PSU

KARNATAKA BANK

PNB BUY with SL 63 Trgt 78+ 2 Strategies mentioned post profits reported by PNB in Q1 earnings. Breakout expected in next week. OR Buy PNB 75 CE Aug19 @ 1.25 Buy PNB 80 CE Aug19 @ 0.60

1) Resistance and RSI at 60 2 )SL 318.6 3) High OI buid up at 320 4) Videocon bankruptcy and Jet airways exposure will make NPA number worse

psu pack overall looks weak

looks to reverse

FEDERAL BANK BUY NSE:FEDERALBNK Trades on NSE with 6 times its average volumes for second consecutive day. BUY NSE:FEDERALBNK at 80.5 Target of 88 and Stop loss of 77 on closing basis

SOUTHBANK traded on NSE with 7 times its average volumes gaining 16% in trade. Signifies a pullback rally. Buy SOUTHBANK on NSE at 14.4 Target 16.4 and Stoploss of 13.4

2 scenario under construction in the stock as even described in charts .

1) Has around 23000 Cr exposure to IL&FS 2) Formed double bottom - if it breaks down below- there can be a sharp fall!

Buy with SL 100 - making new highs

1) NCLT cases resolution will give a boost 2) CEO tenure extension another trigger 3) stock is at a strong trend line- lets see if it breaks

i would like to go long in psu banks tomorrow !

i see that the stock has good chances of touching 333 in next 2 months!

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

Educational BHEL Bearish sentiment at channel resistance of 101. Short below 100.2 Target_1 - 98 Target_2 - 96.5 Target_3 - 94.5

It is been observed that the price action breaking out to new highs and forming higher lows, indicating a trending up chart. Now, the price action has broken from a triangle consolidation formation,indicating a further bullish move ahead. Target 1: 60 Target 2: 62 Stoploss: 56

In NOCIL a bearish gartley is formed i feel that it may drop to 73 rs if it break the 73 level then it will go to level of 65 rs.

It is been observed on the daily chart that the price action breaks above the descending triangle which indicates a big move to upside ahead. It shall take prices up to the next resistance levels of 121. Once it breaks above that then it may rise further up. Target (1): 121 Target (2): 122 Stoploss: 118