Highlights of Concal - 18 Nov 2017

Nifty: As per the Fibo, today it has closed below 50% and it is proving it is bear zone. Rally, if it has to sustain, it will touch 10200 and make a rounding bottom and rally from there. 

Hence not in a mood to buy stock in aggresive mode and would wait for good correction. Closing above 10337 than we can see the bull run. 

I will buy only above 10350. If Nifty reverse and retest 10090, we surely will see 9350

HDIL, DLF has moved as expected. 

PC Jewellers: Most of the accumulation has happened. This time if crosses 380-390 levels will strike 470 levels. Let RSI & William % cool down.  

                  

Reliance Capital: Would buy at 425/6 for the target of 470/490

Reliance Comm: As discussed in previous webinars and as expected it has come down from 17 levels. Any some international intervention with some funding will only cover the case. 11 would be good levels to buy with SL of 9 for target of 40-42. 50% can be booked at 17-18 levels. On weekly time frame it has given hammer candle. We can play the scrip, follow strict stop loss. 

HDIL: Cup formation with rising volume. Can retrace to 61.50. Can be range bound for sometime (month or so) and once crossed 73-75 levels we can see levels of 180.

Re rating in the sector is expected due to restructuring. Idea is to identify the cheaply available stocks in such sectors

DLF: Can play on Monday - buy 218/221 for 230/233

Agri related companies can go up for next 1.5-2 yrs. Keep an eye and identify undervalued in this sector

Banco India: Can add in portfolio for the target of 450 levels within a year or so. 

Members Queries: 

Bank of India - Best Buying: PSU will take time of 3 -4 quarters to show appreciation. 223/4 is stiff resistance. 190 is good base. If we see correction on Nifty, 165/7 is a value bargain point. Not that bullish in stock though. 

UPL: It's in consolidation - distribution mode. For short term can see 703 / 707 support. 50% at 685 with a SL of 675 for the target of 760

Yes Bank: For Long Term: 

Currently on short side. Buy at 280/277 levels for long term

Ashok Leyland: Short. 120-121 - exit. Retest levels of 106-107 at the bottom

Bharti Airtel: 513 can be seen. Short only at 521 with SL 539 for the target of 485, 468

Power Grid: 207 is buy for small profits. Not big moves expected.

Indiabulls real estate: Don't expect good move. Seller is distributing script. Avoid on buying side. Can see 180 levels if 207 is broken

I will only buy 240 sustain levels with volumes

BOB: Will be in range bound. 181 can be bought for 184.65. Sustain above 186 closihng for 3-4 days for fresh move upwards

Sun Pharma: Morning Star Formation but lacks volume. For monday it is buy for 511 for 525 which is can be a good resistance. 

Bottom can be 490 which can be a delivery pick with a SL of 460 on closing basis for the target of 610. 4-5 months.

Fortis Healthcare: Avoid. Can break 127 and strike 105

Lupin: Downside and stressful. Avoid completely. Can breakdown to the levels of 530. 

Colpal: Chart is not showing much of positivity for short term. 

Ascending Triangle break out followed by Head & Shoulders is dangerous position and future is not so bright. 

JP Associate: Avoid the script. Nothing on trading / positional perspective. If you are holding it keep the closing SL of 15

Auro Pharma: Under stress with low volumes. If you still wish to buy, buy at 706 with closing SL of 696 for the target of 730

HDFC: Rangebound scrip.

Play with SL

VLS Finance: If anyone has missed it by at 81.50/82 for 118 levels. Keep SL of 75

Prozone: Recommended at 41. Book your profits. 

Apex Frozen: Fundamentally good. Target of 700/750 levels. But do not recommend to enter at this level. If you can 350/400 levels can be look at 

HPCL: Negative formation. Tripple Bottom. 390-385 can touch. Avoid buying at this levels.

Bharat Bijlee: For 2-3 Years Time period: If breaks 970 can test levels of 840. Should check the month of June if it is more delivery / trading volume. More than 30-35% delivery it is healthy stock. Delivery below 15% it is worry. At present the structure is negative.

Maruti: Have 8200 option have at 90. SL 8298 - book 50% where it can test and start rally

Or if open at today's close and breaks 8371 we can see 8500 levels.

Tata Global: Can move upto 278 levels and can see reversal from that levels.

Adani Ent: Chart is bullish. 151/152 buy with a SL of 145 closing basis for target of 190 levels.

BL Kashyap: Bit of reversal on account of profit booking is visible. Keep a SL of 54.50 on closing basis. Will see some consolidation before upmove. Breaking 65 with volumes will take stock to 73/4 levels.

Kernex: Not an attraction at current levels. Avoid or play randgebound. Lower end is 35 for 48/50 levels. 

GVK: Fresh buy 13.60. SL 11.20. Good to hold for the target of 21 levels.

Murudveshwar Ceramic: Not good to buy for long term. If company announces some plans / growth projections, can take a look into it. Can buy 25 levels for 40-42 

Rain Industries: Fresh entry around 220 sorts

Zeel: Book profits. Can see 516 at the bottom.

Tata Motors: Is in range. Management has bought at 421. Can come down to 403-404 could be good entry for 440 levels.

For the long term am bullish on the stock

Rattan India Power: Exchange of equity is huge. Problem is debt with the company. Someone is accumulating. Looks like some positive news is expected. If someone wish to do fresh entry, can enter at the levels of 6.60 with a SL of 5.80 for 24/25 levels

ICICI Bank: 317 is a breakout levels for 342 levels is highly achievable targets.

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