Buy CMP: 77.05
Tgt: 81-82
The daily candlestick chart of Indian Hotel shows a vertical decline from Rs.90 to
Rs.74.50. It is consolidating around Rs.76 for the past couple of sessions. Volumes
are slowly picking up. One can buy in declines around Rs.75-76 with a strict stop loss
below Rs.73.60 in close for a pullback to Rs.81-82 in the coming 7-8 days. A breach of
Rs.73.50 would continue its downtrend.
* Trade in cash and in small quantities.
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Hero Honda Risky
Buy CMP: 808.85
Tgt: 822-828
The daily candlestick chart of Hero Honda shows a bullish candle on high volumes. A
sustained upmove above Rs.811 can test Rs.819-822-828 in the coming 2-3 days.
High risk traders can buy in declines with a strict stop loss above Rs.795 in
close.
* Trade in cash and in small quantities.
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