Reliance Infrastructure will be coming out with its results today.Stock has seen a good bounce back from 512 and came back in channel.Technically till 547 is not crossed stock will remain in pressure. As today results will come volatility will be the name of game in high beta Rel Infra.
Buy above 542 Tgt 547,551,562 and 572 SL 536
Sell below 530 Tgt 522,516 and 504 SL 535
Rec Limited which we covered last week, as per analysis stock should not break 227, REC made low of 225.95 and bounced back to 242.So we were able to catch bottom and able to participate in both upside and downside. Now Stock is will face trendline resistance in range of 243-246. Able to cross the same 250 is on cards else again a next downleg will start.
Buy above 242.5 Tgt 246.5,250 and 252.5 SL 236.2 (Risk to Reward is High)
Sell below 235.8 Tgt 230,228 and 225 SL 237
DLF has been continuously taking support at up trending trendline and bouncing back. DLF is at very crucial juncture now within the trading band of 261-263. Unable to cross the same DLF can see a pullback to 250 odd levels and able to cross the same DLF will have short term target of 275.
Buy above 263 Tgt 265,268 and 272 SL 261.7
Sell below 255 Tgt 249,246 and 243 Sl 257.5
Levels mentioned are Spot levels.
If stock opens above the Buy price better to ignore the trade or trade in less quantity depending on your risk profile.
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