Tuesday, 24 September 2013

Stocks for the day Sep 24th

  • Jubilant Food - Looking good for Intraday and also for shorterm
  • DrReddy - Finding resistance at top and if it was able to break those tops it is a buy else can look for shorting below yesterdays low
  • TechM - Consolidating at these levels and is look for a fresh move upside hence is a Buy
  • AuroPharm - Finding resistance at 189 levels, if it can break and stay above 191 levels it is sure buy for both Intraday and also for shortterm
  • Bajaj Auto - Has started its downward journey and is a strong shorting candidate
  • Coal India - Is a good long candidate
  • Lupin - look for either way move and I prefer to trade short as it has formed Bearish Engulfing  on daily charts
  • Banks - Look for chance to short in SBI,PNB,ICICI,Indusbank and BOB if Nifty breaks below 5840
  • Tech - Look for longs in IT sector on whole and avoid shorts

My favorites are Jub Food, AuroPharma,TechM for longs and Bajaj,SBI for shorts

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