- LIC HOUSING :- BUY ABOVE 635 TARGET 648 THEN 662 SL 613
- TATA MOTORS :- BUY ABOVE 432 TARGET 441 THEN 456-464 SL 414
- INDIA BULL REAL :- BUY ABOVE 265 TARGET 278 THEN 294-300 SL 244
DERIVATIVE PICK
HOLDING PERIOD – TWO TO SEVEN DAYS
ICICI BANK ( CASH - Rs.773.75) : Buying is advised above Rs.780 . Targets of Rs.795 and Rs.807 are easily possible. Higher target of Rs.824 and Rs.842-845 can be expected in a period of seven trading sessions. Stop Loss of Rs.754 should be kept.
STERLITE ( CASH – Rs.670.70) : Buying is advised above Rs.675 for a target of Rs.689 and Rs.699. Higher target of Rs.710 and Rs.724 is also possible. Stop Loss of Rs.659 should be kept.
STOCKWATCH
HOLDING PERIOD – ONE TO THREE MONTHS
FINANCIAL TECHNOLOGY
Present Price – Rs.249.20
With MCS coming out with an IPO, a lot of value is likely to get unlocked. The stock is showing
tremendous bullishness in charts of all time frames including weekly and monthly. Buying is advised above Rs.1490 for a target of Rs.1536 and Rs.1575. The stock will face some resistance around Rs.1575 levels but once this level is breached, the stock will witness an explosive move which can easily take the stock to levels of Rs.1622 and Rs.1748.-1771. Stop Loss of Rs.1374 should be kept.
