Nifty & Bank Nifty
Nifty : Support 8205-8155-8110 Resistance :8295-8370-95 Above 8411 Nifty can test 8480-8520.BankNifty : Support 18380-20 to 18000-17800, Above 18610 Resistance will be 18800-900 range & above that target will be 19350-19700.
Calls & Updates
Asian Paints : Below 725 more fall likely.
Arvind : Stock completed our short target 260-40 from 292-93 in 2-3 weeks,Later on Wednesday we initiated long near 245-50 which hit our long target 277. Now trade long only if stock trades & sustains above 277.Adani Ent : Completed our short target 432 (hit 427) from 474. Call closed.
BF Utilities : Stock did our target 430 from 550 in just 2 sessions. Now stock has resistance near 560-65
Bharti Airtel : Trade long above 350
Bank India : Stock is looking good for medium to long term, Stay long & add more above 305 for medium term target of 400-520 keep sl 260 support 270Cairn : Completed our short targets 232(Did 228) from 260. Call closed.
DLF : Completed our short target 142-137. Now buy on dips with sl 123Glenmark : Keep stoploss@730in longs . Add longs above 755.
IDFC : Stock moved as per our prediction,Stock Need to close above 158 for further upside.
IOC : Stock hit our short targets during the week. Later on Wednesday we closed short call & initiated long with sl 317(Posted on FB/Twitter), Now stay long/add more above 334 for 344-50
IBReal Estate : As predicted stock hit low near 63 & bounced sharply upto 71+ mark, Hope you enjoyed the sharp move.
IRB Infra Stock hit a low of 230 & bounced upto 255+. Now change sl from 230 to 240 & Add more longs above 257. Stay long.
IVRCL Ltd : Stock moved from 14.50 to 15.90 in last week, Add more on dips for higher targets. keeping sl below 13.
ICICI Bank : Our Sort call on ICICI Bank did great, stock hit 360 to sub 320 levels.During the week we closed our short call & initiated long near 325-30 with sl 314, Now stay long/Add more for targets of 370-75 to 390-400.with trailing stoploss of 340 support 350.
Hindalco : Long initiated near 144 hit 158 during the week. We are holding longs for short term targets of 175-18 to 200. Support 151-54
Havells : Longs were initiated near 252 with sl 250 on Wednesday for a possible bounce back after a sharp fall in stock price due to managements's negative outlook.Crossing the resistance range 272-75 will trigger further upmove towards 290-300 levels.Exit below 260
HBL Power : Investment Idea : Add for 40-45 in near term. Support 27 sl 25
J&K Bank : Stock hit 138 to 153 in last 3 weeks, Stay long for higher targets change sl to 148
PFC : Trade long with sl 290 support 294 Resistance 310-20
REC : Stay long . support 323-20
SBI : Stay long for our targets.
