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Intraday Tips For Monday
Buy ICICI Bank above 687, Target: 693-700, Stoploss: 677.
Buy Tata Motors above 179, Target: 180.60-182.20, Stoploss: 177.
Buy State Bank of India above 1623, Target: 1637-1650, Stoploss: 1602.
Short Term Pics-
Oil India:
The stock closed at Rs 1,172.45 on Dec. 29, 2011. It made a 52-week low at Rs 1,050 on Jan. 24, 2011 and 52-week high of Rs 1,519.95 on Jan. 25, 2011. The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at Rs 1,254.78.
Buying range Looking on 1,175-1,180 levels with closing below stop loss of 1150 levels for the target of 1,230-1,240 levels.
Rashtriya Chemicals And Fertilizers (RCFL):
The stock closed at Rs 45.20 on Dec. 29, 2011. It made a 52-week low at Rs 42.05 on Dec. 20, 2011 and 52-week high of 106.60 on Jan. 4, 2011. The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at Rs 70.83.
We Suggest to buy in the range of 42-43 levels with closing below stop loss of 39.50 levels for the target of 50-52 levels.
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