations to the effect that "the minimum threshold level of public holding will be 25 per cent for all listed companies."Accordingly, all listed entities would have to dilute at least 5 per cent additional equity annually till they reach the threshold limit of 25 per cent. And fulfilment of this condition would be must to remain listed.The new rules were announced shortly after close of stock market today. Among the listed companies, there are 29 PSU companies and 179 other companies that have public shareholding below 25 per cent, according to CRISIL. There are over 4,500 listed companies in India. Some large companies that have to increase public shareholding include Wipro, NHPC, DLF, Power Grid and NMDC.For a company seeking listing, it would have to dilute 25 per cent in one go in case the issue size is just up to Rs 4,000 crore. However, those already in the process of going public and have filed draft prospectus could disinvest stipulated 10 per cent and later meet the condition notified on Friday. The government has made it mandatory for listed companies to raise public shareholding to 25% All listed entities would have to dilute at least 5% additional equity till they reach the 25% limit. Fulfillment of this condition would be must to remain listed. At present many companies dilute only 10% stake and their shares tend to trade at a premium The decision on mandatory increase in public exposure of a company to 25 per cent had been hanging fire for more than a year due to differences the market regulator Sebi had with the Finance Ministry. While Sebi's contention was that such broad-basing would require huge funds, which some estimates pegged at over Rs two lakh crore, the government was firm on enforcing the decision announced in the 2009-10 Budget as an effective means to check price manipulation by promoters.A top government adviser on financial sector and HDFC Chairman Deepak Parekh said last week that the increased public exposure was one of the effective ways to tackle the problem of over-pricing of public issues. “This step is a positive move. The good quality issues will attract a lot of FII flow. And higher public shareholding will force promoters to be more accountable to the investor community. This will also give a clear roadmap for disinvestment of PSUs," said Prateek Agarwal, head of equities at Bharti AXA Investment Managers. The Finance Ministry had come out with a discussion paper in February 2008 and was to complete the discussion in May that year, but the same could not happen on account of divergence of views. Thereafter, Finance Minister Pranab Mukherjee came out with the proposal while presenting the 2009-10 Budget in July 2009. The argument was that larger the number of shares and the number of shareholders, the less is the scope for price manipulation. At present, most companies dilute just 10 per cent stake and the shares tend to trade at a premium.The announcement further said that all listed companies will be required to maintain at least 25 per cent public shareholding for all times to come. "If the public shareholding in a listed company falls below 25 per cent at any time, such companies shall bring the public shareholding to 25 per cent within a maximum period of 12 months from the date of such fall", it added.Giving the rationale for the decision, the Finance Ministry said, "A disperse shareholding structure is essential for the sustenance of a continuous market for listed securities to provide liquidity to the investors and to discover fair prices."The decision, which was notified today, would see large number of companies hitting the capital market within a year.The move is in line with practices followed in developed economies globally. While the London Stock Exchange requires 25 per cent minimum public holding, the Singapore and Hong Kong Stock Exchanges also stipulate public share holding between 12 per cent and 25 per cent.The requirement to offload equity by large number of listed companies may have implications for the disinvestment programme of the government. The government proposed to raise Rs 40,000 crore during the current fiscal by selling equity of state-owned companies.

Intraday Calls 4 June 2010

• SELL GAIL CASH OR FUT 471 STOPLOSS 479.40 TARGET 465.80/459(1ST TARGET ACHIEVED)
• POSITIONAL CALL : SELL ONGC FUT 1226 STOPLOSS 1250 TARGET 1190(FULLY TARGET ACHIEVED)
• POSITIONAL CALL : SELL BHEL FUT 2339 STOPLOSS 2354 TARGET 2305
• SELL MARUTI FUT OR CASH 1303 STOPLOSS 1310 TARGET 1294.65/1282.80(SL TRIG)
• POSITIONAL CALL : SELL SBIN FUT 2303 STOPLOSS 2323.20 TARGET 2276/2247.40
• POSITIONAL CALL : SELL NIFTY FUT 5115 STOPLOSS 5142 TARGET 5095/5072.20

Intraday Calls 3 June 2010

• SELL JSWSTEEL FUT 1072 STOPLOSS 1083.05 TARGET 1061/1051(1ST TARGET ACHIEVED)
• SELL M&M FUT OR CASH 586 STOPLOSS 594 TARGET 575/569(BOOK PROFIT AT 578)
• POSITIONAL CALL:SELL RELINFRA FUT 1108 STOPLOSS 1127 TARGET 1089/1076(BOOK PROFIT AT 1096)
• POSITIONAL CALL:SELL L&T FUT 1657 STOPLOSS 1688 TARGET 1627/1600
• POSITIONAL CALL:SELL AXISBANK FUT 1222 STOPLOSS 1240 TARGET 1200/1194(SL TRIG)
• STBT: SELL TATASTEEL FUT 485 STOPLOSS 493 TARGET 475/462(BOOK PROFIT AT 479)

Intraday Calls 2 June 2010

• SELL LT CASH OR FUT 1603 STOPLOSS 1614 TARGET 1588/1584(BOTH TARGET ACHIEVED)
• SELL HDIL CASH OR FUT 222 STOPLOSS 226.5 TARGET 219/216(1ST TARGET ACHIEVED)
• SELL ONGC FUT 1166 STOPLOSS 1178 TARGET 1153/1141(SL TRIG)
• SELL RNRL FUT 53.70 STOPLOSS 54.40 TARGET 52.70/52.25(SL TRIG)

Intraday Calls 1 June 2010

• SELL GAIL FUT OR CASH 456 STOPLOSS 460 TARGET 452/447(BOTH TARGET ACHIEVED)
• SELL CENTURYTEX FUT OR CASH 455 STOPLOSS 458.60 TARGET 449.40(TARGET ACHIEVED)
• SELL BHUSHAN STEEL FUT 1385 STOPLOSS 1400 TARGET 1357(SL TRIG)
• POSITIONAL CALL: SELL JSWSTEEL FUT 1092 STOPLOSS 1110 TARGET 1055.55/1018.20(1ST TARGET ACHIEVED))
• SELL ONGC FUT OR CASH 1169 STOPLOSS 1082 TARGET 1155/1148(BOTH TARGET ACHIEVED)