STOCK HAS SEEN HEAVY PROFIT BOOKING TODAY
BUT AFTER POSTING GOOD RESULTS AND HOLDING
ON TO TECHNICAL LEVELS I SUGGEST A BUY
BUY IN MAY FUTURES/JUNE FUTURES
BUY @244
STOP @237
TARGET 1 @253 (SWING TRADE)
TARGET 2 @260 (MAY POSITIONAL TRADE)
TARGET 3 @271 (JUNE POSITIONAL TRADE)
LOT:2250
SUGGESTED 2 LOTS
STOCK IS CURRENTLY HOLDING ON TO MOVING AVERAGE
OF 50/100-DMA
NETWORK18 looking good on chart as stock was given head and shoulder pattern breakout and now near neckline so accoding to rule stock have to take support here and move for strong bull run.
but RS says- Network 18 will fall after result if stock now able to cross my point level 58.90 and this fall can be more then 3% and 10% also so we carefull in this stock for long.
TCS Posted bad result as expected now stock down about 3% but stock can take support near 2360 and then stock will again in bull move but its slow counter.
Infy posted good Numbers but stock have strong resistance at level of 1000 so stock need to suistain above that if now then sell with sl 1015-1020 and tgt 975-950 in intraday also possible.
