I recommend buying Ambuja Cements @ 225-228. Ambuja cement was in a downtrend but i feel a reversal has happened. Around 195-197 it bounced . so now breaking previous high it is looking to break 245-250 levels. After struggling around 212-215 levels it broked it . The bulls seems to be in control.
It is wait and short. Jindal steel looks weak. I recommend to see level break @196. So short levels are 196.194. Target will be 178-175. Stop Loss 201. For aggressive traders.... you can short at current levels of 200-203 with stop loss of 207. The daily ichimoku resistance on the slower line is 205 which i believe will not break.
Aurobindo pharma looks week. The main trend as well as the short trend is week. I recommend shorting @540-530 with a stop loss of 545 and target of 510. You can buy put for current month, strike price of 530 or 520.
Short Arvind below 404. Stock has broken a uptrend and will continue it's main trend which was down. An hourly candle closing below 404 will confirm break. You can short it then target of 385 with stop loss at 410. Just look for an hourly candle closing below 404 and then enter.
Short India Cement @ 134- 132 with stop loss of 138 and target of 122. India cement was in downtrend and should continue with it. For details on levels you can see charts. You can buy put option of with strike price of 130
Adanient has been in a small range 14-15 days. On the upside it is having difficulty breaking 142 and on downside buying was seen at 135 levels. recently since few days we see buyers losing the fight. It should break the downside now. You can short at current levels or short after it breaks 135 level.
Target etc is given on charts.
We can see on a 30 minutes chart that a range of 293-283 has been broken. The range was intact since 10 days approx. ICICI on daily chart is also bearish. So i recommend shorting ICICI BANK @280-285 with STOP LOSS of 293. Target 270.
Though the risk reward ratio is less but i will still short because of the weakness in the counter.
Good Luck guys .
We can see that at every attempt to break the zone of 155 INDIA CEMENT is getting stronger. So in the third attempt in a 30 minutes chart we can see buyers taking control. On a daily chart 154-155 was a resistance zone which will be broken.
you can buy cash, future or call option . Target 164.
I see APOLLO TYRE losing strength at every upside rally. Same should continue when it hits 270 zone. The current upside rally does not have strength as visible on 1 hour chart. look when it hits 270 zone. Short sell or buy put of 260.