Reliance Capital

The counter has been in a downtrend for the quite long time. During recent past it posted a swing low around 335 and continued to trade in a narrow range. However during last session it formed a strong bullish candle on a daily chart and managed to move out of its consolidation range with decent surge in volumes without breaking the swing low of 335. Besides the counter has also managed to close above its 20 & 50 DMA. Other technical indicators too looking quite bullish the chances are very bright that the counter has bottomed out and may commence its short term uptrend from here. Trades can bet on the counter 384.4 SL 360 TGT 406-415 in a short term.

Wipro Ltd.

The counter started steady recovery after posting swing low around 512 levels. During recent past it posted swing high of 577.75 and witnessed pullback. However bears could not hold the prices lower and again the counter started its northward journey and captured its short term moving averages . The counter again has entered its resistance zone around 570 levels. With other technical indicators looking bullish it seems the counter is on the verge of commencing its short term uptrend. Traders can bet on the counter 565.4 SL 548 TGT 582-585.