Jai Corp

Buy Jai Corp at CMP 76.15 Target 100 and 120 SL 66

1. Stock is testing earlier break outs and resistances
2. Stock is oversold on weekly charts

Weekly Chart:

Fortis Healthcare

Very Good opportunity to enter Fortis Healthcare:

1. Stock is at trendline support
2. Stock has formed a doji on Friday on daily charts
3. Stock is oversold

Can be entered if gaps up on Monday. Target 125 SL 93 (RR ratio - 1:2)

HBL Power Systems

A very good opportunity to buy HBL Power systems at CMP 27 Target 45 & 65 in 6 months to 1 year. Keep SL  20

TV18 Broadcast

TV18 Broadcast has given breakout with huge volumes on Friday, 21st Nov 2014. Buy at CMP 31 for a target of 34 & 37, SL 29.

Glenmark Pharma - Buy at CMP

Glenmark Pharma is a good buy at CMP. Target 740, 780 SL 700

• Stock has retested the break out and has gone up
• Reacted from 50 DEMA
• Volumes have picked up consistently over the past few days
• Stochastic & RSI are reversed from oversold area
• CNX (Pharma) has given a break out

Jai Corp - Good Buy at CMP

Jai Corp is a good buy at the current levels.

• Reacting from 200 DEMA
• Stock is at previous support and resistance levels on weekly charts
• Stochastic Crossover

Coal India - Good Buy at Current Levels

Coal India is giving a very good opportunity to Buy.

• Stock reacted from earlier resistance
• Stock reacted from earlier break out resistance
• Stock reacted at 50% Fib retracements (Range - 238 to 424)
• Taken support at 200 EMA

Bajaj Electricals

Buy Bajaj Electricals above 290 for a target of 350 SL 270. 

(Risk Reward Ratio 1:3)

Oriental Hotels - Buy

Oriental Hotels has given multiple break outs with good volumes. 

• Crossed 200 Weekly EMA 
• Stochastic has given a Crossover
• RSI is moving up

Buy at CMP 26.80 Target 34 & 42 in 3 months SL 23.

Buy IDFC

I had given a sell call on IDFC on 17th July at 165. Refer the below link.

http://trade-with-knowledge.blogspot.in/2014/07/idfc.html

As I have mentioned in that reco, stock closed exactly at 144 on 13th August. Now the stock is moving up and offering a buy opportunity.

• Stock has taken trend line support and has moved up
• Reacted from 55 DEMA
• Stochastic is oversold
• RSI is oversold

Buy at current levels for a possible target of 180. SL 140

Zee Entertainment

Zee Entertainment is a buy at current levels.

• Moving up from support
• RSI is in oversold area
• Stochastic is in oversold area
• CNX Media is retesting its earlier break out

CIPLA - Buy

Cipla is a good buy at this level of Rs 437.

Reasons:

• reacted from previous resistance
• taken 50 DEMA support
• Stochastic crossover below 20

Axis bank

Sell Axis Bank at CMP (Rs 1997) Target 1900 SL 2020.

• Stock is at long term trend line resistance on weekly chart
• Slow stochastic (14,5) has a bearish cross over
• RSI negative divergence

WIPRO

Buy Wipro above 561. 

• Stock has closed above its trend line resistance
• Convergence of Moving averages indicating bullish move
• Positive Stochastic crossover
• Target 570 & 590, SL 554

  

Bajaj Auto

Buy Bajaj Auto at CMP 2081 Target 2200 SL 2052

IDFC

After a quick upmove, IDFC has touched the resistance today at 165 and 

has started its downward journey. Sell IDFC at CMP (Rs 160) for target of 144 

and 132 (23.6% and 38.2% Fibonacci Retracements repectively). SL 165.

Bajaj Auto

A very good opportunity to enter Bajaj Auto at CMP 2156 Target 2200 and 2300

Analysis:
1. Stock is reacting from 50% Fibonacci retracement levels.
2. Stock has reversed at 50 DEMA
3. Previous resistance acting as support.
4. Stock has reversed with high volume.

Tata Steel

Tata Steel is giving a good opportunity to enter at current levels (CMP 513).

1. Stock has 
- taken support at 50 DEMA
- reversed at trend line support.
- retested its earlier resistance and moved up.
- reversing at 23.8% Fibonacci retracement
- shown a probability of giving a target of 723 based on Elliott Wave Analysis.

Jindal Steel and Power

Jindal Steel is a fantastic Buy above 285. Stock is at 50% Fibonacci Retracement and also at 200 DEMA support. Target 310, 320 and 330 within next 15 days.

BANK OF INDIA

Bank of India is giving a good opportunity to Buy. It has taken trend line

support and is at important 50 EMA. Buy at CMP (Rs 285) Target 306 and 330 

SL 280.

ORIENTAL BANK OF COMMERCE

Oriental Bank of Commerce has reversed at its trendline support and has gone up today. Buy at CMP (Rs 312) Target 330 & 370 SL 300 (50 EMA support)

RELIANCE INDUSTRIES

Reliance Industries is at 50% Fibonacci Retracement levels from the lows of 5th May. Buy at CMP (Rs 1037) and add at every dip for a target of 1100 and 1040 SL 990.

INFOSYS

Infosys has given a break out and also has moved above 200 EMA. Buy at CMP (Rs 3312) Target 3440 SL 3250

BHARTI AIRTEL

Buy Bharti at CMP (338) target 365 SL 328

BANK OF BARODA

Buy Bank of Baroda above 855 Target 918 & 970 SL 830

HDFC LTD

Sell HDFC below 972 for target 932 SL 985

ZEE ENTERTAINMENT ENTERPRISES LIMITED

Sell ZEEL below 265 for target of 240 SL 273

BF UTILITIES

Sell BF Utilities @ CMP 688 Target 600 SL 700

INDIA GLYCOL

Buy India Glycol @ CMP 101 Target 114 SL 99

LIC HOUSING FINANCE

Sell LIC Housing Finance at CMP 215 Target 200 SL 218

CENTURY TEXTILES

Buy Century Textiles at CMP 296 Target 330 SL 275

UNITED SPIRITS

Buy United Spirits (MCDOWELL-N) at CMP 2473 Target 2750 SL 2415

LUPIN

Buy Lupin @ CMP 882 Target 940 SL 855

GLENMARK PHARMA

Buy Glenmark Pharama @ CMP 536 Target 600 SL 510

CUMMINS INDIA

Buy Cummins India above 450 Target 480 SL 445.

RELIANCE COMMUNICATIONS

Buy RCOM @ CMP 126 Target 140 SL 121

ADITYA BIRLA NUVO

Buy Aditya Birla Nuvo @ CMP 1148 Target 1250 SL 1130

LARSEN & TOUBRO

Buy above 1020 Target 1100 SL 1008