Nifty - Low 9687 - 9685 - Long term trend Stop Loss. We may witness panic selling below this level. Trigger 9630, 9606 last hope and might reverse from that level. If not reversed from this level, we can see 9470-9500. We have to revisit the charts around 9600 to decide the next turn.
Reliance Infra - Long term symmetrical formation with volumes not sustainable. Once it breaks the current support of symmetrical triangle 457 and stands we can see 432, 416. Buy put of 420 if it breaks 457 and sustain as immediate target will be 441.
Bank of Baroda - Stock is in deeper correction - can reach to 128. Breaking 137 with a target of 132, 128, 123
DHFL & Escorts - Good quarter result expected. Maintain buy.
Axis Bank - Is in negative channel. 524 is higher end, 480 is lower end. If we are breaking 490 levels and consolidate this time we can see 425 levels. Below 500 levels keep the stock in radar
Members Queries -
JSW Steel - Stock has already move. Trend is negative. 125-124 - best support and 140 should exit. Possibility of reaching 125 is expected more. Shorting opportunity can establish if 132 breaks. If breaks 125, we might see 106 levels which is little difficult and can be decided at the levels of 125.
Vimta Labs - 120 is best support to buy. Less Volumes. Entry 120, 117, 113 with a stop of 109
Ashok Leyland - Given buy at 92 levels with target of 140, 180, 200. Currently it is at 120. Would suggest to wait for Nifty correction, buy when the stock comes down at 112, 102, 98 levels and keep it in portfolio
Tata Motors - It is a turnaround. We have bought at 480 / 490 levels we have not booked. I am bullish and it is portfolio stock. You should not be in for 100 or so movements but for the longer target of 1000 and above.
South Indian Bank - Buy - 26,24 with 6 to 8 months perspective.
Crude - Cooling period going on and its not bearish. Holding currently. Monthly breakout has given with volumes. if you want to buy now - enter at 3330 with a stop of 30 points for 3500 and sustain (around 15 days) for 4100 and higher.
Star Paper - Trying to bottom down and distribution going on. Current support 170, 150, 148 levels. Below 170 and sustain it is a problem and can see 150, 148 levels soon
ICICI Pru - Bottom at 362 levels - good support and buy for portfolio buy for longer period. Trend is making topping formation.
DHFL - Quarter results are good. Higher end 650, 680, 700, 750 levels. Start adding before 10 days of results and you will make good return.
Auro Pharma - Double bottom formation. 680, 690 levels should see some consolidation. 650, 648 levels is good entry levels. When Nifty breaks keep the levels in mind and enter
Lakshmi Energy - Sooner or later it should bounce back and next three months should see 52 - 55 levels. Company has posted profits, it is the matter of time when analysts realize and enters the counter.
Bajaj Hind - Not bullish on commodity sector. It is trending down and short term view is negative.
Bombay Dyeig - Hold for the target of 800. We have entered at 70 levels and would suggest to keep it in portfolio
BFS: Holding the scrip from 47 levels. It is the matter of the time, the stock will give positive returns with the initial target of 70 - 72 levels.
Tata Power - Is in range bound. REC is good. If you get at 140, 137 levels - buy and hold
Vakrangee - I don't follow much. Charts is showing the sell. Monthly it has made the hammer candle. Book profits.
Idea - Need something more innovative & quality to compete with Jio for it to work.
SBI - 237, 235 is the best support. PSU will correct.
RBL Bank - Portfolio Stock. Lack of performance in last few quarters but management is good and working on it. 460 levels can be a good entry.
Reliance Infra - Long term symmetrical formation with volumes not sustainable. Once it breaks the current support of symmetrical triangle 457 and stands we can see 432, 416. Buy put of 420 if it breaks 457 and sustain as immediate target will be 441.
Bank of Baroda - Stock is in deeper correction - can reach to 128. Breaking 137 with a target of 132, 128, 123
DHFL & Escorts - Good quarter result expected. Maintain buy.
Axis Bank - Is in negative channel. 524 is higher end, 480 is lower end. If we are breaking 490 levels and consolidate this time we can see 425 levels. Below 500 levels keep the stock in radar
Members Queries -
JSW Steel - Stock has already move. Trend is negative. 125-124 - best support and 140 should exit. Possibility of reaching 125 is expected more. Shorting opportunity can establish if 132 breaks. If breaks 125, we might see 106 levels which is little difficult and can be decided at the levels of 125.
Vimta Labs - 120 is best support to buy. Less Volumes. Entry 120, 117, 113 with a stop of 109
Ashok Leyland - Given buy at 92 levels with target of 140, 180, 200. Currently it is at 120. Would suggest to wait for Nifty correction, buy when the stock comes down at 112, 102, 98 levels and keep it in portfolio
Tata Motors - It is a turnaround. We have bought at 480 / 490 levels we have not booked. I am bullish and it is portfolio stock. You should not be in for 100 or so movements but for the longer target of 1000 and above.
South Indian Bank - Buy - 26,24 with 6 to 8 months perspective.
Crude - Cooling period going on and its not bearish. Holding currently. Monthly breakout has given with volumes. if you want to buy now - enter at 3330 with a stop of 30 points for 3500 and sustain (around 15 days) for 4100 and higher.
Star Paper - Trying to bottom down and distribution going on. Current support 170, 150, 148 levels. Below 170 and sustain it is a problem and can see 150, 148 levels soon
ICICI Pru - Bottom at 362 levels - good support and buy for portfolio buy for longer period. Trend is making topping formation.
DHFL - Quarter results are good. Higher end 650, 680, 700, 750 levels. Start adding before 10 days of results and you will make good return.
Auro Pharma - Double bottom formation. 680, 690 levels should see some consolidation. 650, 648 levels is good entry levels. When Nifty breaks keep the levels in mind and enter
Lakshmi Energy - Sooner or later it should bounce back and next three months should see 52 - 55 levels. Company has posted profits, it is the matter of time when analysts realize and enters the counter.
Bajaj Hind - Not bullish on commodity sector. It is trending down and short term view is negative.
Bombay Dyeig - Hold for the target of 800. We have entered at 70 levels and would suggest to keep it in portfolio
BFS: Holding the scrip from 47 levels. It is the matter of the time, the stock will give positive returns with the initial target of 70 - 72 levels.
Tata Power - Is in range bound. REC is good. If you get at 140, 137 levels - buy and hold
Vakrangee - I don't follow much. Charts is showing the sell. Monthly it has made the hammer candle. Book profits.
Idea - Need something more innovative & quality to compete with Jio for it to work.
SBI - 237, 235 is the best support. PSU will correct.
RBL Bank - Portfolio Stock. Lack of performance in last few quarters but management is good and working on it. 460 levels can be a good entry.
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