EQUITY PICK OF THE WEEK : 17/10/2011

ORCHID CHEMICALS

BEST BUY 160 ACTUAL RESIS & BEST SHORT LEVEL 165.60 (CURRENT SUPP) A BREAK ABOVE 168.50 UPSIDE TGT 182.20/187.40 ; A CRACK BELOW 154.20 DOWNSIDE TGT 143.80/138.70
CMP - 172.10

TREND : BULLISH

RCOM

BEST BUY & SUPP @ 74 ACTUAL RESIS & BEST SHORT 76 (CURRENT SUPP) A BREAK ABOVE 77.60 UPSIDE TGT 81.50/83.20 ; A CRACK BELOW 72.20 DOWNSIDE TGT 68.80/67

CMP – 78.05

TREND : BULLISH

TCS

BEST BUY & SUPP 1075 ACTUAL RESIS & BEST SHORT 1100.20 (CURRENT SUPP) A BREAK ABOVE 1120 UPSIDE TGT 1182/1206 ; A CRACK BELOW 1050 DOWNSIDE TGT 993.90/968.80

CMP – 1134.25

TREND : BULLISH

**ALL THE ABOVE GIVEN SCRIPS ARE BUY ON DIPS..TRADER’S WITH RISK APPETITE CAN  TAKE POSITIONS NEAR CURRENT SUPP & AVERAGE IF DIPS ..OTHER TRADERS CAN TAKE POSITIONS NEAR BEST BUY LEVEL**

TIME FRAME : WITHIN 4 – 9 SESSIONS