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JAIPRAKASH ASSOCIA, RELIANCE COMM LTD, FUTURE CONSUMER LT, VEDANTA LIMITED, UNITECH LIMITED, 3I INFOTECH LTD
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Bearish Engulfinf Bar took place on 13/01/2017
it can be retraced to 0.50 lvls at 478 then 0.618 lvls at 469 from its top lvls of around 515
SL Above 510 on closing basis
It is obsereved that the Relinfra is facing major Resistance in the range of 505-510. One can go short between 503-505.
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Godrej Ind Can be Shorted around 420 to 425 for a T1 401 T2 390
SHORT POSITION CAN BE INITIATED BETWEEN 54.50 TO 55 FOR A TARGET OF AROUND 51.
ADANI PORT doing well by sustaining major support at 250 Levels.In Current run it has potential to reach above 310. Can be added at Long Side.
Axis Bank has sustained 445 to 450 lvls very well. Quick upside can be expected ahead