Technical Outlook & Trading Strategy:-

The Share price of Idea Cellular ahs registered a breakout from its resistance level of Rs 98.50- Rs 99 levels.

The momentum indicators remain in the rising trajectory and indicate strength in the current up-move.

We believe that the share price could enjoy good upside momentum in the short term and test levels of Rs 108- Rs 110 in short term.

We recommend Buying 1 lot 100 call cmp—4.80 and selling 2 lot 110 calls cmp--1.55 , Max Loss Rs 1.7 and Max Profit Rs .8.3 at 110 and Upside Breakeven at Rs.118

Tata Motors Ltd. CMP—Rs 742.30

Technical Outlook & Trading Strategy:-

The Share price of Tata Motors has been consolidating in a narrow range of Rs 695--Rs 740 for the last few session.

With today’s movement the share has closed above this consolidation range. It has also has closed above its short term moving average.

We believe the share price could head towards the level of Rs 765 /Rs 780 in the near term.
We recommend traders to buy at current levels with a stop loss placed below ` 721 levels.
Idea Cellular Ltd. CMP—Rs 99.95

Exide Industries Ltd. CMP—Rs 143.60

Technical Outlook & Trading Strategy:-

The price of Exide Industries faced heavy selling pressure during the previous session. But the key observation to be made is that the price of Exide has registered a head and shoulders breakdown during the previous session.

This is a bearish formation and the measuring implication of the pattern suggests that the price can decline to levels of Rs 130 and/or Rs 100 levels.

The RSI indicators have also turned into sell mode which displays weakness in the counter.

We recommend traders to sell 50% now and again in the range of Rs 145 – Rs 146 levels with a stop loss placed above Rs 150.2 levels for targets of Rs 136 – Rs 130 levels.