Finance
LIC HOUSING (W)Trends have been quite negative and despite the bullishness seen on the markets this stock has only headed lower. The prices have now breached the important supports and could tread lower. The prices are already trading below the ascending trendline. With the prices now breaching important supports on higher timeframes and the momentum too not supporting the recovery we can look for some sustained decline that could emerge in this counter in the coming weeks. Look to short with stop above 598 for a drop near 561.
NBCC DailyA mega project was awarded to State-owned construction firm NBCC Ltd worth Rs 3,200 crore project from the union finance ministry to develop a residential-cum-office complex in Mumbai.The prices had been showing some promise for the past few days but were curbed by the median line. However the strong breakout above the median line does spell well for the prices.Further the ADX and positive DI lines are inching higher suggesting that there could be more upside seen in this counter in the coming days. One could look at a potential target of 235 and look to participate at current levels and on dips towards 215-213.
