CESC 25613

THE COUNTER AFTER A SHARP UP MOVE WITNESSED A CORRECTION. HOWEVER THE COUNTER SHOWED SHARP RECOVERY FROM 310 LEVEL AND TODAY IT GAVE A POWERFUL CLOSE ABOVE ITS RESISTANCE AREA OF 340. WITH INDICATORS LOOKING MODERATELY BULLISH WE EXPECT THE COUNTER TO MOVE NORTHWARDS. RECOMMEND BUY AT 343.5 WITH THE SL OF 329 TGT 356-360 IN SHORT TERM.

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.

ACC 20613

THE COUNTER WAS HOLDING 1190 LEVEL ON CLOSING BASIS SUCCESSFULLY. TODAY IT WITNESSED GAP DOWN OPENING AND GAVE A VERY WEAK CLOSE BELOW 1190 LEVEL. TODAY'S MOVE WAS WELL SUPPORTED BY THE VOLUMES. WE EXPECT THE COUNTER IS ON THE VERGE OF COMMENCING ITS SHORT TERM DOWN TREND AND MAY SHOW WEAKNESS IN SESSIONS AHEAD. RECOMMEND SELL AT 1178 WITH THE SL OF 1216 TGT 1110-1100 IN MEDIUM SHORT TERM.

RANBAXY 17613

THE COUNTER IS TRADING BELOW ITS CRUCIAL SUPPORT AREA OF 395 FOR THE LAST COUPLE OF WEEKS. RECENTLY IT TRIED TO REBOUND BEYOND 390 LEVELS BUT FAILED AND FINALLY TODAY IT WITNESSED PULL BACK FROM 380 LEVELS. IT KISSED 362 LEVEL A CRUCIAL SUPPORT AREA AND CLOSED AROUND 365 LEVELS. STILL THE COUNTER IS LOOKING WEAK AND ANY LONG POSITION MUST BE AVOIDED UNTIL COUPLE CLOSES ABOVE 395 LEVELS HAPPEN. WE ARE BEARISH ON THE COUNTER AND BELIEVE THE COUNTER MAY TEST 320-315 LEVELS IN MEDIUM SHORT TERM. RISKY TRADERS CAN INITIATE SHORT POSITION AS PER THE MENTIONED LEVELS.

HDFC BANK 17613

THE COUNTER HAVING KISSED ITS SUPPORT AREA AROUND 652 RECOVERED QUICKLY. FOR THE LAST COUPLE OF SESSIONS IT IS WITNESSING HIGHER VOLUMES TOO. WE BELIEVE THE COUNTER MAY CONTINUE ITS NORTHWARD JOURNEY IN SESSIONS AHEAD AND SHOW INTRADAY STRENGTH. RECOMMEND BUY AROUND 668 SL 658 TGT 682-687. (MINOR HURDLE AROUND 674)

SBIN 13613

THE COUNTER CONSOLIDATED NEAR ITS STRONG SUPPORT AREA AROUND 1970 AND FORMED PIN BAR PATTERN YESTERDAY AND TODAY IT FORMED A GREEN CANDLE. CONSIDERING THESE FACTORS THE COUNTER MAY SHOW INTRADAY STRENGTH IN NEAR TERM AND MAY KISS 2060-2085 LEVELS IN SHORT TERM.  RISKY TRADERS CAN BET ON THE COUNTER WITH STRICT SL OF 1970 WITH THE TGT OF 2060-2085.

AUROBINDO PHARMA 5613

THE COUNTER HAVING KISSED 200 LEVELS WITNESSED CORRECTION AND TESTED CRUCIAL SUPPORT AREA OF 166 LEVEL. IT CONSOLIDATED IN THE RANGE OF 167 TO 183 AND WITNESSED GAP UP OPENING. CONSIDERING THE INCREASED VOLUMES IN THE COUNTER WITH INDICATORS LOOKING MODERATELY BULLISH THE COUNTER MAY CONTINUE TO MOVE NORTHWARDS. RECOMMEND BUY AT 187 WITH THE CLOSING SL OF 177 TGT 211-215 IN MEDIUM SHORT TERM. 

WIPRO 6513

THE COUNTER HAD A GOOD SUPPORT AROUND 333 LEVELS WHICH IT WAS HOLDING ON A CLOSING BASIS. HOWEVER DURING RECENT PAST IT IS CLOSING BELOW THE SAID LEVELS AND NOW FINDING RESISTANCE AROUND ITS SUPPORT LINE OF TRIANGLE. WITH INDICATORS LOOKING MODERATELY BEARISH WE ARE OF THE OPINION THAT THE COUNTER MAY WEAKEN FURTHER. RECOMMEND SELL AT 325 WITH CLOSING SL OF 333 TGT 312-309.