We feel in coming days there will be more of stock specific action.
For next 1 to 2 days Andhra Bank looks good. Andhra Bank could be bought for target 115-117
Read Disclaimer
DCB
Short Term Outlook - If one is looking to hold DCB for next few months then DCB remain hold. It is expected that in coming months RBI will look to reduce interest rates. This will help banking sector to improve its performance.
BEL
Shart Term Outlook - BEL could be hold with stop loss of 1365. On upside we expect 1450 to act as stiff resistance. If BEL is able to cross 1450 then 1500 will be level to watch.
Thus our strategy would be book some profit near 1450 and remaining profit near 1500 and keep stop loss near 1365
Commodities are expected to remain volatile over weekend as there are many important announcement line up. We feel one could look to buy Gold and Silver on dips near 28100-28200 and Silver near 56000-55750
Read Discalimer
Copper is expected to trading in range from 405-421 in near term.
Copper down amid uncertainty surrounding talks between Greece and its private creditors. Chinese importers slowed purchases of copper in recent days, as the industrial metal’s rise. Copper prices were underpinned by a disruption to global supplies after workers at Canadian mine went on strike.
Tata Motors, SBI & Bata India are good stocks for long term investment, however we would not prefer buying these stocks at current levels as profit booking cannot be ruled out in near term.
Tata Power
Short Term Outlook - Tata Power is showing signs of strength. Thus one could buy Tata Power near 110-112 with stop loss below 108 for target 116 - 118
Yes Bank
Short Term Outlook - Yes Bank is looking over bought at current levels. Thus Yes Bank could see some profit booking in near term. Thus fresh buying could be risky
Upto budget we feel high beta mid cap stocks like VIP, Educomp could do well.
Kindly note that traders are require to remain cautious as market is looking over bought
Twilight Litaka Pharma
Short Term outlook - Twilight Litaka Pharma has resistance at 34 level. If Twilight Litaka Pharma is able to close above 34 then it could test 38 level. Thus one could buy Twilight Litaka Pharma above 34 with stop loss near 32 level
Sterlite Industries
Short Term Outlook - Sterlite Industries has intraday resistance at 126. Thus intradya traders could look to book some profit near 125 levels
Reliance Industries nad ICICI Bank both are trading near stiff resistance level. Thus me could look to buy on dips
Birla Power
Short Term Outlook - We feel Birla Power moves on speculation. Thus we don't prefer trading in Birla Power
Rupee is looking strong thus one could see some pressure on goldm. Thus one could look to exit on dips
Rcom good good for shorting for intradya as Rcom is expected to remain weak after SC ruling
Tata Elxsi Limited
Short Term Outlook - From above mention stocks Tata Elxsi Limited is looking good. On upside Tata Elxsi Limited could test 233 levels