GEOMETRIC 29513

THE COUNTER HAD A RESISTANCE AROUND 113 LEVELS WHICH HAS NOW BEEN BROKEN ON A CLOSING BASIS. THE COUNTER SEEMS TO BE FORMING ASCENDING TRIANGLE PATTERN ON A DAILY CHART AND WE EXPECT THE COUNTER TO SHOW STRENGTH IN NEAR TERM. RECOMMEND BUY AT 113 SL 106 TGT 132-135.

JSW STEEL 26513

THE COUNTER FORMED A STRONG BASE NEAR 665 AREA DURING RECENT PAST AND WITNESSED BOUNCE BACK FROM THERE. FOR THE LAST COUPLE OF SESSIONS IT IS WITNESSING HIGHER THAN AVERAGE VOLUMES TOO. THE COUNTER HAD A SHORT TERM RESISTANCE AROUND 703-708 AREA WHICH HAS NOW BEEN BROKEN ON CLOSING BASIS. RECOMMEND BUY ONLY ABOVE 723 WITH THE SL OF 703 TGT 755-763

TATA COMMUNICATION 20513

THE COUNTER SEEMS TO BE IN FEW MANIPULATIVE HANDS AND DURING RECENT PAST IT SURGED WITH HUGE VOLUMES AND KISSED ITS RESISTANCE LEVELS OF 243. DURING LAST COUPLE OF SESSIONS THE COUNTER IS TRADING WITH NEGATIVE BIAS AND VOLUMES TOO WERE QUITE HIGHER. AS MENTIONED EARLIER THE COUNTER IS IN FEW MANIPULATIVE HANDS AND LOOKING AT THE CHART WE SENSE HEAVY DISTRIBUTION  HAS BEEN DONE ABOVE 234 LEVELS. WE ARE BEARISH ON THE COUNTER AND RECOMMEND SELL AROUND 224 WITH THE SL OF 234 TGT 203-197

ONGC 15513

THE COUNTER WAS TRADING IN A RANGE OF 317 TO 336 DURING RECENT PAST AND WAS FAILING TO GIVE CLOSE ABOVE 330 LEVELS. TODAY THE COUNTER MOVED OUT OF THE RANGE AND GAVE A VERY FIRM CLOSE NEAR ITS UPPER RANGE. THE MOVE WAS BACKED BY THE DECENT VOLUMES. WITH OTHER INDICATORS TOO LOOKING QUITE BULLISH WE ARE OF THE OPINION THAT THE COUNTER MAY SHOW INTRADAY STRENGTH IN COMING SESSIONS. RECOMMEND BUY AROUND 336 WITH CLOSING SL OF 330 TGT 347-350.

JUBILANT FOOD 14513

THE COUNTER FOUND A STRONG SUPPORT AROUND 985 LEVELS AND QUICKLY RECOVERED. IT IS ALSO WITNESSING HIGHER THAN AVERAGE VOLUMES DURING RECENT PAST AND SEEMS TO BE ON THE VERGE OF COMMENCING ITS SHORT TERM UPTREND. RECOMMEND BUY AROUND 1068 WITH THE SL OF 1032 TGT 1095-1110 IN SHORT TERM. 

TILAKNAGAR INDUSTRIES 8513

THE COUNTER HAD BEEN IN A DOWNTREND AND FOUND GOOD SUPPORT AROUND 55 LEVELS. IT COMMENCED ITS UPTREND AND TOOK PAUSE AFTER KISSING 70 MARK. DURING RECENT PAST IT FORMED A STRONG BASE NEAR 65 LEVELS AND WITNESSED COUPLE OF BOUNCE BACKS. WITH THE INDICATORS LOOKING QUITE BULLISH AND INCREASED VOLUMES IN THE COUNTER WE EXPECT THE COUNTER TO MOVE HIGHER. RECOMMEND BUY AROUND 69 WITH CLOSING SL OF 64 TGT 80-83 IN SHORT TERM. 

PTC INDIA 7513

THE COUNTER FORMED A STRONG BASE AROUND 58 AREA. IT FORMED COUPLE OF DOJIs AROUND THE SAID LEVELS AND KISSED ITS SHORT TERM RESISTANCE OF 61. IN THE LIGHT OF TODAY'S VOLUMES AND THE POSITIVE SIGNAL OF OTHER INDICATORS WE EXPECT THE COUNTER TO SHOW INTRADAY STRENGTH IN NEAR FUTURE. RECOMMEND BUY AROUND 61 WITH THE SL OF 58 FOR THE TGT OF 67-69.

ITC ... TRADE WITH UR OPEN EYES ONLY..6513

THE COUNTER KISSED 335 LEVELS AND FORMED A PIN BAR AT THE TOP. IT SEEMS THAT THE COUNTER IS NOW STRUGGLING TO HOLD 330 LEVELS. TODAY IT WAS DOWN BY ALMOST 1.5% THOUGH VOLUMES WERE LOW. IT FOUND SUPPORT AROUND 325 WHICH WAS A GAP AREA. WE BELIEVE IF 324 IS BROKEN THE COUNTER MAY SLIDE UP TO 314-310 LEVELS. RECOMMEND TO SELL ONLY BELOW 324 WITH SL OF 329 TGT 314-312.

BHARAT FORGE 6513

THE COUNTER HAVING KISSED 240 LEVELS IN RECENT PAST MOVED DOWN AND FOUND STRONG SUPPORT AROUND 224 LEVEL. IT WITNESSED COUPLE OF BOUNCE BACKS FROM THERE AND MANAGED TO HOLD ITS UPTREND RESISTANCE LINES ON A CLOSING BASIS. WE SENSE THE COUNTER IS NOW ON THE VERGE OF COMMENCING ITS SHORT TERM UPTREND AGAIN. RECOMMEND BUY AROUND 236 WITH STRICT SL OF 227 TGT 242-246 IN A VERY SHORT SPAN OF TIME. 

AMRUTANJAN 6513

THE COUNTER HAD A STIFF RESISTANCE AROUND 142 LEVELS WHICH HAS NOW BEEN BROKEN ON CLOSING BASIS. IT IS ALSO WITNESSING HIGHER VOLUMES. WITH OTHER INDICATORS TOO LOOKING POSITIVE WE EXPECT THE COUNTER TO SHOW STRENGTH. RECOMMEND BUY AROUND 143 WITH CLOSING SL OF 129 TGT 166-170.

RALLIS INDIA 1513

THE COUNTER HAD A VERY STIFF RESISTANCE NEAR 130 MARK WHICH HAS NOW BEEN BROKEN ON A CLOSING BASIS. DURING RECENT PAST IT IS WITNESSING HIGHER THAN AVERAGE VOLUMES AND IS FORMING ASCENDING TRIANGLE PATTERN ON A DAILY CHART. WITH THE INDICATORS LOOKING QUITE STRONG WE EXPECT THE COUNTER TO MOVE HIGHER IN COMING DAYS. RECOMMEND BUY AROUND 135 WITH THE CLOSING SL OF 129 TGT 146-152 IN SHORT TERM.

CERA SANITARYWARE 1513

THE COUNTER IS IN A STRONG  UPTREND AND IT LOOKS ATTRACTIVE TOO AT CURRENT LEVELS. ON A MONTHLY CHART IT HAS GIVEN A BREAK OUT AFTER A CONSOLIDATION OF COUPLE OF MONTHS. WE EXPECT THE COUNTER TO CONTINUE ITS UPTREND IN NEAR FUTURE. RECOMMEND BUY AT 455 WITH CLOSING SL OF 405 TGT 650-680 IN A MEDIUM TERM.