BPCL has been trying to breakout for over 2 months now and has been facing resistance and got rejected multiple times in 410 range. Now it's attempting again and if it manages to break 410 and there after 415 and sustains, it can lead the stock to 50 points from there.
Keep an eye on BPCL above 415.
Asian Paints has moved upwards for past 1 month without much of a dip. A correction in the stock has to happen sometime soon. A fall below 2780 can lead to a drop of 100-200 pts. Have an eye on this for Stock options in PE side and shorting on intraday side.
Positional : Buy Ambuja Cement above 272 and average on dips. Maintain a SL of 250.
AMBUJA CEMENT is highly bullish and is about to recapture it's 52 week high of 272.
