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

TRADING RECOMMENDATIONS Dr. Reddy's Laboratories Ltd.

Technical Outlook & Trading Strategy:-

The Stock price of DR. REDDY has seen a fall from the high of Rs 1621 on 20th July 2011 to a low of Rs 1387 on 22nd Aug 2011.

Since then the stock has pulled back & closed above Rs 1504 which is a 50% retracement level of previous fall.

On the daily chart the stock has managed to close above its cluster of moving averages. The momentum 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 1500--Rs 1510 levels with a stop loss placed below Rs 1477.8 levels for targets of Rs 1574 – Rs 1600 levels.