Stocks To Watch
Nifty : Nifty is continue with its upward move as predicted & its almost a 900 points rally in last 5-6 weeks since we entered near 7750-7800..Still there is no sign of weakness. Last week we gave targets of 8580-8620 for nifty which was achieved splendidly .Now keep watching on 8620-55 range, Above this range nifty will again show fireworks towards 8700-8770-8830 to 8970 in coming weeks.While major support will be 8530-8490 to 8410-8385. Stay long.
Bank Nifty : Again & again it seems like bank nifty is following us. Last week we told you to stay long for our targets of 18500-600 & BN hit 18615.Now we adwise to take some profits home. Hold /Add above 18600 for our long term targets of 20000-21000 & near term targets of 19350. Support on charts exists near 18200-18050-17800.Arvind : Stock hit our short target 272 from 293-94. Stock is in downtrend & taking suport near 272 , However below 277 stock can fall again towards 260-240 Resistance 287 stoploss for shorts@291
Adani Ent : Stock hit our short target 450 from 478 in last week & closed near 458. Stay short/Add more below 452 for fresh target of 442-32 keeping stoploss of 465. Trade long above 465 for 472-77
ALBK : Finally the downtrend has changed into uptrend in expectation of a Rate Cut announcement from RBI in its policy review.Last week I told you that 3rd day will be crucial for trend change for ALBK & it moved from its low near 112 to 122. Now watch 124-25 if crossed in next 1-2 sessions stock will definitely move towards 129-134. Any close below 117 will lead further fall towards 112-101.Asian Paints : Stock is already moving as predicted from 680 hit 750+, Keep holding for next target 800-75. Fresh entry only above 752
Amtek Auto : Last week we advised to buy on dips below 200 keeping sl @188, during week stock did a low of 190 & bounced to close @ 214 . Stay long & add more for targets of 260 & above in coming weeks.
Havells : As predicted Havells moving towards our targets given in our older post. Stay long for the targets given earlier. Click here to check our targets
Hindalco : Completed our target 174 in two weeks.Stay long for target of 184-92-98 with stoploss of 165, Fresh entry above 175.
Gitanjali : Add with sl 48, Breaking 48 will lead further fall towards 36.
Glenmark : Stock is looking good & can test fresh highs.
LIC HSGFIN : Add for higher targets.as given last week.
India Cement : Trade long with sl 93 target 103
IRB Trade long above 275 for short term target of 290-300 to315 keeping sl of 262
UPL : Stock hit our short targets of 338-34 below 344. Now trade long above 347 with sl 337.
Essel Propack : During the week stock hit our entry level 120 & bounced upto 130, One can accumulate on dips near 120-18.SUNTV : Add more on dips near 315 Change sl from 295 to 302
Raymonds : Double top on charts near 310, Stock need to cross 510 for fresh highs. Above 510 stock can test 550-630 Exit if breaks 470 on closing basis.
Ranbaxy : Add on dips near 600-590 sl 586
REC : Add for 380-420 support 320-37
Jagson pharma(507789) : stock has already rewarded investors 5x in last 1 year. Now its time to book & exit in the range of 41-44 .fresh buy only if sustains above 44 on weekly closing basis.with volumes .immediate resistance 38.5
J&K Bank has done double bottom formation on charts . volumes were good 5x from daily average. Add with SL 132 . abv 144 stock can try to retest previous highs
Cairn : Sell below 258 for 242-32 to 210with sl 274 Resistance 268.
RPower : Time to enter with sl 65
