Nifty Bounced from Lower Levels Made double bottom at 3800 which means a Intermediate Bottom has been formed and can see a bit of Upsteam Nifty charts updated in Previous post.
People who bought Reliance BHEL and other scrips recommended in previous post should have good money All stocks showed a good bounce and some profit should be book at lower levels.
Hedge your Self with 4000,4100 puts at 4450-4500 Nifty Levels
LT resulted in a higher bottom formation on the daily charts. A higher bottom formation is the initial sign of a bottoming out process in the short term. It’s Outperforming Nifty and will continue
Traders can buy the stock at current levels and on declines to supports of
Rs2,620-2,600 levels for the following targets A)Rs2,750-2,780
B) Rs2,825 levels. A stoploss above Rs2,560 is recommended on
all long positions
SBIN Now trade above 1577 lead it to the 1608 to 1651 level. At downside support at 1534 and then at 1503.
BHEL It go for 1735 level and if sustain above it then go for 1762 to 1804 level. At downside support at 1693 and then 1666. IF it sustain above 1800 than 1850 in on site BUt that look a grim possibility.
Relaince The news of KG basin will make this stock blast on Monday.A rally of 5-7% could not be ruled out today.Above 2139 it can touch 2208.
MoserBear above 110 can see a TGt of 115 and 117
Ispat is at its support of 19 can see higher levels Accumulate this scrip for 50% in 2-3 Months
IDFC accumulate till 65 Levels
RPL strong support at 140 Levels Buy around that levels.
Small Caps Picks
Confidence Petroleum Hope people entered at 11 Levels Stock trading at 12 more to come its and excellent scrips
HB Stock Holding accumulate this scrip for a double tgt around 22 Levels
Any stock specific query ping me on [email protected]
Keep a Stop Loss of 2% on all or longs id not mentioned and keep trailing your SL.