Stock Picks

3rd July 2013: Pullback Play

After a sharp fall  last month, many stocks are looking great for some pullback rallies with good upside potential.

1. TITAN
TITAN

A fall came, then consolidation and then a break above the resistance at 230. This is quite bullish for the stock and it can move upto levels of 240/250/265+. The supports for the stock are at the 218-220 levels. These kind of breakouts give quite a few smart upmoves.

2. HINDALCO
HINDALCO

Hindalco is turning bullish and above 103, this stock can see 110-112 levels. The support for the stock is at 99. If 112 breaks then the stock will  break it's negative moves and become bullish for medium term. The upside targets come out to be 135/140+

3. RELIANCE CAPITAL
RELIANCE CAPITAL

This is a very good stock for positional cash traders. The stock has upside potential for atleast 8%-10% which should see the stock reaching 388-400 range before further decisive moves. Support for the stock is at 347-350 levels.

4. BHARTI AIRTEL
BHARTI AIRTEL

Bharti Airtel has supports at 290 levels with upside potential of 327-330 range. Positional Traders can use 290 as SL and expect 325 in the stock. If 330 breaks then the next target comes out to be 350.

5. RELIANCE POWER
RELIANCE POWER

If Reliance Power gives a closing above 70, the stock has an upside potential of 78-80 with supports at 68 levels. Breaking 83 will make this stock bullish for medium term with targets of 95-100 coming up in it.
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