HINDALCO looses 3.4% on NSE today with greater than average Volumes and fresh shorts seen on stock. Sell HINDALCO around 202.55 with Stop-loss on closing basis at 206.25 and Target of 190.10
AXISBANK lost 3.5% on NSE with 4 times its average volumes. Its trading below Ichimoku Cloud signalling further weakness in the stock. Sell AXISBANK around 503 with Stop-loss at 311 and Target 1 of 482 and Target 2 of 478
SOUTHBANK is the weakest in Private banks and looks a good shorting candidate. Sell SOUTHBANK at 23.75 with Stop-loss of 24.5 and Target of 22.15
L&TFH has broken down Ichimoku Cloud with good volumes. Sell L&TFH around 154.45 with SL of 156.45 and Target of 149.20
HCC has broken with greater volumes on NSE below Ichimoku Cloud and with bearish indicators setup. SELL HCC at 30.35 with Stop-loss of 31.25 and Target1@29 and Target2 @ 25.80
ONGC is in downtrend and with higher volumes on NSE. SELL ONGC at 178.50 with Stop-loss of 184.3 and Target of 170.40
MARICO traded in HIGH volumes on NSE today which broke above Ichimoku cloud. Buy MARICO at 312.80 with SL of 310. and Target of 322.5
Sell ULTRACEMCO at 4054 with Stop-loss of 4080 (Stop loss is on closing basis, Please do not exit the stock in intraday volatility), and Target of 3980
DIVISLAB has increased OI today on NSE on greater than average Volumes. Buy DIVISLAB on NSE around 1068 with Stop-loss of 1043 and Target of 1120
MARICO has sold today with slightly larger volumes on NSE signifying a sell in MARICO around 302.10 with Stop-loss of 304.30 and TGT of 298.55
NMDC lost 6% on NSE today with twice its average traded volumes. Fresh shorts have also been initiated. SELL NMDC@123.90 SL:125 TGT1:122, TGT2:119.40
MINDTREE has yet again outperformed with 5.5% gain on NSE with 2.5 times volumes. Stock trading above Ichimoku Kumo with Rising ADX signifying a buy around levels of 836.5 with Stop-Loss of 820 on closing basis and for targets of 920. If trading in CASH segment, then keep the stop-loss at 802 on closing basis. And hold the stock for further up move. Please do...
SIEMENS again can be sold only below 1164.5 with Stop-loss of 1174 and Target of 1132.Please consult your financial advisor before taking this call. Or you may consider to HEDGE your position as SIEMENS is closing its support area.
NSE:SUNPHARMA has gained 5% on NSE with 4 times its average traded volumes and have closed just above Ichimoku Kumo High, classifying the stock in bull phase. Buy MAR FUT SUMPHARMA above 582.1 with stop-loss of 576.0 and Target 1 at 587.65, target 2 at 592.70 and Target 3 at 599. Can hold the stock if closing above 600 for levels of 620
NIITTECH has crossed recent resistance and above Ichimoku cloud. And has increased volumes on NSE with gain of 4%. Buy NIITTECH at 857 with Stoploss of 837 and Target of 904
TV18BRDCST has gained 3% on NSE in otherwise bearish market with crossing over the Ichimoku cloud and Tenkan corss Kijun signalling a further upside for TV18BRDCST. Buy only at 61.85 with Stop-loss at 60.60 (on closing basis) and for targets of 65.60
BANKNIFTY just breached ichimoku Kumo signalling a buy above 25720 with Stoploss of 25532 and Target of 26200.
NIFTY Just crossed Ichimoku cloud with supporting RSI and likely to close above it. Which has also confirmed NIFTY crossing EMA20 on Daily charts qualifying a BUY with Target of 10720. Could this be a re-start of previous bull-run? Yet to be answered. however, Long trade is setup on NIFTY for now.