NBCC 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 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.
ESCORTS surpassed with High Volumes today on NSE close to 5.60 times its average trading volumes. Its a Medium Term Buy in CASH at 855 and Stop-loss of 800 with targets of 1110. Trade with a timeframe of 6 Months - 8 Months.
Titan has broken down with high volumes today on NSE. Sell TITAN at 840 with SL 863 and Target of 785
SELL TATASTEEL ONLY BELOW 689, i.e., wait for it to cross 690 on CLOSING BASIS TOMORROW. (ie, price should trade below 690 around 3.15PM tomorrow). Only then sell it at 689 with SL of 715.5 and Target of 581
HAVELLS has broken down Uptrend-line in Multiple Timeframes, with heavy volumes close to 5 times average. Hence its a clear SELL around 529 with Stop-loss of 543.05 and Target of 502.
KPIT 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 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...
NBCC has broken down today with volumes close to twice of average. Sell at 228.45 with SL at 232 and Target of 219.6
SHREECEM 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)
KSCL broken down with close to 3 times its avg volume today on NSE with OI close to 70% qualifies SELL @ 489.1 with SL of 500 and Target 1 at 473 and Target 2 at 455.
RISK SELL DHFL Only when crosses below 569.4 Keep a stop-loss of 589.4 and a Target of 528.5 There is a Weekly Support around 570. Hence only sell below the Support level. DHFL traded 3 times its average Volumes today and has broken down 7% Hence wait for the support Level to be breached decisively and do not enter SHORT trade if support is not breached. Trade is...
Ambuja Cement looks weak and has broken UP-TREND line today with 1.6X its average Volumes. Look to Sell AMBUJACEM only around 264.35 with SL 268 and TGT 255.5 Both Short term and Medium term outlooks for the stock are bearish. Go Short only around 264.35 as CMP is 262.7
Bharti Airtel sold off on Higher Volumes breaking lower end of range today morning. Sell it at 472.7 with SL of 483.5 and TGT of 440
GODREJCP has been an outperformer since few days now. One can look to buy GODREJCP around 1100 with SL 1070 and TARGET of 1154. THIS IS A RISK TRADE SO TAKE SMALLER POSITIONS.
BAJFINANCE looks good to be bought ONLY AROUND 1662, With SL of 1600 and TGT of 1790. Please only buy BAJFINANCE around 1660 (CMP while posting this call is 1680+). NSE:BAJFINANCE
Federal Bank Looks a good Shorting Candidate as FRESH FNO Shorts initiated today. Look for Targets of 96 with SL of 106. CMP: 102.15
Sell Infratel around 345 with Target of 330 and SL of 360