Stocks on Danik Jagran for Today 1.Punjab & Sind Bank Recommendation-Buy Price-Above 63.80 TARGET- 66 & 68 , SL-61.90 The primary trend of the stock in sideways. Stock has shown mild correction in its previous session and now it is sustaining below the resistance mark of 63.80 on the short term charts. It is trading above 50 and 200 DMA with the RSI of 51.47. Stock may show upside rally in near term if crosses it resistance level where traders can expect targets of 66 and 68. Immediate support of 61.90 can be placed as technical stop loss for the stock. 2.Maruti Recommendation-Buy Price-Above 3420 TARGET- 3456 & 3484 , SL-3384 Recently stock has registered its all time high of 3432 and now it is sustaining below the same. Stock is trading below the resistance mark of 3420 and sustaining above 50 DMA. Breakout of its resistance mark may result trend continuation in the stock where traders can get targets of 3456 and 3486 in near term. Immediate support of 3384 can be kept as technical stop loss for the stock. 3. L&T Recommendation-Buy Price-Above 1657 TARGET- 1710 & 1730 , SL-1600 The stock is trading sideways on the daily charts while on the short term charts it is in accumulation phase and sustaining below the resistance mark of 1657. It is trading above 50 and 200 DMA with the RSI of 60. It is likely to show upside rally if manages to cross its resistance level in upcoming session. Traders can expect targets of 1710 and 1730 while stop loss level can be at 1600.
Posted on: Fri, 05 Dec 2014 07:32:41 +0000
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