Syndicate Bank is making lower tops and lower bottoms on
daily charts. Yesterday it has broken the support of Rs 71 with higher volumes,
so we may see further weakness. Stock can test Rs 65 in next one-two trading
sessions.
Hence, you can go SHORT “Syndicate Bank” at current levels
with a stop loss of Rs 73.
2.
Indiabulls Real Estate
For last three trading sessions Indiabulls Real Estate is
facing resistance near Rs 63-65. Yesterday we saw selling pressure on higher
levels, so we may see further weakness. Stock can test Rs 57 in next one-two
trading sessions.
Hence, you can go SHORT Indiabulls Real Estate with a stop
loss of Rs 63.
3.
Britannia Industries
Buy Britannia Industries. It has given declining trend line
breakout with good volumes on its daily chart. Technical oscillators are also
trading with a positive bias.
Go LONG Britannia Industries at current market price with a
target of Rs 800 and stop loss below Rs 700.
4.
Union Bank of India
SELL Union Bank of India. Overall trend in the stock is
negative which is depicted by formation of lower tops and lower bottoms on its
daily chart. Stock has strong resistance near Rs 123 levels. Even yesterday
after making high near this level stock corrected sharply with good volumes.
This clearly indicates that there is supply in the stock near its resistance
area.
We recommend traders to go SHORT Union Bank of India at
current market price with a target of Rs 108, maintain stop loss above Rs 123.
5.
Aditya Birla Nuvo
BUY
Aditya Birla Nuvo. The stock continues to be in a
long-term uptrend and has given a breakout above Rs 1100-1150 zones. The stock
should now see good momentum once it crosses Rs 1210 levels. So, momentum trade
can be initiated above Rs 1210 levels with a stop loss at Rs 1170 and a target
of Rs 1300-1400 in the short-term.
6.
Mahindra and Mahindra
BUY Mahindra and Mahindra (M&M). The stock has declined
from Rs 980-1000 levels to around Rs 850-860. There is good amount of support
at Rs 840-855 zone
Hence, you can buy Mahindra and Mahindra at current levels
keeping a stop loss at Rs 840 and a target of Rs 900.
