PICK OF THE WEEK : #Aban Offshore #Ashok Leyland #Bharti Airtel #Cipla #Educomp Solutions #Hindalco #Rcom - Trend - Levels & Trading Strategy for the Week : 11 MAR 2013

#ABAN OFFSHORE 

BEST BUY & SUPP @ 271 - ACTUAL RESIS & BEST SHORT LEVEL @ 277.45 (CURRENT SUPP) A BREAK ABOVE 283.90 UPSIDE TGT CAPPED @ 297.60/303.90 A CRACK BELOW 264.50 DOWNSIDE TGT IS @ 251/244.80

TREND : STRONG BULLISH

LTP - 285

STRATEGY : BUY PARTIAL @ 280 ADD MORE @ 277.50 - IF GET 271 ITS A MULTI BAGGER BUY FOR TGT 297 - 304 INTACT , STOPS BELOW - 264.5

#ASHOK LEYLAND

 BEST BUY & SUPP @ 23 - ACTUAL RESIS & BEST SHORT LEVEL @ 23.45 (CURRENT SUPP) A BREAK ABOVE 23.90 UPSIDE TGT  @ 24.75 - 25.15 A CRACK BELOW 22.55 DOWNSIDE TGT INTACT  @ 21.75 - 21.35 

TREND : FIRM BULLISH

LTP - 24.05

STRATEGY - WAIT FOR 23.45 TO ADD LONG POSITIONS & ADD MORE IF GET 23 FOR POSITIONAL TGT 24.75/25.15 , STOPS BELOW -22.50

#BHARTI AIRTEL

BEST BUY & SUPP @ 315 ACTUAL RESIS & BEST SHORT LEVEL @ 319.4  (CURRENT SUPP) A BREAK ABOVE 323.80  UPSIDE TGT IS @ 334.5/339.15 ,  A CRACK BELOW 310.6 DOWNSIDE TGT IS @ 299.65/ 295 

TREND : FIRM BULLISH

LTP - 322.90

STRATEGY : BUY @ 319.50 - ADD MORE IF GET 315 TGT 334.5/339.15 , STOPS BELOW - 310

#CIPLA

BEST BUY & SUPP @ 375 ACTUAL RESIS & BEST SHORT LEVEL @ 381.7 (CURRENT SUPP) A BREAK ABOVE 388.4 UPSIDE TGT CAPPED @ 404.30/411.30, A CRACK BELOW 368.30 DOWNSIDE TGT IS @ 352.10 - 345.1

TREND : FIRM BULLISH

LTP - 391.80

STRATEGY : WAIT FOR THE LEVELS 381.70 TO ADD LONG POSITIONS & AVERAGE IF GET 375 FOR TGT 404 - 411 , STOPS BELOW - 368.30

AS CIPLA IS @ A WIDE PREMIUM COMPARED TO BEST BUY LEVEL - RISK APPETITE TRADERS CAN SELL @ 391 FOR TGT 383 & LATER ADD LONG POSITIONS.

#EDUCOMP

BEST BUY & SUPP @ 77 ACTUAL RESIS & BEST SHORT LEVEL @ 80.50 (CURRENT SUPP) A BREAK ABOVE 84 UPSIDE TGT CAPPED @ 90.70 - 93.90  A CRACK BELOW 73.5  DOWNSIDE TGT IS @ 67.10 - 63.90

TREND : FIRM BULLISH

LTP - 82.50

STRATEGY : BUY @ 80.50 - 77 IF GET FOR TGT 90.70 - 94 , STOPS BELOW - 73

#HINDALCO 

BEST BUY & SUPP @  97 - ACTUAL RESIS & BEST SHORT LEVEL @ 99.25 (CURRENT SUPP) A BREAK ABOVE 101.5 UPSIDE TGT IS @ 105.95-108.05 , A CRACK BELOW 94.75 DOWNSIDE TGT IS @ 90.45 - 88.35

TREND : FIRM BULLISH

LTP -  101.3

STRATEGY : BUY ON DIPS @ 97 - 99.25 TGT 105 - 108 , STOPS BELOW - 94.50

#RCOM

  

BEST BUY & SUPP @ 62 ACTUAL RESIS & BEST SHORT LEVEL @ 63.65  (CURRENT SUPP) A BREAK ABOVE 65.3 UPSIDE TGT IS @ 67.75 -69.05 HOWEVER A CRACK BELOW 60.35 DOWNSIDE TGT IS @ 58.25-56.95

TREND : FIRM BULLISH

LTP - 65.05

STRATEGY - BUY ON DIPS 

***NOTE - RISK APPETITE TRADER'S & EXPERIENCED TRADER'S CAN TAKE SELL POSITIONS @ CURRENT LEVELS & NEARING "CURRENT SUPPORT PRICES" , TRADER'S WITH NO RISK APPETITE - ARE ADVISED TO WAIT & WATCH TILL PRICES TESTS THE GIVEN WEEKLY BEST BUY LEVELS & LATER TAKE POSITIONS - HOWEVER IF PRICES BOUNCE BACK AFTER TESTING "CURRENT SUPP" THAN TESTING ACTUAL BUY LEVELS THEN ITS JUST A MISSED OPPORTUNITY***