(Short Term Cash)
November 08, 2016
CRISIL (NSE Cash)
BUY
` 2140
` 2190 - 2210
` 2350
5 - 10 Sessions
Daily Chart
Source: Falcon (Chart Time: 15:00 IST)
Justification:
This has been a steady outperformer over the past few years. Recently, we witnessed a decent correction in
prices after posting a new all time high of 2492.32 during the early part of October. Now, since last 3 - 4 days,
this stock has been finding a strong support around the daily ’89 EMA’. This level coincides with the 61.8%
Fibonacci retracement level of the recent up move from 1970 to 2492. Now, if we look at the daily as well as
weekly chart structure, the trend has been clearly bullish considering the formation of ‘Higher Top Higher
Bottom’. Thus, going ahead, we expect a decent bounce in the stock. Traders are advised to buy this stock
at current levels and on a decline up to `2190 for a target of `2350 in coming 5-10 sessions. The stop
loss for this trade set up can be kept at `2140.
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November 08, 2016
Last 9 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
04-11-16
BHEL
SELL
136 - 137
-
128
-
140.50
SL Triggered
04-11-16
SUN TV
SELL
518 - 522
-
491
-
532
SL Triggered
03-11-16
BPCL
SELL
650 - 655
657
612
-
672
Active
02-11-16
Maruti Suzuki
SELL
5790 - 5820
5630
5460
-
5982
Active
02-11-16
PFS
BUY
41.50 - 40.50
39
48
-
38
Active
02-11-16
PFC
SELL
119.50 - 120
-
112.50
-
123.80
Booked Profit at 113.90
27-10-16
Shriram Transport
SELL
1110 - 1100
-
1030
-
1146
Target Achieved
25-10-16
Gabriel India
BUY
123 - 124
121
140
-
115
Active
20-10-16
Idea
BUY
75 - 74
73
92
-
67
Active
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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