NIFTY
BUY 10370, SL- 10340 Target 10452. Good momentum show continue. A large green candle. 10500 is a resistance zone. It will require full strength to cross 10500. If it crosss 10550 then we will be around 10732. Base around 10138. It is a U shape recovery. Resistence is around 10450-60.
Active closure of around 10550, then it can move up. But we will be back soon at 9825. Play according to channel top and bottoms. Use options for a safe play. Crack one good volatile script and closely tracking it.
Nifty Movement - 3 - 4 years view - 10370, 10750, 9825,10170, 8725, 13800, 18000.
PSU BANKING
Bottom hammer formation. 2800 we should reverse. We are in a diamond channel. Diamond support 2780. It should not go futhur down.
It can take 14-15 months. But we can break PSU. Target 5500. HOLD for 2-3 years. Get into SBI, CANBANK, PNB. They will reverse. Filled bottom gaps.
All shots will cover.
Bank Nifty
Showed a recovery. 24560 good buy bet 24780 target. All PSU will support.
235 Canbank- good buy, can go up to 245 and also can fit 250 intra day
SBI- Bottom hammer, made higher lows Buy 251 can hit 258.
Do not jump into the trades, let nifty correct.
Cement sector is over sold. India cement has made double bottom
Exide- 192 bottom, 215 is a resistence.
KPIT ready for breakout- Buy above 221.80, Target- 245. For intraday buy at 215-216, SL - 214, target 222,229
Name: IOC Term: Short term CMP: 400 View: Exit around 404-405. Cant see more upside
Name: SONATA SOFTWARE Term: Short term CMP: 314 View: Script has moved a lot. Operator control script. It will break down. We can be down at 280 levels.
Name: GRANUELS Term: Long term CMP: 108 View: Hold as a portfolio stock . Will hit 180 and then 270 in the long run
Name: HCC Term: Long term CMP: 31.3 View: Good bet for 2yrs.
Name: FINEOTEX CHEMICALS Term: Long term CMP: 56.55 View: Script is good to go. It may bottom soon. Track fundamentals.
Name: HINDALCO Term: Positional CMP: 227 View: Bullish harami pattern. 231 resistence for tomorrow. 238 is good to exit the script. Pressure in the script
Name: PCJ Term: Short term CMP: 338 View: Jewelery stocks are not working. Sector is under pressure. Not to get into such scripts. 355 is good to exit
Name: TATAMOTORS Term: Short term CMP: 353 View: made a bottom of 340. bullish morning star. Volumes at bottom. Buy 349, target 358.(intra). Hold for long term
Name: DLF Term: Intra Day CMP: 217 View: Made a hammer formation,216-17 is a good point to enter and can go up to 220-21 and 232 if nifty holds.
Name: HDIL Term: Long term CMP: 41 View: Coming out of Future segment in April. Buy at 37. Hold for long term for target of 130.
Name: SAIL Term: Long term CMP: 72 View: Short term 74-75. if it hold then targets of 79-80. hold for long term.
Name: GRAPHITE Term: Intra Day CMP: 674 View: Standing at resistence. Do not trade in this script for intra day. Few gaps at the bottom.
Name: AVANTI Term: Short term CMP: 2281 View: Long red candle. Can come down at 1700 &900. can drift down. If carrying then exit.
Name: ANDHRABANK Term: Intra Day CMP: 36 View: Hammer formation. A momentum carry trade, buy-35.90,35.10 target-38.10
Name: SANGHI INDUSTRIES Term: Positional CMP: 118 View: A reversal is there. Resistence at 121. need to break this and then target of 128.
Name: UTTAMSTEEL Term: Long term CMP: 16 View: Very slow moving.
Name: BALRAMPUR Term: Intra Day CMP: 86 View: Buy- 86.10 Target90.80
Name: HEXAWARE Term: Positional CMP: 375 View: Break new high. 382 immidiate target.
Name: DIVISLAB Term: Positional CMP: 1013 View: Avoid, resistence at 1024. there is a technical gap. If it breaks 1025 then target of 1050. Will correct to 934 levels.
Name: SIEMENS Term: Intra Day CMP: 1106 View: Reversal. Over sold. Get into 1102 target 1127.
Name: INFY Term: Short term CMP: 1185 View: Rounding bottom. Gap up opening buy 1167 and consolidate target 1260
Name: YES BANK Term: Intra Day CMP: 311 View: Buy at 309. SL 304. Target is 317
Name: LUPIN Term: Short term CMP: 770 View: Ready to touch bottom. Correct to 707. then have a look again.
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