(Short Term Cash)
November 02, 2016
PFC (NSE Cash)
SELL
` 123.80
` 119.50 - 120
` 112.50
5 - 10 Sessions
Daily Chart
Source: Falcon (Chart Time: 09:25 IST)
Justification:
We have witnessed a relentless rally in the upward direction since last seven months along with its peer
counters. Now, we can some signs of weakness as the stock has managed to slip below its recent support
level of 122 on a closing basis. Due to today’s gap down opening, the stock has also confirmed a ‘Sell’ signal
in ‘Parabolic SAR’ indicator. Considering the falling ‘RSI’ on daily and ‘Negative Crossover’ on weekly chart, we
expect a decent profit booking in the near term. Traders are advised to sell this stock at current levels and
on a bounce up to `120 for a target of `112.50 in coming 5 to 10 trading sessions. The stop loss for
this trade set up can be kept at `123.80.
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November 02, 2016
Last 8 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
01-11-16
Engineers India
BUY
272-270
267
293
-
261
Active
27-10-16
Shriram Transport
SELL
1110 - 1100
1045
1030
-
1146
Active
25-10-16
Gabriel India
BUY
123 - 124
122
140
-
115
Active
24-10-16
JK Paper
BUY
83 - 82
-
96
-
76
Profit Booked at 94.25
24-10-16
Kotak Bank
BUY
780 - 785
-
830
-
763
Profit Booked at 810
24-10-16
KPIT Tech
BUY
140 - 141
-
156
-
132
Profit Booked at 144.50
20-10-16
Idea
BUY
75 - 74
75
92
-
67
Active
14-10-16
CESC
SELL
594 - 597
-
545
-
625
SL Triggered
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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