SUNPHARMA is at a crucial support zone (472-481) It never closed below 474 on monthly basis since last 5 years. A close below 474 could open up a bigger downside. At the same time it has been trading withing a channel of thin width. Above 608 it could start a fresh bullish rally.
Buy CANBK between 255-270 T1: 290 T2: 318 T3: 329 SL: 228
Buy HINDALCO between 245-248 T1: 267 T2: 271 SL: 235.5
Buy HFCL at CMP (28.50) T1: 31.50 T2: 35.50 T3: 39 SL: 25
Buy BALRAMCHIN between 75-70 T1: 102 T2: 120 SL: 63
Short COALINDIA between 294-298 SL: 313 Targets will be updated once trade is active
By BHEL at CMP (76.50) T1: 80 T2: 82.50 T3: 86 SL: 75.2
RAYMOND weekly chart study. Every rise upto 1130 is an opportunity to short with a SL at 1165
MANPASAND weekly chart study - channel We can now expect MANPASAND to touch 270-225 in coming days
CADILA HealthCare weekly chart study shows that its at a trendline support and a breakout above 416 could take it higher towards 500/540. At the same time a breakdown below 330 could take it towards 290/220
Short KOTAKBANK below 1265 T1: 1225 T2: 1180 SL: 1291
Buy Nifty above 10550 T1: 10700 T2: 10750 SL: 10494
Short TATASTEEL upon a close below 560 T1: 534 T2: 520 T3: 480 SL: 577
Buy BERGEPAINT above 288 T1: 310 T2: 330 SL: 263