TREND TRADER'S PICK OF THE WEEK : 17 SEP 2012 - BAJAJ AUTO / BOI / ICSA / IDEA / MC DOWELL / AUROPHARMA

BAJAJ AUTO

TREND : FIRM BULLISH

BEST BUY & SUPP @ 1708 ACTUAL RESISTANCE & BEST SHORT LEVEL @ 1728 (CURRENT SUPP) A BREAK ABOVE 1748 UPSIDE TGT IS @ 1792/1812

LTP - 1744.50

 A CRACK BELOW 1666 REVERSE YOUR TRADE FOR TGT 1644/1624

BANK OF INDIA

TREND : FIRM BULLISH

BUY @ 262 FOR TGT 266/280/283.45

LTP - 270.10

A CRACK BELOW 256 REVERSAL TGT IS @ 250/245

ICSA

TREND : FIRM BULLISH

BUY @ 14 ACTUAL RESIS & BEST SHORT IS @ 15.10 (CURRENT SUPP) A BREAK ABOVE 16.10 UPSIDE TGT INTACT @ 17.90/18.80

LTP - 15.60

A CRACK BELOW 12.85 DOWNSIDE TGT IS @ 11.40/10.50

IDEA

TREND : FIRM BULLISH

BUY @ 81 - 82.70 FOR TGT 87.70/89.20

LTP - 84

A CRACK BELOW 79.20 DOWNSIDE TGT IS @ 76.20/74.70

MC DOWELL

TREND : FIRM BEARISH

SELL ABOVE 925 & AVERAGE @ 942 FOR TGT 870/852.70

LTP - 927.65

A BREAK ABOVE 972 UPSIDE TGT IS @ 997.60/1014.80

AUROPHARMA

TREND : FIRM BEARISH

SELL @ 128 - 130 FOR INTRADAY/POSITIONAL TGT 120.45/118.20

LTP - 125.80

REVERSAL : HOWEVER A BREAK ABOVE  132.80 REVERSE YOUR TRADE FOR UPSIDE TGT 137.45/139.80