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
BHARATFORG Can go long at 820 with stop loss of 800 for the target of 840 and 860
ALKEM has seen good buying at first hour of previous session; however, the price couldn't sustain the breakout. The stock should be watch list and can enter long at 3380 with stop loss of 3300 for the target of 3460 and 3540. If price reverse below 3300 then the setup remains invalid
BANK NIFTY forming the triangle breakout pattern. Currently trading at crucial and phycological level of 36000. A profit booking can be seen at this level which may drag to 35500 (immediate support) below which may drag to 35000 (next support). Sustaining the 36000 may rally to 36,600 (First Resistance) break and sustain the first resistance may invite 37200+
MARICO can go short at 530.5 with Stop loss of 540.5 for the target of 520.5 and 510.5
MCDOWELL-N formed pole and flag pattern breakout with good volumes. Can go long at 670 with stop loss of 640 for the target of 700 and 730. Can take position as per individual risk appetite!
UPL can go long at 840 with Stop loss of 815 for the target of 865 and 890
Looking at price pattern 550 to 590 is not too far