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