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Sunday, 8 September 2013

Weekly Picks for week starting Sep 10

Readers may look at the following stocks for long positions in the next week.

1. State Bank of India - Buy above 1640 levels. RSI, Stochastics and MACD are giving positive signals. Please refer the chart for more details. Target 1670-90-1720. SL at 1590.


2. Bharti Airtel - Moved up above the 21 day moving average with volumes. RSI and Stochastics have given positive signals. One more positive trading session will see MACD positive crossover. Bharti can give good returns in short term. Target 318-324 an 334 in 3-4 weeks. SL at 294.



3. Cipla - Crossed 52 week high and previous resistances. MACD and Stochastics giving positive signals.  Target 445-455 in next few weeks. Keep SL at 415.

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