ICICI BANK LTD. 30713

THE COUNTER SEEMS TO BE FORMING A BASE AROUND ITS SUPPORT AREA OF 915 LEVEL. IT HAS WITNESSED COUPLE OF BOUNCE BACK FROM THE SAID MARK. THOUGH THE COUNTER IS IN A DOWNTREND A POSSIBLE BOUNCE BACK FROM HERE CAN'T BE RULED OUT. WITH THAT NOTE WE RECOMMEND TO TAKE LOW EXPOSURE TO THE COUNTER AT 926 WITH STRICT SL OF 915 FOR THE TGT OF 970-975 IN A SHORT TERM.

DABUR INDIA 29713

EARLIER WE HAD RECOMMENDED THE COUNTER WITH THE TGT OF 168 AND THE COUNTER HAD MOVED AS PER THE EXPECTATION. THE COUNTER SEEMS TO BE IN AN UPTREND AND AGAIN WE RECOMMEND TO TAKE EXPOSURE TO THE COUNTER WITH CLOSING SL OF 158 FOR THE TGT OF 190-195 IN A MEDIUM SHORT TERM. AS MARKETS ARE HIGHLY VOLATILE WE RECOMMEND TO BUY IN SMALL INSTALLMENTS UNLESS AND UNTIL 158 IS NOT BREACHED ON CLOSING BASIS.

ARVIND LTD. 27713

THE COUNTER AGAIN WITNESSED A BOUNCE FROM ITS SUPPORT ZONE AROUND 70 LEVELS. AFTER SEVERAL FAILED ATTEMPTS IT FINALLY MANAGED TO CLOSE ABOVE ITS RESISTANCE AREA OF 78 LEVEL. WITH OTHER INDICATORS TOO LOOKING MODERATELY BULLISH WE EXPECT THE COUNTER TO SHOW INTRADAY STRENGTH IN NEAR FUTURE. RECOMMEND BUY AROUND 80 WITH SL OF 76 TGT 86-88 IN A SHORT TERM.

HELIOS MATH 26713

THE COUNTER IS BREAKING 65 LEVEL, A VERY STIFF RESISTANCE FOR THE COUNTER, ON INTRADAY BASIS AND TODAY IT GAVE A CLOSE AROUND THE SAID LEVEL. IT SEEMS THE COUNTER IS IN A STRONG UPTREND AND MAY CONTINUE TO MOVE NORTHWARDS IN NEAR FUTURE. WITH OTHER INDICATORS TOO  LOOKING QUITE BULLISH WE RECOMMEND TO BUY THE COUNTER AROUND 65 WITH CLOSING SL OF 58 FOR THE TGT OF 78-82 LEVEL IN A MEDIUM TERM.

UNITED PHOSPHORUS LTD. 22713

THE COUNTER WITNESSED GAP UP OPENING JUST A COUPLE OF SESSIONS AGO. IT HAS A RESISTANCE IN 148 ZONE WHICH TODAY HAS BEEN BROKEN ON CLOSING BASIS AND VOLUMES TOO HAVE BEEN HIGHER FOR THE LAST 3 TO 4 SESSIONS. WITH OTHER INDICATORS TOO LOOKING POSITIVE THE COUNTER MAY SHOW INTRADAY STRENGTH IN COMING SESSIONS. RECOMMEND BUY 148.45 SL 143.5 TGT 153-155 IN A SHORT TERM.

SONA KOYO STER 22713

THE COUNTER FORMED A STRONG BASE AROUND 10.5 LEVELS DURING RECENT PAST. FOR LAST 3 SESSIONS IT HAS BEEN WITNESSING HIGHER VOLUMES AND GAVE A FRESH BREAK OUT ON A DAILY CHART. THE COUNTER IS NOW SUCCESSFULLY CLOSING ABOVE RS.11 AND SEEMS TO BE ON THE VERGE OF COMMENCING ITS UPTREND. RECOMMEND BUY AT 11.9 WITH CLOSING SL OF 11 TGT 13.5-14 IN A MEDIUM TERM. 

PNB 18713

THE COUNTER AFTER SHARP FALL ENTERED THE CONSOLIDATION ZONE AROUND 615 LEVEL. IT SEEMS IT HAS FORMED A STRONG BASE AROUND THE SAID LEVEL AND WITH INDICATORS LOOKING MODERATELY BULLISH WE EXPECT THE COUNTER TO SHOW INTRADAY STRENGTH. RECOMMEND BUY AT 636 SL 615 TGT 660-665.