Index Stocks Status
Introduction - The report captures the current status of index stocks and points to you where the best opportunities are. The newsletter can help you decide on futures strategy.
Stock
CMP
Comments
Action
ABB
1121
The stock is in strong uptrend with ADX > 40, and +DI > -DI. The stock should correct or trade sideways. The upsides capped at 1150. It is overbought
PASS
ACC
1022
yesterday it made a mega move
PASS
Bajaj Auto
2119
The stock should be looked from attractive buying opportunity. The stock is currently rangebound between 2100 and 2200. The momentum in the stock will come above 2200.
BUY > 2200
Bharti
860
There is strong resistance at 880. The stock has been trading sideways between 800 and 880. The upside seems capped at 880.
BUY > 880
BHEL
1545
The stock is in strong uptrend. Currently it is consolidating sideways between 1510 and 1560
BUY > 1560
Stock
CMP
Comments
Action
BPCL
340
The stock is finding strong support at 330 but upside seems capped at 370.
PASS
Cipla
218
There is resistance near 100 day moving average near 225
PASS
Dabur
102.4
The stock is trading sideways between 102 and 105.
PASS
Dr Reddy
663
Stop Loss = 650. The stock is seeing buying in oversold zone. The stock can inch up to 735. But the problem is of lack of momentum.
BUY
GAIL
308.5
It is a difficult stock to trade. There is considerable resistance at 315-320.
PASS
Stock
CMP
Comments
Action
Glaxo
1260
It is a low risk buy. The stock has a tendency to be all over all the place. It can reach 1320. But there is no momentum
PASS
Grasim
2739
2900 looks achievable on charts
Buy on declines
Guj Ambuja
130
There is momentum in cement sector
Buy on declines
HCL Tech
332
Rangebound between 320 and 350
PASS
HDFC
1982
Support may come at 1950 - still overbought
PASS
Stock
CMP
Comments
Action
HDFC Bank
1151
Sideways consolidation above 1150 - still overbought
PASS
Hero Honda
686
All over the place between 650 and 720
PASS
Hindalco
156
Slipped below 200 day moving average - now 100 day ma of 146 on cards
SHORT @ 160
HLL
197.5
Target = 205 on cards after breakout above 195
BUY
HPCL
265
Strong Support at 260 - upside capped at 280
PASS
Stock
CMP
Comments
Action
ICICI Bank
986
Upside resistance at 1000 - stock is overbought
PASS
Infosys
1931
Strong support at 1900 - upside capped at 2100
PASS
IPCL
342
Rangebound between 330 and 350
PASS
ITC
158
The stock is in buy zone but no momentum - Resistance = 160
PASS
L&T
2293
Overbought - Buy on declines near 2100
PASS
Stock
CMP
Comments
Action
M&M
749
The stock is sideways between 700 and 800. Momentum is expected above 750
BUY > 750
Maruti
2739
The upside is capped at 840 - currently overbought
PASS
MTNL
163
Sideways between 130 and 170
PASS
NALCO
261
Rangebound between 255 and 265. There is no strength
PASS
ONGC
872
Strong resistance at 940 but strong support at 850-860
BUY at 850-860
Stock
CMP
Comments
Action
PNB
1260
Sideways between 520 and 560 - there is no strength
PASS
Ranbaxy
367
The upside seems capped at 380 - there is no momentum
PASS
RCOM
542
BUY on declines near 530 - TARGET = 580
Buy on declines
Reliance Energy
613
Difficult to trade
PASS
Reliance
1718
Target = 1750 and then 1800
BUY near 1700
Stock
CMP
Comments
Action
RPL
114
Overbought consolidating at higher end of the band
PASS
SAIL
132
It seems today this stock may see strong buying - Target = 140
BUY
Satyam
471
Sideways trading with support at 456
PASS
SBI
1564
Buy on declines
PASS
Siemens
1412
Formation of shooting star - can fall to 1376
PASS
Stock
CMP
Comments
Action
Sterlite Ind
600
Support should come at 580
PASS
Sun Pharma
1022
Trading sideways to down
PASS
Suzlon
1478
Strong Uptrend - should be bought at current levels - still overbought
BUY
Tata Motors
701
The stock can move to 750 - breakout above 700
BUY
Tata Power
656
There is strong resistance at 680 -trading sideways
PASS
Stock
CMP
Comments
Action
Tata Steel
616
A move above 620 can attract momentum buying for target of 660
BUY > 620
TCS
1118
There is strong resistance at 1150
PASS
VSNL
490
Strong resistance at 510
PASS
Wipro
508
Strong support at 500 - BUY > 520
PASS
Zee
299
There can be strong buying > 300
BUY > 300
Observations -
· There is no momentum in Pharma companies but there is buying interest visible in Cipla, Ranbaxy and Dr Reddy. Dr Reddy looks the best. A long position can be taken with stop loss below 650.
· Steel and Autos look best for today. The picks are - M&M, Tata Motors in Autos and TISCO and SAIL in steel.
· In side counters - HLL and Zee looks best
· On dips, Suzlon looks best.
· ONGC should find support at 850-860 - 200 day moving average
· Breakout Play - RCOM
· Reliance also looks good above 1700
· Keep an eye on Bajaj Auto for move above 2200
BigGains !!
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
__,_._,___
No comments:
Post a Comment