Tuesday 5 November 2013

Promising stocks and trends

Hello investors/Traders,

Nifty has been on edge and little profit booking happened today. Lets see how it fares for next couple of days.

Nifty: Most probably range bound with support at 6222,6141 and 6093.


ITC: Stock is going down hard with good volumes. Place shorts!
Target: 310, 295 and 289
SL: 333

DLF: DLF is on edge. Threatens to break trendline of triangle pattern. If 164 is broken on upside than buy.
Target: 168, 174 and 190
SL: 153


DCB: This stock is topping out with good volumes keep and good eye on it for direction.


ONGC: Keep an eye on ONGC as it is trending sideline with support at 281 and resistance at 293. If it doesn't go below 281 then buy.

Target: 293 , 299
SL: 279




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