ACC : Stock is in correction mode since last 10 days & weekly charts are still looking weak however as per daily charts stock can find support on dips near 1305-1295. Add in this range with sl 1290
Adani Port : Stock is looking good for targets of 250-60 in coming week. Keep stoploss below 222
Adani Ent : Stock is in bears grip since last two weeks but on Friday stock bounce backed sharply. We hope this positive movement will continue upto 490-520 support 477.Arvind : Stock touched its 50d MA in downfall on Friday. Buy on dips near 180 with sl 177 (lower range of bollinger band.However below 177 stock can fall upto 168 sharply.
Asian Paints : Stock has suport near 501. Buy on dips near 507 or above 512 with stoploss 495 for 525-32 to 547-50.
Hindalco : Company has reported good results & we hope this stock to do well in coming days. On Friday stock closed down @147.70 which is a 23.6% Fibonacci retressment level of its current rally from 97.50 to 163.55. Stock has support near 146 (20d MA). Buy on intraday declines.
Infosys : Stock is in downtrend since Feb,2014 & has already corrected more then 1000 points. As per charts stock has limited downside left till it trades in range of 2820-3025. Breaking this range anyside will decide further move for this giant. However on daily charts stock has formed a bullish candle which indicates some positive trade upto 2975-3020.
Reliance Capital : Trade long above 533 & short below 519.
RCOM : Sell near 137 with sl 140 for 134.50-33 to 130-28.
DLF : Trade long support 206-05 .
Cipla : We initiated long@375. still a buy for 390-94-402 to 410-20 support 380.
