Nifty : Nifty Failed to take support in our initial support range
of 8720-8670, Now watch 8530-8490-8420 as crucial support range Below 8640-8600,
Resistance on any rally above 8700 will be 8770-8810-8880.
BankNifty : Bank Nifty is now trading in support range of 18800-18500. We advise to buy on any
decline in range of 18200-18000 with sl 17800. Breaching this range will
trigger fresh fall towards 17400-17000 to 16400.
Fresh Calls
Archies : Stock can test 32 above 29, keep sl 27.50
Dolphin Offshore: stock is trading near 61.8%fibonacci support of
entire last rally from 94 to 235. Trade long above 152, breaking 148 will open
fresh downside towards 130-18.
India Cement : Add for
106-10 & above with sl 96
Liberty Shoes : Buy with sl 250 on closing basis.
NALCO : Stock looking on charts. Add on dips for 52-56 with sl 47
JSW Steel : Below 955-50 stock can test 900 .
Jubilant Food : Add above 1470 for target of 1600 sl 1405 Support
1440.
Tata Steel : Trade long above 377 & Sell below 367 for 350-40
Updates /Stocks To Watch next week. :
Alembic Pharma : We advise investors to exit if this stock breaks
418, Stock has came down sharply & can test 392-78-60 in coming days. Fresh
longs only on close above 435 with good volumes.
ALBK : Last Stock completed our short targets from 124 to 106,
& as advised last week add longs near 109 with sl 107 on closing basis for
targets of 116 & above.A close below 107 will trigger fresh fall towards
97-90
Arvind : Stock looking good on charts. Any dip will be a buying opportunity
with sl 272. Possible target 292-98 & above.
AMTEK Auto : Stock can test support range 145-32 in coming days.
Amtek India : Stock has breached 68, we exited our positions. Now
next support near 50-48
ACE : Below 37 stock can test 34-32, which will be a great buying
as fresh investment is coming in infrastructure projects which will increase
demands of products this company in coming days.
Apollo Tyre : Add on dips near 203-200, Below 200 stock can test
193-89.
Asian Paints : Last week we advised to stay short & stock did
857 to 789 completing 23.8% Fibonacci Retressment level . Add with sl
Astra Micro : Stock looking weak & can test 106-102 below 116
Bank India : Buy on any decline near 240-32 with stoploss of 225
for possible targets of 258-72 in coming days.
BHEL : Buy on dips near 257-52 or above 268 with sl 250.
BGR Energy : Buy on any decline near 140 with sl 132 for a
positional target of 152-65 & above.
Bharti Airtel : Buy with sl 358.
Bliss GVS Pharma : Long was advised near 67 for the targets of 87 which
was updated later to 114. Stock did 128.80 from 67 in last one month. Add more
on dips near 95-90 with sl 87
Crompton : Initiate longs only on a close above 162 with good
volumes.
Century Tex : During the week we advised shorts below 550, Next
support is near 490 breaking this level will open fresh downside towards 460-40
while a close above 512 will attract buying for a small bounce.
DLF : Stock did 180, Any fall towards 157-52-46 shall be used as
buying opportunity keeping stoploss below 140
Godrej Ind : Stock can take support near 300-289
Hindalco : Stock can take
support near 144, Add on dips.
HDIL : Stock hit 81 to 115, Stay invested for the targets given
last week.
ICICI Bank : Buy here and on dips near 325 with sl 318.
IDEA : Hold longs and add more above 158. Support 152
ITC : Long was advised on Thursday near 372, add for 378-87
support 370-66
IRB : Buy on dips near 257 with sl 250
Jain Irrigation : stock has good support near 65, Add.
Jindal Steel : Buy on dips near 135 with sl 130 on closing basis.
RCOM : Add with sl 68.50, Below 68.50 targets will be 64-60 &
below.
