Nifty : Nifty still looking week on daily charts. stay short with targets given earlier with strict stoploss of 5725 on closing basis. Nifty can witness some support near 5610-5560 below 5670-50.Below 5550 we can fall further towards 5450-5360.Apollo Tyre : Stock is looking oversold & has already corrected near 20% in last 1 month. We advise investors to accumulate on dips this stock in range of 81.50 to 83 or above 86 with stoploss below 80 on closing basis.
Arvind :Stock is on fire since we entered near 74.50 on last Wednesday. We are still bullish on this stock for higher levels. Catch below 80 or on dips near 78 with stoploss below 77.75 on closing basis for target 81.50-83-85 in short term.
Axis Bank : We initiated long near 1115 last week & stock is still rocking closed above 1200. We are still bullish on this stock for short term. But after watching Friday's biggest 4 month fall on US indices we are changing our view to stay cautious . Stock has good support near 1188-75-65below 1200 however a long trade may be initiated if trades & sustains above 1208 for 1235-70-1300.
Bharat Forge ; Looking weak for target 296
BATA :support ear 900-915
BHEL : Catch on dips near 239 with sl 237 for target 244-48
Bharti artl : Catch on dips near 265 or above 268 withstoploss below 263 for target 271-75 to 286 in short term.
CESC: Stock can test 347-52 in near term . catch near 337-39 with sl 336
Dish TV : support@75 below that we may see 70 levels soon.
Jain Irrigation : support@68
JPAssociate : Stock has support near 93.25 Below that stock can test 91-87-85 stoplos above 95
Tata Motor : Stock may test lower levels due to profit booking on this counter. Sell for target 261 with stoploss above 273.50 resistance near 270-71.
INFY : Stock has corrected sharply after recent results.Now we hope this stock to get some buying support near current levels. catch on lower opening near 2380 for target 2415-45
SUNTV : stock did very well on Friday. catch on dips near 357-61 with stoploss below 355 for targets 367-73-81-90
