SESA GOA

Sesa Goa has made broken 100 DMA with huge volumes,Stock shall consolidate or show a small upmove till 100 DMA before starting next round of selling till it reached near 200 DMA as mentioned in charts.
We can trade this stock on both upside and downside but as of now RISK to REWARD is on upside.
Buy near360-65 Range targets of 386 and 400
Short near 412 tgt on downside 380 340 in medium term
CIPLA

Stock is hovering around it 200 SMA placed 309 levels.
Now we …

ICICI Bank buy above 50 SMA which is at 938 levels for a Target of 952 and 977
Stock can also be added in Pullback near 913
SBI is facing multiple resistance around 2325 levels as indicated in chart
Buy at pullback around 2300 levels for a tgt of 2348 2378 and 2432 Levels

HINDALCO Industries stock is shwoing godd strength and look like is headed for higher levels.Stock is facing reistance around 180 levels which if crossed and market remains positive we are headed for new 52 week high.
Results to be declared …

Educomp Solution:

The top five holdings for Goldman Sachs Invest Mauritius were LIC Housing Finance , Lanco Infra, CESC, United Phosphorus and Educomp Solutions.
GoldMan Sachs was in news for Wrong Reason and we can see a selling on the Scripts Held by the Company.
Educomp Solutuion is showing good support at 100SMA,which i belive will be taken out tomorrow in opening trade and stock will touch 50 SMA after that need to see Price and Volume Action
Short @ 725 Tgt 713 and 692 Sl 742
Jindal Steel and Power:

JSPL is shown the  formation …

HDIL is showing good strength with the increase in volumes and stock is showing trend line resistance,around 308 and 200 SMA lies at 312 So if the stock closes above 312 it can rally till 315 318 and 328 which is 100 SMA.

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Stock is showing consolidation pattern and should be geeting ready for a next upmove.
United Spirits is showing good support at its 50 SMA as shown in charts,showing support around 1330-40 levels.Its is not breaking a certain level in such a weak market shows it has been accumulated by investors and traders.
RSI and CCI oscillators are showing positive divergences.
Looking at the above facts Stock is a buy above 1360 for a target of 1384 1398 and 1430.SL of 1321 should be maintained on all long positions.
If stocks breaks 1321 short for …

Buy Tata Steel above 659 for a target of  665  and 677  Support is there at 640 and 628
Doji formation on daily charts and indicators are oversold on charts Short at 415 for a tgt of 400 and 392 SL 420

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NMDC has been in news for all wrong reasons in coming few days and stock took severe beating starting from 500 levels to around 280 odd levels in around a month time frame.
Looking at the daily chart of NMDC stock looks quiet oversold on charts and bounce back to the channel top is immmenient. Stock fundamentally is a very good company also so i would advise long term investor to give atleast 20% exposure to the stock at the current levels.RSI is showing is positive divergence and MACD is …

Patni Computers is forming Higher top formation on daily charts and taking trend line support as shown in the charts Attached.
Stocks is facing a tough resistance around 530-34 zones and if that levels got crossed we may see a quick move to levels of 542 and 549.
Support for the stocks comes around the level of 518 and 510.

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Technical of Jumbo Bag Indicated accumulation Pattern in this stock is going On.Trading interest is reduced or near to null.But smart players are accumulating this stock
As seen from the chart the stock is not breaking its support at 30.When ever it goes neae its lower range volumes increases on that day.
5 EMA is around 31 which is proving to be a major resistance,Once thats crossed it will move to its next tgt of 35 in no time.
Next tgt comes around 40
RSI is showing positive divergence which should be …

Tgt 139 and 144
NIFTY FUTURE Levels for tommorow
resistance at 5115, 5143 and 5193. Support at 5065 and then 5037.

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