TRADING RECOMMENDATIONS 17th June

Grasim Ind. Ltd: (CMP Rs 2610.20)
We recommend going short in this counter.

Technical Outlook:-
The share price movement of Grasim has registered a break down from its Head & shoulder formation. This is a bearish formation
and measuring implications suggest that the stock price could decline to the levels of Rs 2100 / Rs 2050 / Rs 2000 in the near future.
The momentum indicators are placed firmly below their respective trigger lines and are in bearish mode.

Suggested Trading Strategy:-
Traders can look to sell at current levels with a stop placed above Rs 2216.60 for the above mentioned targets.

TRADING RECOMMENDATIONS 15th June

Reliance Infrastructure Ltd: (CMP Rs 563.90) We recommend going long in this counter.

Technical Outlook:-
The most important observation to be made on the charts of Reliance Infrastructure is the positive divergence displayed by indicators.

signal that the downward movement of the price could have lost force and in all likelihood give some kind of an advance.

In the short term we expect the share price to advance towards the target of Rs 585 / Rs 595 levels.

Suggested Trading Strategy:-
We recommend buying the stock above Rs 567 levels with a stoploss placed below Rs 549 levels, for the above mentioned targets.

TRADING RECOMMENDATIONS 14th June

India Info line Ltd (CMP Rs 84.95):
We recommend going long in this counter at current levels.

Technical Outlook:-
The share price of India Info line appears to have broken above its rising trend line.

We believe that this breakout suggest strength and indicate possible price advance to levels of Rs 89 /Rs 92 in the near future.

The stock is also trading above all of its key moving averages which are also a sign of strength in the counter.

The MACD indicator is also in rising mode.

Suggested Trading Strategy:-
We recommend buying the stock at current with stop loss placed below Rs 82.50 levels for the above mentioned targets.