Asian Paints : Add Asian paint above 1715 for 1730-50-75-1800 Stop 1690 support 1705. If sustains above 1800 we can expect rally upto 1920.Below 1690 stock can fall towards 1660-1580
Bajaj Auto : Stock is looking weak and can test 2875 to 2775 if trades and sustains below 2975 with volumes. Stoploss can be placed at 3040. Have a look at daily chart :
Bajaj Finance : Stock formed doji kind of candle pattern on daily chart, which indicates a change in current trend. Further stock has trend line support near Friday low, However RSI (5) as well as RSI (14) both indicating further downside, hence, it is advisable to short only on breach of 3220. Targets can be placed at 3185-50-25 and below that 2980-2850. Longs should be taken only above 3340.
Bajaj finserve : Stock has support around 6200 below that we can expect sharp decline towards 5800-5500 in coming days however minor support exists near 6120-6070. Longs can be initiated only if sustains above 6450. Have a look at daily chart
Dr. Reddy : Stock is looking weak and can test 3890 below 4000 however above 4170 stock can rise upto 4300 . A big 15% to 20% move is expected only if stock sustains above 4300. Have a look at daily chart
INDIGO : Stock is in downtrend but in oversold zone, however below 940-35 stock can further drag towards 870-60 and if holds 940 we can witness retest of 985-90 and above that target will be 1080-1105 to 1255 in coming days.
INFY : Stock above 927 can test 1025 stock has support around 905. Below 905 target will be 850. Have a look at charts
KOTAK Bank: Stock is looking weak and if sustains below 1365, moe shorts can be added below 1335 for short term target of 1315-1285 to 1260. Stoploss can be placed above 1385. Above 1390 stock can test 1530. Have a look at daily chart :
Reliance: Stock is moving great, but now can face resistance around 2235-50. On crossing this range stock can rally further towards 2400-2550. If fails to cross and sustain above 2255 stock may retest sub 2000 levels. Have a look at daily chart
TCS : Stock was in downtrend however on Friday stock formed a candle pattern called Hammer which indicates change in trend. Trade long for 2240-2400 if stock sustains above 2170-80.
