Asian Intraday stock Tips markets are trading with healthy gains in the morning. Taiwan’s Weighted added 0.1%, China’s Shanghai Composite stepped up 1.3%, Japan’s Nikkei 225 gained 0.6% and Singapore’s Strait Times advanced 0.4%. Stock markets in Hong Kong were shut due to Holiday.
Mphasis: Long positions can be assumed in the stock at Rs660-665 levels for targets of Rs700 and Rs730 levels with a stop loss placed below Rs644 levels.
Srtransfin: Long positions can be assumed in the intraday stock tips on mobile at Rs770-780 levels for targets of Rs830 and Rs835 levels with a stop loss placed below 745 (Spot) levels.
Ashok Leyland: Short positions can be assumed in the stock till it sustains below Rs64 levels for targets of Rs59 and Rs56 levels with a stop loss placed above 65.5 (Spot) levels.
Ashok Leyland 65 CA: Short positions can be assumed in the option at Rs 0.5-0.75 with a stop loss at 65.5(spot) and hold till expiry.
Renuka 95 PA: Short positions can be assumed in the option at Rs1.2.5-1.5 with a stop loss at 97(spot) and hold till expiry.
PNB (BUY, above Rs1,220, Target Rs1,260):
After hitting an 52 week high of Rs1400 in November 2010, the stock had seen a sharp fall to the support of its 200-DMA (Rs1126). From which the stock tips free trial has seen a smart recovery without the re-test of its earlier low. Trendline breakout is seen in the daily chart where prices successfully traded above the falling resistance line with positive crossover in RSI. Based on the hourly chart, the stock has also seen a breakout from a Symmetrical Triangle pattern. Such back to back confirmation of on the hourly and daily charts is likely to ignite buying momentum with immediate target seen above Rs1270. We advise buying the stock above Rs1220 with stop loss of Rs1200 for target of Rs1260.
After hitting an 52 week high of Rs1400 in November 2010, the stock had seen a sharp fall to the support of its 200-DMA (Rs1126). From which the stock tips free trial has seen a smart recovery without the re-test of its earlier low. Trendline breakout is seen in the daily chart where prices successfully traded above the falling resistance line with positive crossover in RSI. Based on the hourly chart, the stock has also seen a breakout from a Symmetrical Triangle pattern. Such back to back confirmation of on the hourly and daily charts is likely to ignite buying momentum with immediate target seen above Rs1270. We advise buying the stock above Rs1220 with stop loss of Rs1200 for target of Rs1260.
No comments:
Post a Comment