These are some of the interesting setups am looking at. Do not take it as a recommendation. Please do your own research and risk management.
Colgate
- Triangle breakout but no major uptick in volumes.
- 960 a support.
- Recent highs at 1100.
Hero Motocorp
- In a range for last 6-10 months.
- 2730-2750 a resistance and upper band of the range.
- No major resistance post 2750 except highs of 3200.
KPR MILLS - Its been our top textile pick since 280 levels and recommended on the blog as well as in Analyse India Big Value and other products of Analyse India. So am pretty biased as one of my favorite picks.
- Last two bottoms at 750.
- Good consolidation for last 6-8 months.
- Resistance at 850. Fingers crossed for a breakout.
Maruti
- One of the strongest trending stocks in Nifty.
- Last 3-4 tops at 4750-4800.
- Can make an attempt to break it.
Welspun India - Another favorite in the textile space recommended from 360-400 levels on the blog as well as in advisory products.
- Good base made at 700 with last two bottoms.
- 880-900 a resistance if taken out can be interesting.
Disclosure
No personal holdings in Colgate , Maruti and Hero Motocorp but me/family hold shares in Welspun India and KPR Mills also stock has been recommended to clients.
Nooresh Merani
Securities covered above:: KPR Mills and Welspun India.
SEBI Registration disclosure – Investment Adviser INA00002991
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