Saturday, August 30, 2014

Stocks to watch for the week : 1-Sep to 5-Sep-14

BULLISH STOCKS :
1. REC LTD (must buy @ 262-267, targets 279-284-289-299, keep stop loss @ 250)
2. BHEL (buy @ 228-238, targets 254-259, keep stop loss @ 225)
3. HINDUSTAN ZINC (buy @ 156-161, targets 169-174-179-184, keep stop loss @ 150)
4. LIC HSG FIN (buy @ 286-296, targets 304-319-329-339, keep stop loss @ 280)
5. BGRENERGY (buy on every dip in 156-136 region, stock may target 179-189-199 soon)


BEARISH STOCKS :
1. HEXAWARE (if you are long, then exit this stock near 160-163 as it is likely to correct upto 150)
2. IOC (may remain weak and correct upto 346-341 soon)
3. ADANIENT (this stock is likely to come down to 451-441-421-411 levels in september) 
4. BHARATFORG (look for trapped bullish traders near 796-809 levels. it may come down to 720-700 levels soon)

Sunday, August 24, 2014

EXIDEIND Analysis for 25-Aug to 29-Aug-14

EXIDEIND (cmp = 162.6 ) wait for stock to come near 167-169, watch for weakness and trapped bullish traders to short at/near 169 for target 166-161-156-151. Keep stop loss of 4 points from your entry price.
Option data suggests that 170 level will act as strong resistance and the stock may correct upto 155-145-141 in near term.

HINDZINC Analysis for : 25-Aug to 29-Aug-14

HINDZINC (cmp = 167.75 ) looks bearish if the stock remains weak in 168-170 region. Look for shorting opportunity near169  for target of 165-161. Keep stop loss at 171

If the stock opens below 166.75 do not short immediately, wait for it to bounce back near 168-170 region and then get ready to short it. Keep stop loss at 3 points away from entry price.  

VOLTAS Analysis for : 25-Aug-14 to 29-Aug-14

VOLTAS (cmp = 237.30 ) looks bearish if the stock remains weak in 239-244 region. Look for shorting opportunity near 242-243 for target of 237-235-232. Keep stop loss at 246

If the stock opens below 236 do not short immediately, wait for it to bounce back near 239-242 region and then get ready to short it. Keep stop loss at 4 points away from entry price.  

If the overall market remains weak then this stock may even correct upto 210-200 in near term.

Option Data suggests that VOLTAS is likely to face resistance at 245-250 level and traders are expecting it to remain weak.  Check the trading volms & open interest (built-up/unwinding) marked in RED in the option snapshot shown below. The strike prices at which the traders are most active are at 220 & 245/250 levels.









Thursday, August 21, 2014

Watch list for : 21-Aug-14

IOC (cmp = 355) may correct further if it remains weak near 353.8. It may touch 350-351 intraday. Keep stop loss at 356.

HINDZINC (cmp = 169.5) may correct further if it remains weak near 169. It may touch 165 intraday. Keep stop loss at 171.

HEXAWARE (cmp = 156.65) it has reached near its supply zone of 157-160. Look to short the stock near 159-161,  It may correct upto 151. Keep stop loss of 162.6.

REC (cmp = 281.9), watch for buying opportunity near 275-277 levels. for intraday target of 279-280-282, keep stop loss of 274.
 

Tuesday, August 19, 2014

Watch list for : 19-Aug-14

Looking to buy the following stock(s) today:
MONNET ISPAT (cmp 127),   buy at 125.05 for targets = 129.90, 132.40, 134.90, 137.40, 139.90 keep stop loss @ 120, targets expected within 10-15 trading sessions. 
Short term 3 months target will be 144 & 154
However if the stock remains weak and closes below 120 then it is likely to reach 100 / 85 levels.

AMBUJA CEMENT (cmp 214),   buy at 212.60 for targets = 219.40, 224.40 keep stop loss @ 209, targets expected within 4-5 trading sessions. 
Short term 1-3 months target will be 229 & 234
However if the stock remains weak and closes below 200 then it is likely to reach 175 / 165 levels.


Also watch Crompton Greaves,  JP Associates, Hindustan Zinc & LIC Housing Finance for buying opportunities.

Yesterday all our 5 stocks recommended did very well and gave positive returns.