ashokley has good chance of bouncing from this position . it will be a good stock for an entry for positional. it has forming the hammer candle at the support level . so, high chance of bouncing it from there.
nbcc which is clearly forming a trend channel . last time also it is rejected after touching the higher trend line . Due to market sentiments which are somwhat is dilema stage for investors to invest . so, their is a chance that even with one bad news, market is going to come down . so, nbcc is a good ticker for hedging in futures