- NIIT Technologies Limited:
NIIT Tech is performing well for buyers by showing a consistence positive move from last week. We can see the potential of buyers in this stock as the prices have moved from 489 to 529 in last six trading sessions. 532 handle seems to be good level for a fresh buying in this stock. Which can lead to a initial resistance of 540 further a high edge can be seen at 560.
Where on 5th July 2016 NIIT announced that meeting of Board of Director of company will be held on 15th july to consider and take on record the Un-audited Financial result of the Quarter ended June 30 . This also gives a potential to buy in the stock.
- Bharat Financial Inclusion:
Bharat Fin is performing really good on chart and we can see a superb buying in this stock from last six trading session on daily frame stock is performing in a sharp up trend by gaining the confidence of buyers from every corner. A move of almost 100 points Is covered by the stock in last 6 days. Currently stock Is trading on the high of last 5 years. On higher end an open level of 780 is about to come In a week time and if the stock sustain the prices can lead up to 900 handle too in till the July end. Where the major support fall at 680 handle.
- Apollo Tires:
Apollo Tyres is in a continuous up trend. Stock closed on a resistance level of 156 on Tuesday looking on the price trend on the chart we are expecting a fresh buy above 158 which can lead to 166 and 173 handle. As Apollo Tyres is also supported by a good volume.
- City Union Bank
City Union Bank outperformed in last couple of days. We saw a huge volume in the stock as well which lead to the upside of 17 points. Stock closed at 124 which is a life time high of counter till yet. As 110 was behaving as a major resistance for the stock to break the price but now when prices are touching the sky same 110 handle had become the support as well and we can expect a bracket of 130 to 140 in coming trading session we 125.50 gets break.
- Delta Corp Limited
Delta Corp trending near the major resistance of 100 and currently standing at 97 handle. Two days previously we saw a sharp shoot in price from 86 to 97 range. Further we expect price to approach for 110 handle with a good volume which was continued till yet. Currently prices are trading at years high. So buyers are more interested in the stock as well.
- United Breweries Limited :- UBL
UBL performing well in weekly chart as we see in weekly chart it clearly show double bottom formation and gives proper breakout of it. It gives conformation level at 790. So we recommend it to buy at level 790 with target of 860 and 960 for next week.
- Ujjivan Financial Services Limited :- UJJIVAN
UJJIVAN gives breakout of consolidation in daily chart. We can except the major upside move in ujjivan upto level 450 in next week. The Reserve Bank of India shortlisted 10 micro lenders to set up small banks to advance loans primarily to the unbanked, small businesses and farmers, micro and small industries and unorganized sector entities which do not have access to finance from the larger banks. So we can except a major movement in ujjivan in coming trading days.
- Intellect Design Arena Limited:- INTELLECT
INTELLECT gives reversal signal in weekly chart forming a candle doji pattern in downtrend and conformation of it buy large green candle. Now we can except a upside movement in intellect to the level 250 recommended buy at level 210. Intellect aanouced that bank Maybak Indonesia has gone live with Intellect’s integrated treasury management – One Treasury for Indian operation. It plays major impact on it movement.
- IDBI Bank
The short-term outlook for the stock of IDBI Bank is bullish. The stock surged 6 per cent on last 2 working days. This rally has broken the sideways consolidation in the band between 63 and 73 that was in place since March. Also, Monday’s rise which was accompanied by strong volume has taken the stock well above the 200-DMA at around 72 and the 50 per cent Fibonacci retracement resistance at 71.5. Support for the stock is in the range between 71.5 and 72.
An immediate rise to 77 — the 61.8 per cent Fibonacci retracement resistance is possible in the near term. A strong break above this hurdle can take the stock higher to the next targets of 80 and 82. Traders with a short-term perspective can go long. Stop-loss can be kept at 71 for a target of 81.
Latest posts by Starindiamarket (see all)
- Special Report:Super 5 Stocks for BTST - February 7, 2017
- STARINDIA Market Research OPTION TIPS UPDATE:Call@8817002233 - February 3, 2017
- Outlook Of Nifty/bank nifty today - February 3, 2017