Stock Talk:
Buy Jet Airways: The stock had strong resistance around Rs 345 level, which it breached with strong volumes and closed above it on Tuesday. It also crossed its 50-day moving average which led to buying in the stock. Traders can buy the stock with a stop-loss at Rs 345-Rs 350 for a target of Rs 385-Rs 390. The stock may also scale levels of Rs 420 in the short term.
Buy Kaveri Seeds Company: The stock has made a bottom and crossed its huddle around Rs 480 levels. Bullish bets have been built up in the stock. It can reach levels of Rs 525-Rs 530 on the upside. Risk-reward ratio looks good for the stock.
Short Idea Cellular: The stock broke its immediate support of Rs 156 and short positions str seen building up in the stock. The stock may fall to Rs 147-Rs 148 levels.
Buy Reliance Communication: The stock has surpassed its previous resistance of Rs 77 and may gain up to Rs 82 levels. It has also witnessed addition of bullish bets. Conservative traders can buy Rs 80 strike call.
Buy Reliance Capital: It has crossed a major resistance of around Rs 390 level with good volumes. Momentum in the stock may continue till Rs 415 levels.
Avoid TCS: A built-up of short positions has been seen in the last few trading sessions. The stock is likely to remain in the Rs 2,500-Rs 2,750 range. If it comes near to the Rs 2,500 range, one can look to buy the stock.
Buy Jet Airways: The stock had strong resistance around Rs 345 level, which it breached with strong volumes and closed above it on Tuesday. It also crossed its 50-day moving average which led to buying in the stock. Traders can buy the stock with a stop-loss at Rs 345-Rs 350 for a target of Rs 385-Rs 390. The stock may also scale levels of Rs 420 in the short term.
Buy Kaveri Seeds Company: The stock has made a bottom and crossed its huddle around Rs 480 levels. Bullish bets have been built up in the stock. It can reach levels of Rs 525-Rs 530 on the upside. Risk-reward ratio looks good for the stock.
Short Idea Cellular: The stock broke its immediate support of Rs 156 and short positions str seen building up in the stock. The stock may fall to Rs 147-Rs 148 levels.
Buy Reliance Communication: The stock has surpassed its previous resistance of Rs 77 and may gain up to Rs 82 levels. It has also witnessed addition of bullish bets. Conservative traders can buy Rs 80 strike call.
Buy Reliance Capital: It has crossed a major resistance of around Rs 390 level with good volumes. Momentum in the stock may continue till Rs 415 levels.
Avoid TCS: A built-up of short positions has been seen in the last few trading sessions. The stock is likely to remain in the Rs 2,500-Rs 2,750 range. If it comes near to the Rs 2,500 range, one can look to buy the stock.
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