STOCK VIEWS AND RECOMMENDATIONS :
It was a cheerful start for Indian Stock Market today. The Stock Market showed sharp spikes in trade and led the market up 200 pts. The oil & gas sector was especially active today and oil marketing companies saw strong buying interest.
Free Intraday Stock Tips For Tomorrow:
Videocon industries
Buy Videocon industries above Rs 210 for a target price of Rs 232-240 with stop loss of Rs 202. The stock looks good to buy and has bullish trend above Rs 210 and a dip should be used to initiate a fresh long position.
Sasken Communications
Buy Sasken Communications above 200 for a target of Rs 208-215 with stoploss of Rs 194. The stock is good to buy and any move above Rs 197 would result in violation of resistance line from a falling channel, which will likely to take stock towards Rs 220.
Finolex Cables
Buy Finolex Cables above 152 for target of Rs 55-58 with stoploss of Rs 49. he stock had made several attempts in last three weeks to close above its 200-EMA. Thus this breakout should be viewed as positive move accompanied by higher than average volumes. We advise buying the stock at current levels with stop loss of Rs 49 for target of Rs 55.
Essar Oil
Buy Essar Oil above 142 for a target of Rs 154-160 with stoploss of Rs 136. Essar Oil has been consolidating in a triangle formation for the past 12 months. Currently, it is near the upper band of a symmetrical triangle, breach of which would indicate beginning of a fresh uptrend in the stock price. raders can buy the stock above Rs 142 with stoploss of Rs 136 and a target of Rs 160.
Gujarat Mineral Development Corporation (GMDC)
Buy GMDC above Rs 126 for a target price of Rs 140 with stop loss of Rs 122. The stock seems good for long and has bullish trend above Rs 126 and a dip should be used to initiate a fresh long position.
Videocon industries
Buy Videocon industries above Rs 210 for a target price of Rs 232-240 with stop loss of Rs 202. The stock looks good to buy and has bullish trend above Rs 210 and a dip should be used to initiate a fresh long position.
Sasken Communications
Buy Sasken Communications above 200 for a target of Rs 208-215 with stoploss of Rs 194. The stock is good to buy and any move above Rs 197 would result in violation of resistance line from a falling channel, which will likely to take stock towards Rs 220.
Finolex Cables
Buy Finolex Cables above 152 for target of Rs 55-58 with stoploss of Rs 49. he stock had made several attempts in last three weeks to close above its 200-EMA. Thus this breakout should be viewed as positive move accompanied by higher than average volumes. We advise buying the stock at current levels with stop loss of Rs 49 for target of Rs 55.
Essar Oil
Buy Essar Oil above 142 for a target of Rs 154-160 with stoploss of Rs 136. Essar Oil has been consolidating in a triangle formation for the past 12 months. Currently, it is near the upper band of a symmetrical triangle, breach of which would indicate beginning of a fresh uptrend in the stock price. raders can buy the stock above Rs 142 with stoploss of Rs 136 and a target of Rs 160.
Gujarat Mineral Development Corporation (GMDC)
Buy GMDC above Rs 126 for a target price of Rs 140 with stop loss of Rs 122. The stock seems good for long and has bullish trend above Rs 126 and a dip should be used to initiate a fresh long position.
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