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.