TRADING RECOMMENDATIONS HDIL Ltd.

HDIL Ltd. CMP - Rs 156.75
Technical Outlook & Trading Strategy:-

The share price of HDIL has registered a breakdown from its rising trendline support and in the process has closed below its cluster of moving averages. We expect the stock price to decline towards the level of Rs 150.50 / Rs 148 in the
near future.

We recommend a sell at current price and again on pullback to the levels of Rs 158- Rs 159 with stop loss placed above Rs 162.80 for the aforementioned targets.

TRADING RECOMMENDATIONS Syndicate Bank Ltd.

Syndicate Bank Ltd. CMP— RS 122.50
Technical Outlook & Trading Strategy:-

The share price of Syndicate Bank has registered a break-out from its Inverted Head & Shoulders pattern.This is a bullish formation and the measuring implication suggests towards a strong possibility of the share price heading to the targets of RS 127/ RS 129 in the near future.

We recommend a buy at current price with stop loss placed below RS 118.30 for the aforementioned targets.

TRADING RECOMMENDATIONS Aurobindo Pharma Ltd.

Aurobindo Pharma Ltd. CMP - Rs 176.60
Technical Outlook & Trading Strategy:-

The share price of Aurobindo Pharma has registered a breakout from 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 decline towards the level of Rs 183 / Rs 186 in the upcoming session.

We recommend a buy at current price with stop loss placed below Rs 171.20 for the aforementioned targets.