Exide Industries Ltd. CMP—Rs 143.60

Technical Outlook & Trading Strategy:-

The price of Exide Industries faced heavy selling pressure during the previous session. But the key observation to be made is that the price of Exide has registered a head and shoulders breakdown during the previous session.

This is a bearish formation and the measuring implication of the pattern suggests that the price can decline to levels of Rs 130 and/or Rs 100 levels.

The RSI indicators have also turned into sell mode which displays weakness in the counter.

We recommend traders to sell 50% now and again in the range of Rs 145 – Rs 146 levels with a stop loss placed above Rs 150.2 levels for targets of Rs 136 – Rs 130 levels.

Cipla Ltd. CMP—Rs 277.20

Technical Outlook & Trading Strategy:-

The price of Cipla Ltd appears to be forming a head and shoulder pattern on its weekly charts. A breakdown to the said pattern has confirmed when the price has broken below neckline support level of Rs 283 levels.

The prices will face heavy selling pressure and one could see the price of Cipla decline to the levels of Rs 250 / Rs 240 levels.

We recommend traders to sell 50% on the rise up to 280 and again in the range of Rs 282 – Rs 285 levels with a stop loss placed above Rs 291.6 levels for targets of Rs 268 – Rs 256 levels.

Dish TV India Ltd. CMP - Rs 77.55

Technical Outlook & Trading Strategy:-

The share price of Dish TV has registered a breakdown from its head and shoulders pattern.

This is a bearish formation and the measuring implication of the pattern suggests that the price can decline to the levels of Rs 74.50 / Rs 73 levels in the near term.

The momentum indicators have also turned into sell mode which displays weakness in the

counter.

Traders can look to sell 50% at current levels and on rise to the Rs 78.50—Rs 79 levels with a stop loss placed below Rs 80.60 levels.

Deccan Chronicle Holdings Ltd. CMP - Rs 63.70

Technical Outlook & Trading Strategy:-

The share price of Deccan Chronicle Holdings has closed right above its support level of Rs 63. This is an important support level.

With the price decline over the past few sessions, there are indications that the stock price might

violate this support in near future.

Traders should look to initiate short positions on a breakdown of Rs 63 for price targets of Rs 60.50 / Rs 59 in the near term.

We recommend all sell positions be protected with a stop placed above Rs 64.80.

India Infoline Ltd. CMP - Rs 71.70

Technical Outlook & Trading Strategy:-

The share price of India Infoline has taken strong support & seems to be making a Double bottom at Rs 67- Rs 68 levels .

It has shown a reversal bar at this level, suggesting that the bottom is in place. We expect the stock price to continue its upward movement and believe that it could test levels of Rs 75 / Rs 77 shortly. We recommend a buy above 72.70 with stop loss placed below Rs 70.40 levels.

Tata Global Beverage Ltd. CMP - Rs 90.60

Technical Outlook & Trading Strategy:-

The share price has taken strong support & seems to be making a triple bottom at Rs 85- Rs 86 levels It has shown a reversal bar at this level, suggesting that the bottom is in place.

We expect the stock price to continue its upward movement and believe that it could test levels of Rs 94 / Rs 96 shortly.

We recommend a buy at current price and on pullback to the level of Rs 89- Rs 88 with stop loss placed below Rs 86.80.

Dr. Reddy's Laboratories Ltd. CMP - Rs 1412.15

Technical Outlook & Trading Strategy:-

The price of Dr. Reddy has registered a breakdown to a descending triangle price pattern on weekly charts.

It should be noted that descending triangle breakdown signifies distribution and suggest price decline.

The price of Dr. Reddy can decline towards the Rs 1340/ Rs 1300 levels in the near term. The key momentum indicators are also in sell mode.

We recommend traders to sell 50% now and again in the range of Rs 1428 – Rs 1434 levels with a stop loss placed above Rs 1455.6 levels for targets of Rs 1368 – Rs 1325 levels, expected to be achieved in coming few sessions.

Cipla Ltd. CMP—Rs 284.50

Technical Outlook & Trading Strategy:-

The share price of Cipla appears to have broken down from its downward sloping trendline support (Weekly Chart).

Such a breakdown is likely to have negative implications for the stock price. We expect strong declines to occur in the next few sessions and believe that the technical set up suggests that the stock price could test the levels of Rs 275 / Rs 270.

Short positions can be initiated at current level and again on pullback to the Rs 287-Rs 289 with a stop loss placed above Rs 294.10.

Yes Bank Ltd. CMP—Rs 289.55

Technical Outlook & Trading Strategy:-

The price of Yes Bank has registered a breakdown from its rising trendline support (Weekly Chart).

On the daily chart the stock is trading below its 200 Day moving averages, which is a negative sign.

We believe that this breakdown suggests that the stock price could decline towards the levels of Rs 278 /Rs 272 in the near term.

We recommend sell at current level and again on pullback to the levels of Rs 294- Rs 296 with a stoploss placed above Rs 300.45

Hero Moto Corp Ltd. CMP—Rs 1939.55

Technical Outlook & Trading Strategy:-

The price of Hero Moto Corp has registered a breakout from an inverted head and shoulder formation (Weekly Chart).

This is a bullish formation and the measuring implication of the pattern suggests that the price can advance to levels of Rs 1995 and Rs 2040 levels.

The momentum indicators have also turned into buy mode which displays strength in the

counter.

Traders can look to buy at current levels with a stop loss placed below Rs 1978.40 levels for the above mentioned targets.

Aban Offshore Limited Ltd. CMP—Rs 383.20

Technical Outlook & Trading Strategy:-

The share price of Aban Offshore is likely to continue its downward movement as it broken down from it declining support level of Rs 420 - Rs 418 on 9 th July 2011.

It is interesting to note that the price has also completed a small pullback to the close near to breakdown level and has again revived its southward journey.

We believe the share price could decline towards the levels of Rs 368 / Rs 362 in the near term.

We recommend selling the stock at current levels and again at the levels Rs 385 – Rs 388 with a stoploss placed above Rs 392.40.

National Fertilizers Ltd. CMP—Rs 87.70

Technical Outlook & Trading Strategy:-

The price of National Fertilizer pulled back towards its neckline support level of Rs 83--Rs 84 levels after giving an inverted head & shoulders breakout during on monthly chart.

The pullback witnessed during the previous week was also on the back of declining volumes which is a clear sign that the price of National Fertilizer can take support at these levels.

The momentum indicators are also in buy mode. We recommend traders to buy 50% above Rs 90 and again in the range of Rs 87.5 – Rs 88 levels with a stop loss placed below Rs 83.8 levels for targets of Rs 96 – Rs 100 levels.

Titan Industries Ltd. CMP—Rs 211.05

Technical Outlook & Trading Strategy:-

The share price of Titan has re-tested the neckline of the bearish head and shoulder pattern currently placed at Rs 217- Rs 218 levels and now appears to have revived its southward journey .

The measuring implication of the price pattern suggests that the share price could potentially decline to the levels of Rs 205 / Rs 200 over the near term.

We recommend traders to buy Rs 210 Aug Put 50% now and again in the range of 5 – Rs 6 levels with a stop loss placed below Rs 0.75 levels for targets of Rs 12 – Rs 15 levels.

Titan Industries Ltd. CMP—Rs 214.55

Technical Outlook & Trading Strategy:-

The share price of Titan has re-tested the neckline of the bearish head and shoulder pattern currently placed at Rs 217- Rs 218 levels and now appears to have revived its southward journey .

The measuring implication of the price pattern suggests that the share price could potentially decline to the levels of 205 /200 over the near term.

Looking at the technical evidences mentioned above, we recommend traders to sell below Rs 212 with a stoploss placed above Rs 218.60.

JSW Steel Ltd. CMP—Rs 652.75

Technical Outlook & Trading Strategy:-

The share price of JSW Steel has registered a breakdown from a Reverse Flag formation, which is a bearish continuation pattern and suggests the stock has gained momentum for a fresh down move after a small consolidation.

We recommend selling the stock below Rs 646 for the targets of Rs 621 / Rs 605 with the stop placed above Rs 667.80.

Asian Paints Ltd. CMP— Rs 3148.00

Technical Outlook & Trading Strategy:-

The share price of Asian paints had been consolidating sideways in the narrow range Rs 3010 - Rs 3120 levels since the past few sessions.

With the smart gains in today’s session the price now has given a break-out above this consolidation range.

It has also has closed above its short term moving averages. We believe that these breakouts

augur well for the stock price and could propel it to levels of Rs 3230 / Rs 3260 in near term.

We recommend buy above Rs 3155 with a stop loss placed below Rs 3084 levels.

Trading Recommendation for 9th Aug

Oil & Natural Gas Corporation Ltd. CMP— Rs 283.10
Technical Outlook & Trading Strategy:-

The Share price of ONGC has registered a strong bounce back from its weekly support level of Rs 269 levels. On the daily chart the stock has closed above its short term moving averages. We believe that the stock could move up to the levels of Rs 292 -Rs 295 /Rs 300 in the near term.

We recommend traders to buy at current levels and again on pullback to the Rs 280 – Rs 278 with a stop loss placed below Rs 273 levels.

DLF Ltd. CMP—Rs 210.25

Technical Outlook & Trading Strategy:-

The reality sector witnessed heavy selling pressure on Friday’s session of trade. The price of DLF also fell on the back of strong volumes.

The Rs 208 levels is the crucial support for the price of DLF. On the weekly chart this breakdown will open up downside targets of Rs 195 / Rs 184 levels.

The momentum indicators are also in sell mode and the price of DLF has also closed below its key moving average clusters since the past few sessions of trade.

We recommend traders to Buy DLF 200 Aug PUT between Rs 3.50 - Rs 5 for targets of Rs 9 / Rs 12 with a stoploss placed below Rs 0.30

TRADING RECOMMENDATIONS Century Textiles & Industries Ltd.

Century Textiles & Industries Ltd. CMP— Rs 329.30
Technical Outlook & Trading Strategy:-

On the daily chart the share price of Century Text has closed below its cluster of moving averages. The stock has registered a breakdown from a symmetrical triangle pattern. It should be noted that symmetrical triangle breakdown signify distribution and suggest price declines. The momentum indicators are also in a bearish zone.

We recommend traders to sell 50% below Rs 326 and again in the range of Rs 328 – Rs 330 levels with a stop loss placed above Rs 336.6 levels for targets of Rs 315 – Rs 306 levels, expected to be achieved in coming few sessions.

TRADING RECOMMENDATIONS

TRADING RECOMMENDATIONS Tata Global Beverages Ltd.

Tata Global Beverages Ltd. CMP— Rs 111.00
Technical Outlook & Trading Strategy:-

The share price of Tata Global Beverages has registered a breakout form its resistance level of Rs 109 with an increase in trading volumes. The overall technical set up remains positive. We believe that the share price could head towards the level of Rs 115 / Rs 118 in the near term.

We recommend buy at current level and again on pullback to the level of Rs 110 - Rs 109 with a stoploss placed below Rs 107 level.

TRADING RECOMMENDATIONS Hindustan Oil Exploration Ltd.

Hindustan Oil Exploration Ltd. CMP— Rs 171.80
Technical Outlook & Trading Strategy:-

The share price of Hindustan Oil Exploration has taken strong support & seems to be making a double bottom at Rs 165. It has shown a reversal bar at this level , suggesting that the bottom is in place. We expect the stock price to continue its upward movement and believe that it could test levels of Rs 178 /Rs 180 shortly.

We recommend a buy at current price and on pullback to the level of Rs 169 --Rs 168 with stop loss placed below Rs 165.

TRADING RECOMMENDATIONS Titan Industries Ltd.

Titan Industries Ltd. CMP— Rs 225.15
Technical Outlook & Trading Strategy:-

The share price of Titan appears to be forming Head & Shoulder formation. This is a bearish formation and the measuring implication of the pattern suggests that the price can decline to the levels of Rs 218 / Rs 215 levels.

Short positions are recommended at current levels with a stop placed above Rs 231.60 levels.

TRADING RECOMMENDATIONS Exide Industries Ltd.

Exide Industries Ltd. CMP—Rs 149.90
Technical Outlook & Trading Strategy:-

The share price of Exide Industries has closed near to its support level of Rs 148. This is an important support level. With the price decline over the past few sessions, there are indications that the stock price might violate this support in near future.

Traders should look to initiate short positions on a breakdown of Rs 148 for price targets to levels of Rs 143/ Rs 140.

We recommend all sell positions be protected with a stop placed above Rs 152.60 levels.

TRADING RECOMMENDATIONS Moser-Baer Ltd.

Moser-Baer Ltd. CMP— Rs 35.45
Technical Outlook & Trading Strategy:-

The share price of Moser-Baer has broken below its critical supports. The level of Rs 36 was acting as a good support in recent history. In simple technical outlook, violation of important support should indicate further price declines.

We believe that the stock price could decline to the next support levels of Rs 34 / Rs 33.50 in forthcoming sessions.

Short positions are recommended at current levels and on pullbacks to levels of Rs 35.80 -- Rs 36.10. We recommend a stop placed above Rs 36.80 levels.

Ranbaxy Laboratories Ltd. CMP—Rs 561.45

Technical Outlook & Trading Strategy:-

The share price of Ranbaxy Laboratories had been consolidating sideways in the range Rs 530 - Rs 555 levels since the past few weeks.

With the smart gains in today’s session the price now has given a break-out above this consolidation range with an increase in trading volumes. We believe that these breakouts augur well for the stock price and could propel it to levels of Rs 580 / Rs 595 in near future.

We recommend buy at current lev els and again on pullback to the levels of Rs 556 – Rs 553 with a stop loss placed below Rs 544.90 levels.

Bank of India Ltd. CMP—Rs 382.75

Technical Outlook & Trading Strategy:-

The share price of Bank of India Steel has closed right above its support level of Rs 380.

This is an important support level. With the price decline over the past few sessions, there are indications that the stock price might violate this support in near future. Traders should look to initiate short positions on a breakdown of Rs 380 for price targets to levels of Rs 365 / Rs 355.

We recommend all sell positions be protected with a stop placed above Rs 391.40 levels.

Jindal Steel & Power Ltd. CMP—Rs 587.85

Technical Outlook & Trading Strategy:-

The metals sector witnessed heavy selling pressure on Friday’s session of trade. The price of Jindal Steel also fell on the back of strong volumes. The Rs 600 levels was the crucial support for the price of Jindal Steel.

On the weekly chart this breakdown has opened up downside targets of Rs 540 / Rs 500 levels. The momentum indicators are also in sell mode and the price of Jindal Steel has also closed below its key moving average clusters since the past few sessions of trade.

We recommend trader to buy 560 PE between Rs 9- Rs 12 with a stoploss placed below 1 for targets of Rs 25 / Rs 30.

ABG Shipyard Ltd. CMP—Rs 388.40

Technical Outlook & Trading Strategy:-

On the daily chart the share price of ABG Shipyard is sustaining above its cluster of moving averages for past few sessions. On the weekly chart the stock has registered a breakout from a symmetrical triangle pattern.

It should be noted that symmetrical triangle breakout signify consolidation and suggest price advances. The momentum indicators are also in a bullish zone.

We recommend traders to buy 50% now and again in the range of Rs 382 – Rs 385 levels with a stop loss placed below Rs 375.8 levels for targets of Rs 395 – Rs 405 levels, expected to be achieved in coming few Sessions.