March 16, 2017
SRF (NSE Cash)
BUY
` 1550
` 1605 - 1615
` 1725
14 - 21 sessions
Daily Chart
Source: Falcon (Time: 14:45 IST)
Justification:
After a corrective move, this stock has been consolidating in a narrow range since last few trading session. The prices
have consolidated just above the long term support of ‘200 SMA’ which coincides with the lower end of the ‘Triangle’
which can be seen in the above exhibit. In today’s trading session, the prices have moved higher with good volumes.
Considering above technical evidences, we are expecting good up move in the counter. Hence, we advise traders to
buy this stock at current levels to a decline up to `1610 for a target of `1735 over the next 14 to 21 sessions. The
stop loss should be fixed at `1550.
Ruchit Jain
022-3935 7600 Extn: 6554
1
March 16, 2017
Last 14 recommendations
Buying/Selling
Date
Stocks
Recom.
CMP Target 1 Target 2 Stop-loss
Status
Range
16-03-17
Tata Global
BUY
144-145
145
158
-
138
Active
15-03-17
Union Bank
BUY
150 - 151
155
163
-
143.50
Active
14-03-17
CEAT
BUY
1180 - 1188
-
1280
-
1135
Booked Profit at 1262
14-03-17
BHEL
BUY
160 - 161.50
168
174
-
154
Active
10-03-17
ICICI Bank
BUY
269-271
284
298
-
254.50
Active
07-03-17
UPL
BUY
690 - 694
710
740
-
688
Active
06-03-17
Bajaj Auto
BUY
2840 - 2855
2915
3030
-
2748
Active
02-03-17
Arvind
BUY
390-387
408
417
-
374
SL revised to 393
01-03-17
Sintex
BUY
98-99
99
109
-
91
Active
28-02-17
OBC
BUY
125-126.50
129
137
-
120
Active
27-02-17
Wockhardt
BUY
725 - 732
747
808
-
688
Active
20-02-17
PNB
BUY
140 - 141
148
155
-
132.75
Active
13-02-17
Siemens
BUY
1190 - 1200
1258
1290
-
1148
Active
09-02-17
PTC Ind
BUY
88 - 89
87.50
106
-
80
Active
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552)
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