Nifty : Looking weak on weekly charts. Nifty (spot)can test 5115-5050-4950 in coming days in short term if sustains below 5185-5165 Resistance placed at 5220-5265
BankIndia : Short was initiated on Friday 13-7-2012 at 342 for short term target 331-27 . Now stock has given more then expected & hit a low near 315. (+25000 profit per lot) . Now stock has closed with a little positive bias on Friday. But on weekly charts stock still looks weak. Global cues also favors lower targets on this script. Sell Below 323 or near 328-30 on higher opening for target 318-10 with stoploss 333.
Titan : Stock did well in last week. But now its time to book profit if fails to break resistance at 230. So sell titan below 228 with strict stoploss above 330 on closing basis.
SUZLON :Have broken support at 19 & next support looks near 16.75. stay away till stock maintains to sustain above 20./
BGR : Short was initiated @308 on Friday 13-7-2012 for short term target of 295-90 . Stock did 287-88 on 18-7-2012 & now trading below 300 again. Stock has good support near 286-92 So If stock opens lower near 290-92 try to catch with stoploss below 285 .
GAIL : Buy on dips. Stock Looking good for entry on charts near 350-53 for short term targets of 358-64 to 378 with stop below 344
Sintex : Hold shorts for target 61-59change sl to 65
JSW Steel : After completing all my short targets from 708 to 665(hit 663.45) stock has turned positive on charts.Trade long(buy on dips near692-95 for target 715-21 & 735-50 in short term . with sl below 685.
Zeel : stock looking good for entry above 149 for target 153-55 to 160-62 in short term Keep stoploss @145 on closing basis
SUNTV : Stock looking weak for short term targets of 280-77-65 Resistance@293
AxisBank Sell for target 1021-5 trade long above 1065
Arvind : Buy on dips with sl 70.75
We are also positive on : Bombay Dyeing,Jisjaleqs, Abirlanuvo,Adani Ent,Orchid
We are bearish on : HDIL,HndPetro,Ranbaxy,icicibank
BankIndia : Short was initiated on Friday 13-7-2012 at 342 for short term target 331-27 . Now stock has given more then expected & hit a low near 315. (+25000 profit per lot) . Now stock has closed with a little positive bias on Friday. But on weekly charts stock still looks weak. Global cues also favors lower targets on this script. Sell Below 323 or near 328-30 on higher opening for target 318-10 with stoploss 333.
Titan : Stock did well in last week. But now its time to book profit if fails to break resistance at 230. So sell titan below 228 with strict stoploss above 330 on closing basis.
SUZLON :Have broken support at 19 & next support looks near 16.75. stay away till stock maintains to sustain above 20./
BGR : Short was initiated @308 on Friday 13-7-2012 for short term target of 295-90 . Stock did 287-88 on 18-7-2012 & now trading below 300 again. Stock has good support near 286-92 So If stock opens lower near 290-92 try to catch with stoploss below 285 .
GAIL : Buy on dips. Stock Looking good for entry on charts near 350-53 for short term targets of 358-64 to 378 with stop below 344
Sintex : Hold shorts for target 61-59change sl to 65
JSW Steel : After completing all my short targets from 708 to 665(hit 663.45) stock has turned positive on charts.Trade long(buy on dips near692-95 for target 715-21 & 735-50 in short term . with sl below 685.
Zeel : stock looking good for entry above 149 for target 153-55 to 160-62 in short term Keep stoploss @145 on closing basis
SUNTV : Stock looking weak for short term targets of 280-77-65 Resistance@293
AxisBank Sell for target 1021-5 trade long above 1065
Arvind : Buy on dips with sl 70.75
We are also positive on : Bombay Dyeing,Jisjaleqs, Abirlanuvo,Adani Ent,Orchid
We are bearish on : HDIL,HndPetro,Ranbaxy,icicibank
