1. A C C LTD;-CMP RS.1358.35 ON 17.4.14
Range for the week is :-1397-1318.10
SUPPORT :-1336.50 / 1318.10 / 1250 / 1217.55
RESISTANCE- 1403 / 1407 / 1421.75 / 1454
Watch the market for 20 minutes and see that if the stock does not cross 1371 then one can sell at the current level with a stop loss of 1375 or sell near 1400 level with a stop-loss of 1410 for the aforesaid targets.(See support level)
REMARKS:- Trend is up but looking at some technical parameter sell call given.
2.DR REDDYS LAB :-CMP RS.2552.20 ON 17.4.14
Range for the week is :-2570 -2522.55
SUPPORT :-2520 / 2516.55 / 2460
RESISTANCE- 2587 / 2608 / 2640 / 2680
After making a top of 2939.40 on 28.2.2014 it has corrected downward sharply and now a pull back is expected in the stock,so one can go long at current level with a stop loss of 2540 for the above targets(see resistance level)
REMARKS:- In short term down trend, long term trend is o.k as of now but if the stock does not go above 2587 and break 2516 level and stays below that then the long term trend will be threatened.Suggesting long call to play pull back rally.
NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.
Range for the week is :-1397-1318.10
SUPPORT :-1336.50 / 1318.10 / 1250 / 1217.55
RESISTANCE- 1403 / 1407 / 1421.75 / 1454
Watch the market for 20 minutes and see that if the stock does not cross 1371 then one can sell at the current level with a stop loss of 1375 or sell near 1400 level with a stop-loss of 1410 for the aforesaid targets.(See support level)
REMARKS:- Trend is up but looking at some technical parameter sell call given.
2.DR REDDYS LAB :-CMP RS.2552.20 ON 17.4.14
Range for the week is :-2570 -2522.55
SUPPORT :-2520 / 2516.55 / 2460
RESISTANCE- 2587 / 2608 / 2640 / 2680
After making a top of 2939.40 on 28.2.2014 it has corrected downward sharply and now a pull back is expected in the stock,so one can go long at current level with a stop loss of 2540 for the above targets(see resistance level)
REMARKS:- In short term down trend, long term trend is o.k as of now but if the stock does not go above 2587 and break 2516 level and stays below that then the long term trend will be threatened.Suggesting long call to play pull back rally.
NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.
2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.
3.IN FAVORABLE
TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL PROTECTION.
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