EQUITY PICK OF THE WEEK : 12 MARCH 2012

IND HOTEL

BEST BUY & SUPP @ 66 ACTUAL RESISTANCE & BEST SHORT LEVEL @ 67.35 A BREAK ABOVE 68.80 UPSIDE TGT 72.60/74.25 ; HOWEVER A CRACK BELOW 64.65 DOWNSIDE TARGET IS 60.45/58.85

LTP – 66.75

TREND : BEARISH ; SELL ON ALL RISES

HDFC BANK

BEST BUY & SUPP @ 509 ACTUAL RESISTANCE & BEST SHORT LEVEL @ 515.75 A BREAK ABOVE 522.50 UPSIDE TGT 538.25/545.20 ; HOWEVER A CRACK BELOW 505.25 DOWNSIDE TARGET IS 486.30/480

LTP – 523.20

TREND : FIRM BEARISH ; SELL ON ALL RISES

HINDALCO

BEST BUY & SUPP @ 135 ACTUAL RESISTANCE & BEST SHORT LEVEL @ 139.65 A BREAK ABOVE 144.30 UPSIDE TGT 154/158.40 ; HOWEVER A CRACK BELOW 130.35 DOWNSIDE TARGET IS 121/116.50

LTP – 134.60

TREND : LOOKS FIRM BEARISH ; BUT TRADERS NEED TO BE PREPARED IN ADVANCE TO APPLY REVERSAL STRATEGY IF TREND REVERSES AS THE STOCK HAS ALREADY UNDER SELLING PRESSURE FROM A LONG TIME

JINDAL SAW

BEST BUY & SUPP @ 158 ACTUAL RESISTANCE & BEST SHORT LEVEL @ 161.45 A BREAK ABOVE 164.85 UPSIDE TGT 172.40/175.75 ; HOWEVER A CRACK BELOW 154.60 DOWNSIDE TARGET IS 147.05/143.70

LTP – 165.25

TREND : FIRM BULLISH , BUY ON DIPS

TITAN

BEST BUY & SUPP @ 228 ACTUAL RESISTANCE & BEST SHORT LEVEL @ 233.40  A BREAK ABOVE 239.05 UPSIDE TGT 249.45/254.40 ; HOWEVER A CRACK BELOW 222.30 DOWNSIDE TARGET IS 212.40/207.45

LTP – 239.95

TREND : FIRM BULLISH ; BUY ON DIPS