Ticker

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How To Trade : IDFC,Hindalco, IBReal,ICICI,SBI,Cairn & others


Nifty : Support 8150-8040 Resistance : 8295-8380-8450, Currently trading near 50DMA
IDFC : Stock is looking good on daily charts & can be accumulated in range of 150-53 keeping stoploss @149 for targets of 169 to 210 in short to medium term , However breaking 149 will ensure double top formation which was done near 166 recently. Double top is a bearish formation. Below 149 stock can retest 135-30 range.

IOC  : Stock is trading range bound since long. Stock has range support near 336 below that trendline support exists near 325. Sell below 340  & add more shorts below 336, cover/add longs near 327 with sl 325.

IBReal estate : Stock after rallying from 63 to 85 last month now has corrected significantly & trading near 67. We advise to start buying on dips near 64.50-63 with stoploss of 62 for good upmove from current levels in next few weeks.

IRB Infra : Stock is in oversold zone, catch in range of 244-38 with sl 230

IVRCL Infra : Add near 14.50 with strict sl @13.25

Hindalco : Buy on dips with sl 143 on closing basis.Support 147

Hind Dorr Oliver : Stock hit 15 to 19.50 last week, stay long. Any move above 19.50 will attract further buying & stock can test 25-27 and above.

BFUtilities ; Below 550 stock can test 460-30 levels

BankBaroda : Support 1050 below that stock can test 1020-960

Updates :

Jain Irrigation : Catch with sl 75 on closing basis for our targets. cmp 76.15
DLF : Below 150 stock can test 142-37.
ICICIBank : Stock has tested our first target 348, Stay short for final target with sl 352
SBI : Stay long & add more on dips near 305-295 for targets given earlier.
Arvind : Trading near our short target, Hit 265, Stay short for our targets
Adani Ent : Short call completed our targets from 478 to 432 in last 3 weeks.
AMTEK Auto : Support 190 below 200
Cairn : Hit our first short target 242 .Stay short for our final targets.
J&K Bank : Hit 138 to 150, Add more on dips.
Ranbaxy : Completed our target 640-660(Hit 654)
Raymond : Stock Hit 470 to 479+, Now support near 495.
LIC : Our call hit 340 to 463, Now add more near support 432-24
SUNTV : Stock hit 312 to 388, Add again on dips near 300