Markets dipped in the second half of Friday unable to take out the resistance levels.
ACC buy in dips stop 980 for 1100
Ashok ley same stop 50.9 and target 55.5
Axis earlier call got stopped but re enter in dips with stop of 1200 for 1310
BPCL stop 632 sell for 600
Bharti in dips use 365 as stop to buy
GeShip stop 305 sell for 280
Ambuja increase stop to 140 from 137 and hold for the same targets of 146-149
HCL tech below 508 sell for 495-490 with 515 as stop. Above 518 buy for 528.
HDFC we had written that 676 is crucial and the break of it took the stock down all the way to 658. Our downside target is 635
IDFC we had earlier written that 145 should act as resistance. The stock made a high of 143 and fell to 134.5
IOB unable to cross 148 so book out the partial positions left.
LIC Hsg stop 236 sell for 210
Lupin hold for 440. Reduce stop to 460. Book profit in partial positions.
Tata Motor 1010 nearly achieved. next is 990
Sesa above 292 stop 280 buy for 315
Happy Trading!!!
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