Stock Picks

10th March, 2014 and ahead: Stocks to watch

GRANULES INDIA
Granules India
BUY Granules India above 280, SL: 255, TGT: 330+ levels. The stock is in a strong uptrend and is finding support at it's 34DMA. The stock can move up sharply if it breaks 280 and then 295 levels.

ASHAPURA MINECHEM
Ashapura Minechem
BUY near 60, SL: 55.5, TGT: 70. A rising stock, giving a strong breakout. This stock can rally sharply.

JINDAL STEEL
Jindal Steel and Power Limited (Daily Chart)
On the daily charts, JSPL has given a breakout above 250 levels. BUY around 256, SL: 250, TGT: 268-269.

GODREJ INDUSTRIES
Godrej Industries
The stock is a must have on the watchlist, we can see a sharp upmove above 300.

JP ASSOCIATES
JP Associates - Daily Chart
The key level to watch this week will be 52-52.5, breaking above this level can take the stock to 58. In the coming sessions, if JP Associates is able to break above 58, we can see 62-65+ levels in the stock.

UNITECH
Unitech Limited
The key level to watch in Unitech is 12.9, if the stock breaks above 12.9, we can see it rally upto 14.6/16.1 levels. Support for the stock is at 11.7 levels.

RELIANCE COMMUNICATIONS
Reliance Communications
The stock has taken support at the 50% retracement levels of it's 50 to 160 rally. The stock is trading in a downchannel with resistance at around 125 levels. If the stock breaks above this range, the stock could head towards 145-150 levels.

ITC
ITC
ITC has broken an important resistance at the 332-332.5 levels. The stock could head towards 355 levels in coming sessions. We are already LONG at 332 levels. Support for the stock is at 327 levels to keep the uptrend intact.

BHARTI AIRTEL
Bharti Airtel
BUY Bharti Airtel above 306, SL: 299.4, TGT: 319-320+ levels. The stock is in a downchannel, recent sessions have seen volumes rising. The stock can shoot up once it breaks the upper range of the down channel.

ADANI POWER
Adani Power
Adani Power has broken it's range bound period with a good rise in volumes. The stock could move upto 45 levels if it breaks resistance at 42.5 zone. BUY around 39.5, SL: 38, TGT: 42.5.

LIC HOUSING FINANCE
LIC HOUSING FINANCE
With a huge spurt in volume, LICHF has broken resistance at 216 levels. BUY around 222 for targets of 232 with SL at 217. Positional traders hold with SL at 215 on Closing Basis for targets of 247-250.

ENGINEERS INDIA
Engineers India Daily Chart
The stock has broken above it's previous swing high with a huge spurt in Volumes after creating higher lows. The stock could move upto 170-175 levels in short term which is a strong resistance zone. Above it, we can see the stock rally upto 200 levels. Support is at 152 levels.

There are many other stocks on our watchlist, which we regularly keep updating on this post itself for the week and also on our facebook page. Like our page and stay updated. It's all for free!

Read our Nifty analysis for the week here.
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