Nifty - Almost making new high and trying to close higher than previous close, however there is lack strength. Buy on dips and sell on rise should be our strategy
Resistance remain 10350.
Supposedly there is gap down opening - support levels 10143
Upper range band 10320-10348
Bank Nifty - Lacklusture performance - PSU not participating. Support 24480 and if closing around 24718 we can see 25000
ICICI Bank - Buy - 271, 269.50 for 5-6 points
Yes Bank - If sustain above 375-376 we are heading for the new high of 390. No sureshot breakout but can play for 4-5 points looking at the bank nifty
Buy 368 with SL 364 for target of 379
PC Jewellers - Buy - 373/2 SL - 366 for target of 388/389. Don't close position if at the end it is holding 388 for larger target of 405 during Diwali Muharat Trading
Bharti Airtel - If 480/490 levels are sustain it opens for 700 levels.
DLF - Buy at 177 for 181, 184-185
Granules - Buy on correction at 137, 130 for portfolio for the target of 210-215
Cyient - Buy 533/535 SL 510 for 800 as a target
Members Queries
Axis Bank - If it closes below 499 we will downgrade for 445. If we sustain 505-506 for an hour we can see 570. Though I don't expect much of selling on the stock. Whoever has purchased 540 call, if it bounces from 506 to 511 within minutes keep holding the stock and book at around 525.
Lakshmi Vilas Bank - Support at 132 - Looks positive but will take time to reach higher targets.
If want to trade buy 145/146 levels hold it for 155 for short term.
Sanwariya- it is a range bound from 7-14. Book partly at current levels.
Infosys - Short sell at 934 for 926. Not much momentum seen in the stock Re- buy at 922
SBI - Some problem is with banking PSU. This expiry if these are not participating we may see big crack in PSU and bring volatility can be seen in Bank Nifty
249 is Strict SL
250.50 - buy and sell at 253.50
If broken 249 we may see 237 levels.
Till Diwali bullish - but be cautious
Reliance Industries - Sustain 872 levels - it opens for short for the immediate target of 852
It is buy above 890-891.
872 is support as well as resistance - if you still wish to buy keep the stop loss of 865
Looks a slow mover and avoid to trade at the moment
ITI - Making rounding top with low volume. Looks like some announcement is expected. Fresh entry can be made at 142.70 - SL - 138,133 for target of 151, 170
Sanghi Industries - 124 - Support. If broken with volumes stock may move to 115 levels.
JaiCorp - Ready for the movement to the bigger targets - 147, 187, 250 in next 7-8 months.
For short term - tomorrow buy 115 for 126.
Himadari Chemical, Phillip Carbon, Goa Carbon, Graphite India - All are hold
Graphite India - Buy 415-405. It will consolidate a bit and can give a price band of 570-580 (long term)
Himadri Chemical - Buy 151, 135 for long term
Divis Lab - There is no breakout as such. Can play just for 4-7 points. Buy 882-881 for 886 - SL 875.
Momemtum only above 886 for 892-893. If it holds this levels, book 50% trail it to 904 and if closes above 905 keep for higher targets of 950
Ceat - Interest only above 1751 with consolidation and volumes for 1815 and above this with volumes can see 1875 targets
Reliance Naval - Trending downwards. Support 47
Century Textile - Buy 1305 intra day target 1323. If sustain above this, we are heading to 1375 levels. SL 1287
BHEL - More correction expected. Immediate support 72. Not interest to buy the stock. Short at 87 with SL of 95 for target of 72
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