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Sunday, July 24, 2011

#16 Stock Update: Weekly Picks 25th July to 29th July


STOCK
CMP
TARGETS
STOP LOSS
REMARKS
AMBUJA CEMENT
129.550
131/135
124
Stock has been taking strong support at 124. It has seen close over all the short term moving averages. RSI and Stochastics are supporting bulls so I recommend stock for safe trdrs.
ANDHRA BANK
137.40
142/147
133
A perfect “Morning star” pattern has been seen. I recommend to buy stock on DIPS.
Jain Irrigation
170
176/183
163
A stock has witnessed a close over all the short term moving averages with a strong bullish candle. RSI and Stochastic are suggesting buy with SL.
TATA Steel
584
595/610
565
TATA Steel has been taking support around 570 levels. All the indicators has been bullish crossover.
MPhasis
444
466/481
420
A Strong bull candle has seen its close over short term moving averages. Stochastic is turning around from the oversold condition.
Nagarjuna Fertilizers
33.65
42.50
32
Stock has been taking support of upward trend line since last 2 months. With the positive crossover of the indicators I advise for small cap investors to buy the stock.
Bank India
416
426/432
410/406
Stock has been too volatile in last few days. A doji was followed by strong bull candle so I recommend this stock for high risk client.

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