TRADING RECOMMENDATIONS Tata Power Company

Technical Outlook & Trading Strategy:-

The Tata Power has seen a sharp fall from the highs of Rs 133 on 5th July 2011 to the lows of Rs 93.05 Levels.

On the daily chart the stock has managed to close above its cluster of moving averages. The momentum indicator on the daily chart is also in a bullish zone suggesting more upside in the stock.

We recommend traders to buy 50% now and again on dips up to Rs 99.5—Rs 100 levels with a stop loss placed below Rs 97.8 levels for targets of Rs 107 / Rs 110 levels.

TRADING RECOMMENDATIONS Kotak Mahindra Bank

Technical Outlook & Trading Strategy:-

The share price movement of Kotak Mahindra Bank appears to be taking form of a Head & Shoulder pattern.

A Head & Shoulder is a bearish pattern as it is associated with sharp price decline once the share price records a breakdown from its neckline.

In the case of Kotak Mahindra Bank the neckline is placed at the levels of Rs 454. The measuring implications of the pattern suggest that following a breakdown the share price could head towards the following price levels: Rs 438 /Rs 430.

We recommend traders to sell below above Rs 454 with a stop placed above Rs 465.70 for the above mentioned target.

TRADING RECOMMENDATIONS TTK Prestige

Technical Outlook & Trading Strategy:-

The share price of TTK Prestige has found good support at the rising trend line support placed at Rs 2560.

The stock has taken support on couple of occasions in the past & has been moved decisively on upside, which is bullish sign.

Hence we expect the bounce back to continue to following levels: Rs 2745/ Rs 2830.

We recommend buy at current level and again on pullback to the levels of Rs 2600- Rs 2590 with a stoploss placed below the Rs 2544.40 levels.

TRADING RECOMMENDATIONS Wipro

Technical Outlook & Trading Strategy:-

The share price of Wipro has registered a break-out above its cluster of moving averages.

The momentum indicators remain in the rising trajectory and indicate strength in the current up-move.

We expect the stock price to test levels of Rs 362/ Rs 374 shortly. We recommend a buy at current level and again on pullback to the levels of Rs 341-Rs 344 with a stop loss placed below the level of Rs 334.80.

TRADING RECOMMENDATIONS Jindal Steel & Power.

Technical Outlook & Trading Strategy:-

The price of Jindal Steel has made a double top formation and fell sharply from a high of Rs 569.2 levels during last few sessions.

The double top formation is also backed by a heavy volume in the stock. The momentum indicator is also in bearish zone.

Thus, all of the above technical evidence is suggesting more downside. We recommend traders to sell 50% below 508 and again in the range of Rs 512-- – Rs 515 levels with a stop loss placed above Rs 523.6 levels for targets of Rs 490 – Rs 475 levels, expected to be achieved in coming few Sessions.

TRADING RECOMMENDATIONS State Bank of India

Technical Outlook & Trading Strategy:-

The Share price of State Bank of India appears to be forming an Inverted head and shoulder pattern.

A breakout from the said pattern would be confirmed once the share price breaks above the neckline resistance level of Rs 2020.

Traders can look to buy at current price and again on pullback to the levels of Rs 1930- Rs 1920 for the above mentioned first target and place a stop at Rs 1887.80.

Once the stock price trades below Rs 2020, traders can add to long positions with a revised stop placed at Rs 1950.

We believe that if the Inverted Head & Shoulders formation does record a breakout, the stock price could head towards the levels of Rs 2080/ Rs 2130.

TRADING RECOMMENDATIONS ACC Ltd.

Technical Outlook & Trading Strategy:-

The share price of ACC Ltd has already been moving up for the last few days and is very likely that the stock price will test its immediate resistance of Rs 1135 - Rs 1142.5 in the next few days.

The momentum indicators remain in the rising trajectory and indicate strength in the current up-move. The stock is also sustaining above its Cluster moving averages.

We recommend traders to buy only in the case of any pullback in the market , buy 50% now and again on dips up to 1060--1055 levels with a stop loss placed below Rs 1037.8 levels for targets of Rs 1110 – Rs 1140 levels.

TRADING RECOMMENDATIONS Housing Development Finance Corporation Ltd

Technical Outlook & Trading Strategy:-

The Share price of HDFC Ltd has been consolidating within broad ranges of Rs 612.4 to Rs 732 levels.

But, the key observation to be made is that the price of HDFC Ltd has formed a head and shoulder pattern on the Daily charts.

A breakdown from the said pattern would be confirmed when the price breaks below the neckline level of Rs 623.5 levels.

The momentum indicator is also in sell mode. The prices of HDFC Ltd will face severe selling pressure once it starts trading below the neckline level of Rs 623.5 levels.

We recommend traders to sell 50% below Rs 623.5 and again in the range of Rs 632 – Rs 636levels with a stop loss placed above Rs 645.6 levels for targets of Rs 600 – Rs 582 levels, expected to be achieved in coming few Sessions.

TRADING RECOMMENDATIONS Larsen & Toubro

Technical Outlook & Trading Strategy:-

The share price of Larsen & Toubro has registered a break-out from a Head & Shoulders pattern. This is a bearish pattern and the measuring implication suggests towards a strong possibility of the share price declining towards the level of Rs 1450 /Rs 1435 / Rs 1400 in the near future.

We recommend a sell at current price and on pullback to the level of Rs 1505 - Rs 1515 with stop loss placed above 1542 for the aforementioned targets.

TRADING RECOMMENDATIONS Housing Development Finance Corporation Ltd.

Technical Outlook & Trading Strategy:-

The share price of HDFC has registered a break-out from its Inverted Head & Shoulders pattern (Intraday chart).

This is a bullish pattern and the measuring implication suggests towards a strong possibility of the share price heading to the targets of Rs 695 /Rs 705. We recommend buy at current price with a stoploss placed below Rs 656.40.

TRADING RECOMMENDATIONS Wipro Ltd.

Technical Outlook & Trading Strategy:-

The most important observation to be made on the charts of Wipro is the positive divergence displayed by indicators.

They signal that the declining movement of the price could have lost force and in all likelihood give some kind of a bounce back.

The share price has also closed above its short term moving averages. In the short term we expect the share price to head towards the target of Rs 370- Rs 375 levels.

We recommend buy at current levels and again on pullback to the level of Rs 345- Rs 342 with a stoploss placed below Rs 335.80.

TRADING RECOMMENDATIONS Jubilant Foodworks Ltd.

Technical Outlook & Trading Strategy:-

The Stock price of Jubilant Foodworks has registered a breakdown from its cluster of moving averages .

The overall technical remains negative. We expect the stock price to decline towards the level of Rs 850 /Rs 830 in the near term.

We recommend traders to sell at current level with a stop loss placed above Rs 912.20 levels.

TRADING RECOMMENDATIONS Bharat Heavy Electricals Ltd.

Technical Outlook & Trading Strategy:-

The share price of BHEL has broken below its critical support level of Rs 1660. 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 1600 / Rs 1570 in forthcoming trading session.

Short positions are recommended at current levels and on pullbacks to levels of Rs 1670- Rs 1680. We recommend a stop placed above Rs 1702.20

TRADING RECOMMENDATIONS Dr. Reddy's Laboratories Ltd.

Technical Outlook & Trading Strategy:-

The Stock price of DR. REDDY has seen a fall from the high of Rs 1621 on 20th July 2011 to a low of Rs 1387 on 22nd Aug 2011.

Since then the stock has pulled back & closed above Rs 1504 which is a 50% retracement level of previous fall.

On the daily chart the stock has managed to close above its cluster of moving averages. The momentum indicator on the daily chart is also in a bullish zone suggesting more upside in the stock.

We recommend traders to buy 50% now and again on dips up to Rs 1500--Rs 1510 levels with a stop loss placed below Rs 1477.8 levels for targets of Rs 1574 – Rs 1600 levels.

TRADING RECOMMENDATIONS State Bank of India Ltd.

Technical Outlook & Trading Strategy:-

STATE BANK has seen a sharp fall from a high of Rs 2529.5 on 25th April 2011 to a low of Rs 1812.9 on 14th Sept 2011.

During the week the stock was trading below its crucial support level but on the closing basis the stock has registered a close above its support level and has formed a Hammer Candlestick Pattern.

Traders should note that a Hammer candlestick formation is a significant bullish reversal candlestick pattern suggesting upside for the stock.

We recommend traders to buy 50% now and again in the range of Rs 1915 – Rs 1930 levels with a stop loss placed below Rs 1884.8 levels for targets of Rs 2010 – Rs 2050 levels.

TRADING RECOMMENDATIONS Kotak Mahindra Bank Ltd.

Technical Outlook & Trading Strategy:-

The share price of Kotak Mahindra Bank has registered a break-out from its Inverted Head & Shoulders pattern.

This is a bullish pattern and the measuring implication suggests towards a strong possibility of the share price heading to the targets of Rs 500/ Rs 510.

We recommend buy at current price with a stoploss placed below Rs 467.80.

TRADING RECOMMENDATIONS BF Utilities Ltd.

Technical Outlook & Trading Strategy:-

The share price of BF Utilities has registered a strong bounce back from its short term moving averages.

The Overall technical set up remains positive. We believe that the stock price could head towards the level of Rs 550-Rs 560 in the near term.

We recommend buy at current price with a stoploss placed below Rs 508 levels.

TRADING RECOMMENDATIONS Delta Corp Ltd.

Technical Outlook & Trading Strategy:-

The share price of Delta Corp has already been moving up for the last few days and is very likely that the stock price will test its immediate resistance of Rs 113 - Rs 115 in the next few days.

The momentum indicators remain in the rising trajectory and indicate strength in the current up-move. The stock is also sustaining above its short term moving averages.

Hence we recommend buy at current price and again at Rs 106- Rs 105 with a stoploss placed below Rs 103.40

TRADING RECOMMENDATIONS Punj Lloyd Ltd.

Technical Outlook & Trading Strategy:-

The price of Punj Lloyd appears to be forming a head and shoulder pattern (intraday chart). A breakdown from the said pattern would be confirmed when the price breaks below neckline support level of Rs 58.

Traders can look to sell at current price with a stop at Rs 61.15. Once the stock price trades below Rs 58, traders can add to short positions with a revised stop placed at Rs 59.05 levels.

We believe that if the Head & Shoulders formation does record a breakdown, the price could decline to levels of Rs 56 /Rs 54 levels.

TRADING RECOMMENDATIONS Bata India Ltd.

Technical Outlook & Trading Strategy:-

We reiterate our short call on Bata India .The key observation to be made on the charts of Bata India is the negative divergence displayed by indicators.

They signal that the upward movement of the price could have lost force and in all likelihood give some kind of a decline.

The share price has also closed below its short term moving average. In the short term we expect the share price to decline towards the target of Rs 648 / Rs 635 levels once it trades below the

Rs 668 levels. We recommend sell at current price with a stoploss placed above Rs 687.20

TRADING RECOMMENDATIONS Bata India Ltd.

Technical Outlook & Trading Strategy:-

The most important observation to be made on the charts of Bata India is the negative divergence displayed by indicators.

They signal that the upward movement of the price could have lost force and in all likelihood give some kind of a decline.

In the short term we expect the share price to decline towards the target of Rs 648 / Rs 35 levels once it trades below the 668 levels.Hence we recommend sell below Rs 668 with a stoploss placed above Rs 687.20

TRADING RECOMMENDATIONS Indian Oil Corporation

Technical Outlook & Trading Strategy:-

The share price movement of IOC appears to be taking form of an Inverted Head & Shoulder pattern.

An inverted Head & Shoulder is a bullish pattern as it is associated with strong price up move once the share price records a breakout from its neckline.

In the case of IOC the neckline is placed at the levels of Rs 319-Rs 320. The measuring implications of the pattern suggest that following a breakout the share price could head towards the following price levels: Rs 334 / Rs 340.

We recommend traders to buy at current level with a stop loss placed below Rs 308.70 levels for targets of Rs 326 / Rs 334 /Rs 340 levels.

TRADING RECOMMENDATIONS Gitanjali Gems Ltd.

Technical Outlook & Trading Strategy:-

The Gitanjali Gems has seen a sharp rise from the low of Rs 292 on 25th Aug 2011 to till the date. On the daily chart the stock has managed to close above its cluster of moving averages.

On the weekly chart the stock has registered a running breakout to its rising channel resistance line. The MACD indicator on the daily chart is also in a bullish zone suggesting more upside in the stock.

We recommend traders to buy 50% now and again on dips up to Rs 336-- Rs 338 levels with a stop loss placed below Rs 325.8 levels for targets of Rs 356 – Rs 370 levels.

TRADING RECOMMENDATIONS Dish TV India

Technical Outlook & Trading Strategy:-

The price of Dish TV has pulled back towards its neckline resistance level of Rs 80 levels after giving a head & shoulders breakdown.

The pullback witnessed during the previous session was also on the back of declining volumes

which is a clear sign that the price of Dish TV did not face any real demand pressure.

The momentum indicators are still in sell mode. On the daily chart RSC indicator has formed a declining Head & shoulder.

This adds further strength to the bearish argument. We recommend traders to sell 50% Now and again in the range of Rs 78 – Rs 78.5 levels with a stop loss placed above Rs 80.2levels for targets of Rs 74 – Rs 71.5 levels.

TRADING RECOMMENDATIONS Titan Industries Ltd.

Technical Outlook & Trading Strategy:-

The share price of Titan has registered a breakout from a Flag formation. Flag Formation is a continuation pattern and suggests the stock, has gained momentum for a fresh up move after a small consolidation.

The momentum indicators remain in the rising trajectory and indicate strength in the current up-move. We believe that the stock price could test the level of Rs 232 - Rs 236 in the near term.

We recommend a buy above 225 with a stoploss placed below 218.40 for the above mentioned targets.

TRADING RECOMMENDATIONS Indian Overseas Bank Ltd.

Technical Outlook & Trading Strategy:-

The share price of Indian Overseas Bank has been consolidating in a narrow range of Rs 106- Rs 110 levels for the last few session.

With today’s movement the share price has registered a breakout from this range. This breakout

suggests that the share price could head towards the level of Rs 114.50 / Rs 116 / Rs 118.

We recommend buy at current levels and again on pullbacks to level of Rs 110-109 with a stoploss placed below Rs 107.20.

TRADING RECOMMENDATIONS State Bank of India Ltd.

Technical Outlook & Trading Strategy:-

The share price State Bank of India has seen a sharp fall from a high of Rs 2500 on 26th july 2010 to a low of Rs 1866 on 26th Aug 2011.

The share price seems to have a taken a good support around the 1900 levels which is indicated

by its two bar reversal pattern on its weekly chart.

Today the share price has also closed above its short term moving averages indicating strength in the up move.

We believe the State Bank of India could head towards the level of Rs 2100 / Rs 2130 levels in the near term.

We recommend a buy at current level with a stop loss placed below the level of Rs 1983.

TRADING RECOMMENDATIONS Lanco Infratech Ltd.

Lanco Infratech Ltd. CMP—Rs 17.65

Technical Outlook & Trading Strategy:-

The most important observation to be made on the charts of Lanco Infratech is the positive divergence displayed by indicators. They signal that the declining movement of the price could have lost force and in all likelihood give some kind of a bounce back. In the short term we expect the share price to head towards the target of Rs 19 -Rs 20 levels.

We recommend buy at current levels and again on pullbacks to level of Rs.17.30 -Rs 17 with a stoploss placed below Rs 16.40.

TRADING RECOMMENDATIONS for 7th Sept

VIP Industries Ltd. CMP—Rs 923.45

Technical Outlook & Trading Strategy:-

The share price of VIP Industries has registered a break-out above its key resistance level of ` 911 and has closed at an all time high levels. The momentum indicators remain in the rising trajectory and indicate strength in the current up-move. We expect the stock price to test levels of Rs 950/ Rs 975 shortly.

We recommend a buy with a stop loss placed below the level of Rs 896.80

Lupin Ltd. CMP—Rs 471.95

Technical Outlook & Trading Strategy:-

The share price of Lupin has registered a break-out above its key resistance level of Rs 465--Rs 466. The momentum indicators remain in the rising trajectory and indicate strength in the current up-move.

We expect the stock price to test levels of Rs 488 / Rs 496 shortly. We recommend a buy with a stop loss placed below the level of Rs 460.40

Oil & Natural Gas Corporation Ltd. CMP—Rs 256.95

Technical Outlook & Trading Strategy:-

The share price of ONGC has registered a breakdown form a descending triangle formation on its weekly chart.

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

We believe that the stock price could decline towards the levels of Rs 249 /Rs 245 in the near term.

We recommend Sell at current levels and again on pullbacks to the level of Rs 259 - Rs 261 with a stop loss placed above Rs 265.60.

Mahindra & Mahindra Ltd. CMP—Rs 765.10

Technical Outlook & Trading Strategy:-

The share price of Mahindra & Mahindra has registered a breakout from a Symmetrical Triangle pattern.

We believe that this breakout suggest strength and indicate a possible up move to the levels of Rs 790-Rs 800 /Rs 814in the near future.

On the oscillator front the ADX has already given a buy signal with a bullish crossover suggesting build up on the upside.

We recommend buy at current levels and again on pullbacks to the level of Rs 753 - Rs 747 with a stop loss placed below Rs 732.70.

NTPC Ltd. CMP—Rs 166.40

Technical Outlook & Trading Strategy:-

The share price of NTPC Ltd. has been trading in a well defined declining channel on its weekly charts.

As shown in the chart above the price has been taking support at its declining trendline. But a sustained break below the 164.50 levels will lead to a breakdown on the chart.

This event would then bring in fresh supply into the stock which could then drag the price to levels of 151 over the medium term.

For the upcoming week traders take short positions in the stock on a sustained break below 164.50 levels with a stoploss placed above 168.85 levels for downside targets of 159.50 / 157 levels.

Technical Outlook & Trading Strategy:-

The Share price of Idea Cellular ahs registered a breakout from its resistance level of Rs 98.50- Rs 99 levels.

The momentum indicators remain in the rising trajectory and indicate strength in the current up-move.

We believe that the share price could enjoy good upside momentum in the short term and test levels of Rs 108- Rs 110 in short term.

We recommend Buying 1 lot 100 call cmp—4.80 and selling 2 lot 110 calls cmp--1.55 , Max Loss Rs 1.7 and Max Profit Rs .8.3 at 110 and Upside Breakeven at Rs.118

Tata Motors Ltd. CMP—Rs 742.30

Technical Outlook & Trading Strategy:-

The Share price of Tata Motors has been consolidating in a narrow range of Rs 695--Rs 740 for the last few session.

With today’s movement the share has closed above this consolidation range. It has also has closed above its short term moving average.

We believe the share price could head towards the level of Rs 765 /Rs 780 in the near term.
We recommend traders to buy at current levels with a stop loss placed below ` 721 levels.
Idea Cellular Ltd. CMP—Rs 99.95