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