HEROMOTOCO currently trading at crucial support of 2740, can initiate long only on bounce at 2885 with stop loss of 2740. Can see upside rally till 3090 and 3180 and 3390
Buy HDFCBANK at 1530 with Stop loss of 1400 for the target of 1660 and 1790
Laxmi Organic Industries Ltd Can go long at 275 with stop loss of 250. Target 300 and 325
Buy TATAMOTORS at 310 with Stop loss of 280 for the target of 340 and 370
SKIPPER LTD can go long at 100 with stop loss of 80 for the target of 120 and 140. Purely technical as the fundamentals are looking good for the long terms investment. Can take trade as per your own risk appetite
ALKEM Another volume based performance this week. Can see break all the price levels mentioned before and run towards new high. Fresh entry can be made based on own risk appetite
TATACHEM heading towards all time high. Can go long if we bounce back to 835 with stop loss of 750. Can see upside rally till 920 and 1005
REC LTD Can go long at 160 with stop loss of 140 for the target of 180 and 200
HDFCAMC Can go long at 2940 with stop loss of 2800. Target 3100 and 3220
CITY UNION BANK (CUB) Can enter at 157 with stop loss of 148. Target 166 and 175 and 180
ZEEL Can go long at 210 with stop loss of 195. Upside rally can be seen at 230 and 280 and 360 at long term
BANK NIFTY View for this week. 34800 is immediate resistance. Break and sustain above 34800 may head towards next resistance of 35100 and 35600. If the first resistance of 34800 not sustained then can drag towards 34400 and 34000 which will act as strong support for this week. If the support of 34000 broken then level of 33500 to 33000 can not be ruled out
SUNTECK REALTY Can go long at 410 with stop loss of 355. Target 465 and 520
Buy West Coast Paper Mills Limited at 280 with Stop loss of 225 for the target of 335 and 390
Buy IDFC FIRST BANK at 52.50 with Stop loss of 48 for the target of 58 and 61 and 68
TATAPOWER facing resistance at 128 and breakout can be expected above 128. Can go long at 128 with stop loss of 122 for the Target of 134 and 140
HINDALCO can go long at 405 with Stop loss of 380 for the target of 430 and 455
INDUSTOWER Can enter into 235 with stop loss of 220 for the target of 250 and 270