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.