Mjstocks
BPCL: Sell @ 449.50 SL 453.40 TGT: 424.67SUNPHARMA has broken down on NSE 1.2% with Volumes close to thrice. However there are no FRESH Shorts taken today on NSE over the counter. Hence this is a risky call. You may consider WRITING CALLS or take a HEDGED POSITION on FNO. Any trade taken without consulting your financial advisor is at your own risk.
SUNTV a BEAR candidateLook to SELL SUNTV @ 906.80 with Stop-loss of 935 and Target1 of 866 and Target 2 of 830. As Suntv has broken cloud with good volumes and there is a possible bounce back in stock. Wait for the bounce to complete and only then take a position. Only take a call after consulting your financial advisor.
RISK MGL: Buy @ 1012 SL: 995 TGT: 1059 (Only if opens green)MGL gained 6% on NSE with volumes more than 2.5 times the average and has crossed its weekly support. Buy MGL @ 1012 with Stop Loss of 995 and Target 1 of 1040 and Target 2 of 1059. BUY ONLY IF MGL OPENS FLAT IF IT OPENS BELOW STOP-LOSS, DO NOT BUY.
ASIANPAINT: Triangle BUY Only@ 1105, SL 1080 TGT 1176 (2Months)ASIANPAINT: is in triangle pattern. Buy at 1105 with SL of 1080 and Target of 1176 with Timeframe of around 2 Months.
NO FNO Trades. Take it in cash as per calculated SL value.
Today ASIANPAINT traded 1.63 times its average volume with only 4.68% of OI built up which suggests that the down-trend in this stock is fading out. Next Possible support is at 1105 with Nearest Weekly Target of 1176 and SL of Start of Triangle Pattern which is at 1080.
NBCC: SELL@212.45 SL 216 TGT 200NBCC has lost 6% on NSE Today with Close to 3 times its average volumes qualifying a sell around 212.45 with Stop loss of 216 and Target of 200. Consider Stop-loss on closing Basis and intraday volatility ignored. Hence exit stock only if NBCC closes above 216 (as SL) or at 200 (as Target).
Next Possible Target for NBCC if it closes below 200 is 194
CANBK: SELL@319.4 SL 325.2 TGT 297CANBK sold with 3 times of average volumes on NSE today with loss of close to 5.6% which is a significant down-trend. Since the stock is PSU and is Short-term, Medium Term and Long-term in Downward trend. Recommend to Sell CANBK @ 319.4 with Stop-loss of 327.5 and Target of 297.
KPIT: BUY@216 SL:200 TGT:232,245KPIT trades with more than 4 times its average volume on NSE today. Buy around 216 with SL of 200 and Target1@ 232 and Target2 @ 245.
CMP: 220 Wait for entry at 216, If tomorrows open is GAP UP. Please buy into it. Else wait for entry at 216
CASTROLIND: RISK SELL@185.3 SL 191 TGT1:178.1 TGT2: 172CASTROLIND has sold twice its average volume on FNO Expiry Day. And closed near its Weekly support of 182.5. Since its near support it qualifies as an RISK cell (have to take small quantity).
Sell small quantity of CASTROLIND at 185.3 with SL of 191 and Target1 of 178.1 and Target2 of 172.
Please Note: Since its at Weekly Support, only trade with small quantity or take position in PUT.
SHREECEM: DisJntAngle BuyOnly@16990 SL:16750, TGT:18160SHREECEM traded more than average Volume on NSE today with loss of close to 3% however with OI close to 2.6% which suggests that SHREECEM downtrend is about to complete and its close to reversal at lower end of Disjoint Angle formation.
Hence Buy SHREECEM only around 16990 with SL of 16750 and Target of 18160 (atleast 45 sessions)