Stock update: Intraday 18/03/2015

TVS MOTORS:

The Chennai-based company sold 2,04,565 units in February against 1,77,662 units sold in the same month last year. Total two-wheeler sales in previous month grew 14.8 percent to 1,95,509 units on yearly basis. Domestic two-wheeler sales increased 11.47 percent year-on-year to 1,64,508 units in February 2015. Motorcycle sales grew 18.37 percent year-on-year to 74,292 units and scooter sales jumped 35.15 percent to 56,750 units in February 2015.The company's total exports were up 35 percent with sales increasing from 28,782 units in February to 38,725 units in same month last year. 

Two wheeler exports grew 36 percent to 31,001 units during the same period. Three-wheeler sales in February 2015 climbed 22.89 percent to 9,056 units from 7,369 units in February 2014. An excellent report for long term investing. TVS Motor yesterday close was Rs 283.25, up 3.32%

 BSE code for this stock is  532343 and the NSE Code is  TVSMOTOR ,

Intraday Target:(18/03/2015)

Buy:

If you want to buy TVSmotor stock please wait till it reaches above 282.59 levels. Once it crosses that level we can buy this stock for today intraday. I expect this stock will close today at near 295 if it crosses 282.59 levels. So my First target for this stock for today is 288.23 and will exit the trade at 292.49 with maintain the stop loss 278.42.For small investor you can buy 280 call option when EQ trade at above 282.59.

Sell:

I request you to short this stock today only it reaches 277.02 levels. If it reaches that level it shows that today will be down trend for this stock. So my first target for short this stock is 271.50 and will exit the trade at 270.13.

 I Hope that based up on the levels that in both buy and short this stock in intraday my first target should be reached.