1. TATA Steel
Short Tata Steel from 300 to 305 with the TARGET of 280 and
STOPLOSS of 313
Reason to Short: The stock has formed a bearish candle
pattern on its daily chart. Besides this, stock has reversed exactly from its
200 day moving average (DMA) resistance which clearly indicates supply in stock
at higher levels.
2. Dena Bank
Long Dena Bank at CMP with the TARGET of 56 and STOPLOSS of 48
Reason to Long: We have seen aggressive long build up in a
stock in previous trading sessions. Technical oscillators are also trading with
a positive bias.
3. Shree Renuka Sugars
Buy Shree Renuka Sugars at CMP with STOPLOSS at 17
Reason to Buy: Shree Renuka Sugars has made a strong base
near Rs 15. On Friday it has broken its resistance of Rs 18 with higher
volumes. So we may see further recovery. The stock can test Rs 20 in next
one-two trading sessions.
4. GMR Infrastructure
BUY GMR Infrastructure at CMP with STOPLOSS at 18
Reason to Buy: GMR Infrastructure is making higher tops and
higher bottoms on a daily chart. Yesterday, it has broken its 200 day moving
average, so we may see further up move. The stock can test Rs 21 in next
one-two trading sessions.
5. Dish TV
Buy Dish TV at CMP with TARGET 50 and STOPLOSS at 45
Reason to Buy: The stock after a sharp decline has bounced
from its oversold territory and the recent rise has accompanied by above
average volumes. The stock is also currently trading above the short-term
averages, which is a positive signal. It has a very strong support at Rs 46 on
the downside.
6. Jindal Steel & Power
BUY Jindal Steel & Power at CMP with the TARGET of 270
and STOPLOSS at 230
Reason to Buy: My next call is on Jindal Steel & Power.
The stock has formed a probable head and shoulder pattern and with positive
divergence on the momentum indicators suggesting limited downside on the
current levels.
