Feb 18, 2013

Short and Mid Term Trading Guideline for NSE Futures and Options Stocks 2

Short and Mid Term Trading Guideline for Futures and Options Stocks.
All stocks are futures and options list stocks, so short selling can also be advised along with buying.
Charts are analysed for the cash segment only and not the future price move charts.
The date of analysis is 15-02-2013.

8. Uco Bank has support at 60, CMP is 64, if breaks below that it will try to touch next support of 43. Big rally possible only above 85 and 95 which are crucial multiple top formation levels.

9. FMCG is bit of tiring out. It has failed to perform in last few weeks. Titan is trying to break its consolidation pattern. Main reason for re-patterning in this stock is the tightening of government in gold trade balance. It is forming short term lower top lower bottom pattern CMP is 266. A break below 260 will open range of 220-240. If it forms bottom around 220 levels and rises steadily with higher top higher bottom formation and eventually makes multiple inverse head and shoulder pattern or inverse bowl pattern then in months to come 310 level will be crossed then it can open range of 300-500 of new higher levels.

10. TECH MAHINDRA is trying to break out above 1042 levels. Don't buy for long below that level. IT is acting as best defensive and outperforming sector in time of correction this time. We don't advise sell strategy. Better to wait for good opportunity and buy into it. 867 level is support for the stock where big pull back swing will come if it has ever to go down and correct.

11.Like TECH MAHINDRA, TCS is also trying to break above 1140. If it breaks above this level then it will again become a buy on every dip stock. And again sustain its uptrend. However, big short term gains should not be expected. This can be more delivery based stock than trading stock. Infosys and HCL and Tech Mah are better for trading.

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Technical analysis and stock movements as well recommendations are subject to changes in market condition and news flow of company and the economy. So please remain updated with us. Or contact us directly in case of any query on info@meghainvestments.com or 09377008708


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