Tuesday, April 16, 2013

Potential stocks to trade this week !!!

Date: 16-Apr-2013
These are some of the stocks which might give an upside move in the coming sessions.

TITAN : CMP=236, Support at 230 and Resistance at 250-260. The stock looks to be a good opportunity to buy on every dip as it approaches its major support area of 230-225. One can think of buying it with a stop loss of 219 for a target of 255-260.

HDFCBANK: CMP=641, Support at 600 and Resistance at 640. Go short at 645 for a target 640/636, Stoploss will be at 648.

ALBK: CMP= 129, Support at 120 and Resistance at 140. Buy on dips target 135/141, stop loss will be at 119

HDIL: CMP=47, looks very bullish, Support at 45 and Resistance at 60.
Intraday trade=>Buy break above 47.30 target 51, stoploss 45.4

Happy trading

Lawrence Sequeira