Mundra Port is forming double bottom formation which if held can see a good upmove till its 50 [email protected] levels and if it fails to get support at 150 levels can slide till 143 levels on downside.
As technical Indocators are in oversold zone bias is towards upside
Buy above 151 Tgt 153 155 and 156
Sell Below 149 Tgt 148 and 146
Ranbaxy Labs has broken its solid support of 50 [email protected] on a low volumes .Well breach on 50 SMA on upside only made the bull run from 460 levels to 610 levels.
If Ranbaxy is able to move above 471 by tommrow on closing basis we can consider today as whipsaw and initiate long positions in the counter.RSI AND STOC are in oversold region
Buy above 571 Tgt 577,588 and 597
Sell below 556 Tgt 547 and 535
Tata Motors take support around 5 EMA Low @1241.6 and now faces resistance around 5EMA @1265 and after that 5 EMA High @ 1306 levels.