Blind risk is the calling card of laziness: the irrational hope, something for nothing, the cold twist of fate, winning the lottery, etc. Blind risk is the pointless gamble, the emotional decision, or the sucker play. The man who embraces blind risk never wins in the long run.
Media stocks have been in limelight offlate. With passage of digitization Bill these stocks are good long term bet also. TV 18 is near its long term resistance of 36.5-37. Yesterday move was backed by volumes and today price action will further resolved the trading pattern. Unable to cross 37 can see a pullback till 35-33
Buy above 37.4 Tgt 38.8,41 and 43
Sell below 35 Tgt 34.2,33.1 and 32.7
Infosys has formed an ascending triangle formation with resistance at 2349. Breaking the same will lead to an upmove till 2424 before Infosys delcare results once 2349 is broken on closing basis.
Buy above 2355 Tgt 2370,2394 and 2424
Sell below 2332 Tgt 2316,2294 and 2278
HUL stock 50 SMA plays an important role in defining the move of the stock. HUL on its dream rally from 400-600 took support at 50 sma during small correction. Now stock is again at make or break level of 534 which is 50 SMA.
Buy above 535.3 Tgt 538,542 and 546
Sell below 530.3 Tgt 528,526 and 523