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NISM Certified Research Analyst & Mutual Fund Distributor.

Monday 24 June 2013

BAJAJ ELECTICALS 24613

THE COUNTER HAS FORMED A STRONG BASE AROUND 160 AREA DURING RECENT PAST . IT WITNESSED COUPLE OF BOUNCE BACK FROM THE SAID LEVEL AND FAILED TO CAPITALIZE ON THE SAME. HOWEVER THIS TIME LOOKING AT THE INDICATORS WE SENSE THE COUNTER MAY SHOW INTRADAY STRENGTH AND COMMENCE ITS SHORT TERM UPTREND. RECOMMEND BUY AT 173.6 SL 165 TGT 185-190 IN SHORT TERM. 

MINOR RESISTANCE AROUND 176 LEVEL.



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