Tuesday, July 6, 2010

Update to my INFY & ITC short

I closed the ITC short at almost NPNL (no-profit-no-loss) because its OI is expanding but stock in the same range of 300-305. Also some reports suggest ITC might post good results this quarter.

If it moves in the 320-330 range - then it could be a decent short candidate or below 295 it will be weak and can be shorted too.

Alright - this thing is going up too fast - I closed my INFOSYS short at 2777 with a 26 points loss. But I am going to let my 2800CA run.

- So I take my analysis as judgement error. I am pretty sure in future I will get a good short entry point for both of these stocks.

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