Highlights of Concal - 16 Oct 2017 by Puneet Singh Marwah

Nifty is about to touch upper channel line. Resistance 10340/48. Good result can result in 10500/10. Stock specific movement is expected. Banking results came so far has been good.

Axis Bank - Evening Star with volumes has seen Result if comes post market, short sell 523.50 SL of 530 and intra day it may touch 511, 508. Close your positions - it's an intra day position. With the profits made you can do a btst buy a call of 540 and can a gap up opening can be seen day after tomorrow @ 535 and move to 541 as the results expected are good.

Phillips Carbon - Portfolio Stock - 850 is a best buy with a target of 1500/1600 in the 6-8 months time frame

Federal Bank - Made a good profit from 114 - Tomorrow expected 128 levels. Open expected 125

Hexaware - Bound to go 310/320. Operators is playing smart. Tomorrow if trades 280 for first half an hour - 288 would be intra day target. 292 is resistance and 310 is next resistance


                  

Reliance Capital - Chances of some kind of reversal as it can be seen in oversold zone on daily as well as on weekly zone. On RSI, William% & Stochactics - its looks in control. 420/439 if broken the trend line. If stock has to bounce it has to bounce from this level.

511/512 can be a good buy, 502 another support, 484 -SL and we can see the levels of 583 / 590.

For intra day, 532 with a SL 524 target of 545-548. If it hit's the SL of 524 take it positional stay for higher targets of 583. Keep the SL of 484

M&M - Moving for a longer bet. Buy around 1324/1340 positional target 1500.

Tata Motors - Consolidated and given good base. Today volumes were supported as well. Tomorrow for intra day, 434 - buy for the target of 441/442. No SL. keep in portfolio if it goes down as well. Buy on very dips.

Infibeam - 110 we will buy

Bajaj Auto - Will hit our target of 3290 soon and will consolidate and move to higher targets of 3700

best buy for positional 3160/3170




DHFL - Positional - 547-553 is a good buy for 598, 700++

Members Queries

Crude - Bullish. Next target 3700

Jindal Steel - Breakout can been seen with doji which shows indeciveness. Volumes are not attractive. Next 15 days should see consolidation then we are heading higher. Fresh position can be bought at 158/159. SL - 152 for the target of 187/188-190. Book 50% at 169

For shorting 168 for 160. Next few days it will show consolidation. Track the results and play in the stocks and short when Nifty at 10340 levels

Sun Pharma - Broken ascending

518 is a base, mid term range is 537-540. Higher end it can touch 610 levels. It is a range play.

IDFC & IDFC Bank - Positional bet. Keep it for next 5 years. Buy and forget.

Equitas - Worrisome stock as of now. Worst performer as per the Analysts. It is in range from 147-170/175. Keep a SL of 137 and play in the range

Raymond - Buy at 840-841 and sell at 855 / 866 (intraday)

Indusind Bank - Short sell at 1740 SL 1757 for the target 1688 / 1667

BOB - No movement at all. Wanted to break 136/135. Once broken that level - it will be negative. As of now no interest in PSU
BOB / Canara Bank / SBI all are oversold and waiting for numbers.

Any improvement in results will results in
BOB - 165 / 170
Canara - 340
SBI - 267

Radico Khaitan - Good volumes but the play is already looks to be done in the new territory today itself. Buy 50% of the range which is 201/202 for the target of 245/250. Wait for consolidation and then buy at 201 levels.

Rain Industries - Accumulation from 150 levels. Find resistance 224. Overheated RSI. Stock may see some consolidation and will move for fresh upside. Stay invested and 190 levels is the good support where you can enter again for the higher targets.

Sanghi Industries - Best buy 110 - 115. It will consilidate for month or so. But the stock is heading to 160-170 levels in next 6 months period

RBL Bank - Tomorrow 528 can be seen and will consolidate for few days around that level. Once it crosses 528 with volumes 547 will be the immediate target

ICICI Pru - Best Buy 360 levels - good portfolio stock

DLF - Management was not sounding bullish in last interview. Till Nov it will be in range. 167 around - good buy. Track the result. Buy before 10 days of result day and for the target of 190 levels.

Fortis - 167 before expiry can be expected.

147 - SL

Bohra Industries - 70-75 is short term target but wait for the reversal confirmation

Tata Coffee - Target 132 at the bottom

Cipla - Buy 598 for the target of 606/607. Will be in range. Fresh trade will be seen 612

Glenmark - 540 can be seen. Short term reversal from 630 levels. Buy 540-550 is the good range to enter till than avoid.

Just Dail - Better to avoid to take positional trade on the stock

JP Associate - Buy at 17, 18.10 with a SL of 15.70 for 21, 26 - can take 6 months time. Fundamentally not interested and volumes looks artificial too. So doesn't attract me.

Bajaj Hind - Lower trend will be seen. Better to exit

Bhushan Steel - Avoid the stock.

HDIL - Buy at CMP and 50% at 42 for 180 target


Godrej Agroviet - Good for long term portfolio