Stock Trading Strategy For Monday(09-Aug)

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UNITECH
Technical View: The stock has been consolidating in 80-85 levels. The stock should find resistance level at 87, and if the stock trades above 87 levels then the next target for stock is at 92. All the indicators are in positive territory.

Trading Strategy: We advice investors to initiate fresh positions above 85 levels for target of 92.

Market News : Shares of the company gained Rs 0.6, or 0.71%, to settle at Rs 85.10. The total volume of shares traded was 7,265,550 at the BSE (Friday).


Britannia Industries:
Technical View: The stock has appreciated by 43% in last three months. Most of the indicators like RSI and MACD are in overbought territory. Stock Should find resistance level at 2319.70 and supposrt level at 2237.

Trading Strategy: We advise investors to book profits at current level and could initiate fresh positions around 2210-2250 levels.

Market News : Shares of the company declined Rs 23.2, or 1.01%, to settle at Rs 2,270.60. The total volume of shares traded was 18,852 at the BSE (Friday).

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