BANK OF BARODA:
Technical View: The chart structure looks weak and If the stock rejects the crucial support levels of 837/840, the intermediate vertical uptrend may break the lower band of upward moving channel which may invite fresh selling pressure and could test 751 in near run. On the higher side, the resistance will be at 868 and 902 levels.
Trading Strategy: IFIN advises investors to sell BANK OF BARODA below Rs840 with stop loss of Rs 874 for the target of Rs 790.764, 4-5 days. Investors can also trade in May Futures.
Technical View: The chart structure looks weak and If the stock rejects the crucial support levels of 837/840, the intermediate vertical uptrend may break the lower band of upward moving channel which may invite fresh selling pressure and could test 751 in near run. On the higher side, the resistance will be at 868 and 902 levels.
Trading Strategy: IFIN advises investors to sell BANK OF BARODA below Rs840 with stop loss of Rs 874 for the target of Rs 790.764, 4-5 days. Investors can also trade in May Futures.
Momentum Calls: IFINTCS:
Technical View: The daily momentum suggests that the stock has immediate resistance at 1204 and 1246 levels. If the stock sustains above 1246 levels with good volumes, it can move towards the next projected upside level of 1293. On the downs side, the stock has found the support at 1120 and 1108 levels.
Trading Strategy: IFIN advises investors to buy TCS above Rs1161 and add on dips at Rs 1135 with keeping closing stop loss of Rs1105 for the medium term delivery target of Rs 1293/1310. Hold it for 4-5 weeks.
Technical View: The daily momentum suggests that the stock has immediate resistance at 1204 and 1246 levels. If the stock sustains above 1246 levels with good volumes, it can move towards the next projected upside level of 1293. On the downs side, the stock has found the support at 1120 and 1108 levels.
Trading Strategy: IFIN advises investors to buy TCS above Rs1161 and add on dips at Rs 1135 with keeping closing stop loss of Rs1105 for the medium term delivery target of Rs 1293/1310. Hold it for 4-5 weeks.
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