Exide Industries

Exide Industries :-

3rd Dec 2014.

The stock is facing the resistance cloud at 118 - 125 band. Hence, no long positions should be taken in this stock. Also do note that the nearest support zone is at 113. Hence i shall recommend no positions till the zone is clear. if Less than 113, then SELL for bigger downside If Greater than 120, then Watch the stock to take long positions at 124.

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Persistent Systems

Persistent Systems :- The stock has been making upmoves with consolidation at each stage. This indicates the strength of the stock. The stock should be accumulated at these levels for higher targets in coming months. This is long term stock and with strong fundamentals. It has good %age holding across foreign and inhouse funds. SL - 900 , TP - 1200, CMP - 973 (2 Months)

Opto Circuits

The correction should be complete, before purchase can be done. Trigger price - 26

Lanco Infratech

Lanco Infratech This stock would possibly give the best of returns. Reasons:- 1) Momentum solid towards upmove. 2) despite sharp sell off, it didnt break the support zone that it had been forming over 6 trading sessions. 3) it has moved over the resistance zone of 7 and trading above it at 8. This is significant as this is considered a strong support zone wherein it had been trading in this range for 2 months. so break above this along with above avg volumes is a good sign CMP - 7.95, SL - 7.5, TP - 10.

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