One may buy SunPharma with a SL of 420 and target of 470-475. A buy on dip is recommended. A converging MACD and a confirmation on RSI on the buy side indicates Sunpharma might move to fill the gap and move towards its 20 DSMA.
One may sell PVR for the coming week on rise with a SL of 1546 and expect it to go below 1463.
One may sell Axis Bank on rise with SL of 728.5 and targets of 691/681.
Sell Torrent Power with SL of 248.3 and target of 241.8.
Buy EicherMotors on dip with SL of 19700 and target of 20203.
One may buy TataElxsi for the month of March with a SL of 827 and target over 932. If one gets a dip below 860 it would be a good price to enter.
Sell Gail only if it goes above 345.8 with SL of 350.1 and targets of 341.3/338.5. Do not take trade if it opens below 343.3
We are seeing a divergence on the RSI and a negative weekly close when the market made a high could indicate starting of long unwinding. Hence it would be wise to be with the market, book the profits and wait for a dip to re enter.
On a long term chart, GNFC has retraced 61.8% of the move from 53 to 548 and rising RSI from an oversold region indicates a bounce that could take it to levels of 300/320. One may buy on dips with a SL of 230 and targets mentioned. It is a short term/Medium term call.
One can buy Nestle India on dips with a SL of 10650 and a target of 10945.
One may buy Lupin on a dip with SL of 751 and target of 800.
Buy IRB on dips with targets of 139/149 with sl at 108.
Sell Kajaria Ceramics on rise with SL of 550.3 and targets of 533.8/529.
One might sell Century Textile on rise with a SL of 823 and target of 787.
One may sell CoalIndia on rise with SL of 225 and target of 219.
One may sell Grasim on rise with SL of 797.6 and targets of 773/767.
Buy Exide on dips around 200-205 for target of 227 with SL at 193.
Balrampur Chinni might have completed the upmove in the present cycle and could distribute before moving down. One may close long positions and initiate shorts on rise with a potential dip towards 117. A converging MACD on the downside and a dip in RSI from overbought region back the call.