Nifty View
We are seeing the first sign of weekness as we see the evening star
formation on daily candles having big volumes. We might see some selling. Suggest to
hedge the position or play with small quantities.
First Support can be seen at 10243. 10222 would a stop
loss for a bull trend.
Otherwise we can enter into a bear trend and it can take us to 9700 levels.
PSU like Canara Bank, SBI all showing the negative trend in price as
well as on indicators.
DLF keep holding for the target of 224 who have entered when we initiated a buy at 174
It will consolidate in between - 198-203
New entry can be made at 198, 196 with a SL of 191 for the target of
224
Dabur was initiated at 287 and today it has given good breakout – keep
holding for 348 target for short term.
Sun TV closing above 865 we are holding for 940 on short term and long
term target of 1200
ZEEL is still the holding and will consolidate for next 4=5
days. Once we break this we can see 600 levels
If we get an entry around 536 could be a fresh entry who has missed
the bus
Hexaware: Tomorrow results.
Short 287/286.50 for 282-280. If breaks and consolidate
below 280 our target will be 270-268
If number are good. Make a low of 280-281 with a SL of 278 and if
consolidate above 292 we will see levels of 312 intra day. Be watchful. There is
earning opportunity both side.
Members Queries
Tata Steel – It is in week zone. Shorting opportunity if we touch
713-714 with a stop loss of 718 for 680/682. Any reversal in Nifty can result
in profit booking in large cap too
LIC Housing – Bottom out. Good point to enter at 590 bounce and
sustain 602 then hold else exit
Purva – Scrip is in distribution mode. If it is consolidate above 103
we will think and check again. If you still wants to buy have a stop loss of 93.50
or so. I don’t recommend to buy though. Next level to buy at 77 which could be a good buying level
Ballarpur: Technically it is bottom at channel. Higher can reach to
15.50. Exit at 15.50. Avoid holding. Can test the levels of 8 to 9
Jaicorp: It will take 2 – 3 months of consolidation and complete the W
pattern and come to the levels of 210. Long term is hold. Best buying point
will be 116, 100
BOB – Super trend negative
Buy 165
162 SL
Otherwise it will fill the gap that is appearing in daily charts. Downtrend visible if closes below 162
GTL Infra: Avoid penny stocks.
For holding period of 6 months to 1
year – target will be 10.50. Book 50% at 10.50 and 25% sell at 14/15. Rest keep
25% for 25 years
Reliance Capital: In consolidation mode. Can break and make a base at
475 levels.
From the trading perspective too should exit if you get a bounce
for the holding that you have of 520 call
Zentec: Whatever bought yesterday seems to be sold out today as per the volumes. On daily
charts not attractive.
On monthly chart it has shown a good bullish candle
crossing supertrend. Short term support can come to 83. Any dips to 75 levels
would be good bet for the long term.
For the holding period of one month, above 90 if it is consolidating
it is good.
On weekly basis 83 levels would be good buy for 99 levels.
DPL: Some improvements seem to come. Charts looks good. It is a
dividend paying stock, with low interest coverage, PE is attractive, promoter’s
stake has increased, debt free company. Mar 2017 is showing loss. Seems
something has been cooking in 2016, 2017. Before that stock was stable. Borrowings became 0 in
2016. Reserves are good too. Need to check in detail on the fundamental basis
on what is the major change happening in the company. It can prove to be a multibagger. Let us study in more detail on fundamentals before jumping in the stock
Coal India: Avoid trading / investing at current levels
Hero Moto: Not on buying side. If I get 3944 I will short.
If you want
to enter, exit before results only. Still if you wish to enter, place buy at
3831-3832 with strict sl of 3815 for the 3930 target. Otherwise I am not
bullish on stock
HBL Power: Buy 62 for target of 75/78. SL is around 60.60
I would again repeat avoid buying mid caps as when our big daddy Nifty
will fall all mid caps will see good selling
HSCL: Keep holding. Avoid entering fresh
Prakash Industries: Entered at 146 what would be the target? Hold it
for 170
Kridhan Infra: Entered at 104 what should I do? Avoid holding. Best
buy is 87
GVKPIL: Target 32
Manapuram Finance: Stock is trending down. Not bullish at this moment.
102 /103 exit if you are holding. Buy only above 105. 103 short for 90-95.
GSFC: Will consolidate for next 1-2 months. Hold for 180-190 levels. For
intraday short 166 SL 169 for target of 156
Can enter at 157 and sell at 166
JP Associated: Entered at 13 on your recommendation. What is a target?
Keep holding.
With DLF, HDIL even this will move up. Just keep holding
