Author: Davidclutt

Sun Pharma

Sun pharma has given good breakout last week. As stock managed to close above 490-505 which was tested a lot of times.
We can expect rally up to 550/600 levels easily.
Support 504

ABFRL

Aditya Birla fashion retail is showing a good move after the recent rights issue by the company.
Buy above128
Support 121
Target 140

Aarti Industries

Specialty chemicals companies are biggest beneficiaries after China US conflicts.
This is time to bet of big players like Aarti Industries.
One can buy near 990
Support 900
Target possible 1050

Varun Beverages Ltd

Varun Beverages is the company which hold franchise licence for Pepsico.
Stock is under consolidation for last 2-3 months.
Breakout possible above 750.

Naukri

During the lockdown, there has been a significant increase in online activities. Naukri could be beneficiary from an increase in online hiring (owner of Naukri.com). The company also holds a stake in Zomato & Policybazzar.com.

UPL

United Phosphorus Limited has recently posted good set of quarterly earnings. This year IMD has predicted good monsoon season which could increase revenue of the company going forward.
UPL Buy @ CMP SL 460 T 504

Titan

Indian festive season is around the corner and Titan holds a good market share in Jewellery & Watches in organized players.
Titan has recently given a breakout and could move going forward.

Godrej Properties

Godrej Properties has been beaten down due to a decrease in a transaction in real estate. It could be a contra bet & could give good returns in the long run.

Advanced Enzymes

Indian Pharma Companies are posting stellar results due to increase in demand for pharmaceuticals after the pandemic.
One can look at Advanced Enzymes as stock has given breakout recently.

Ambuja Cements

As India is going through unlock, demand for construction is picking up.
Ambuja Cements could be beneficiary in this space.

PetroNet

There has been shift towards energy efficient & clean fuel. Investors can explore Petronet.

Adf Foods

Adf Foods have recently given fresh breakout and is trading near all time high levels.

India Mart

India Mart is trading near support,
Positional traders can keep an eye 2150 & 2100 as support levels.

Balkrishna Industries

Balkrishna Industries is trading near 52 week high. Momentum traders can buy above 1300 for 1350/1365 targets. Stoploss below 1280.

Torrent Pharma

Torrent Pharma is near support levels 2315 & 2280. Reversal traders can enter at support levels with 2-4% of SL.

City Union Bank

City Union Bank is trading at support levels. RSI & Price action shows there has been some buying at lower levels.
Reversal traders can enter at CMP with 118 SL for 138 targets.

MotherSon Sumi

Momentum traders can enter Motherson Sumi above 99 for 101.5 & 102 targets.

PNB

Reversal possible @ 33.8-34

ICICI Lombard

ICICI Lombard has shown good buying at lower levels.
Support 1220

Deepak Fertilizers

Rounded bottom formation in Deepak fertilizer + stock is near resistance
Above 126, breakout possible

Dabur

Dabur is trading near resistance zone and if 476 is broken we will near all time high across the counter.
There is news Dabur will be added to Nifty50 from Aug series.

AshokLey

Ashokley will be reporting monthly sales in first week of July.
Support level @ 43.5 & 46.6

Bajaj Finance

Bajaj Finance CMP 2903
is Buy above 3130
and Sell below 2850

Aurobindo Pharma Ltd

AuroPharma. CMP 780
Highly overbought + -ve RSI divergence
Support broke
Short below 772 Target 760/ 744/735

Bata India

Bata India CMP 1325,
Sell below 1295

DMART

DMART CMP 2294
Failed to closed above 2500, now near support line, Avoid longs as showing weakness.
Support 2188
Sell below 2985

BDL (BHARAT DYNAMICS LIMITED)

Heavy Buying was seen in BDL last week. The stock has already given breakout after large consolidation.

Buying Range 265-300
Stop Loss 245
Target 350

Godrej Agrovet

Godrej Agrovet is uniquely placed in the agro sector. Reversal spotted at lower levels.
Buying range 420-465
Stop Loss 410
Target 550

IPCA Laboratories

Pharma space is in a continuous bull run since the start of the COVID19 pandemic. We think IPCA Laboratories is well placed in pharma space.
Buying range 1650-1720
Stop Loss 1595
Target 1825

Gillette India

Gillette India has been reversing from lower levels. One can accumulate for a higher target with a small stop loss.
Buying range 4950-5000
Stop Loss 4800
Target 5300

Mindtree Ltd

India IT industry has recovered well from march 2020 low levels and have continuous outperformed Nifty50 for last 5 years.

Buying range 940-970
Stop Loss 930
Target 1025

Infosys Ltd

Buying range 730-755
Stop Loss 710
Target 790/810/ 840

Tata Power

Buying Range 45-47
Stop Loss 44
Target 49/51