L&T: Sell Call for the Target of Rs 1200-1180 Keep Stop Loss of Rs 1235.
After making a strong rally to the upside the stock of L&T is trying to consolidate in between Rs 1,180-1,260. If we look and analyse the daily chart it is pretty much clear that in the last 9 trading sessions the script has been trading range bound, which signifies that L&T may move down. If it goes below 1217 in upcoming days it may witness further fall till 1180. The traders mat take positions accordingly.
Ultra Tech: Buy for the Target of Rs 2012 to 2032 with keeping Stop Loss at Rs 1954.
The stock of Cement major has shown consistency in the upward movement in the stock. After a strong rally upwards Stock Currently is in the consolidated between Rs 2,000 to 1,902. If Script sustains above Rs 1,985 it may hit the nest target of 2012 then further up to 2032.
City Union Bank: Buy for the Target Price of Rs 52-55 with placing Stop Loss at 50.
The Stock is moving upside on consistent basis. We believe that the script may breach it's current resistance of Rs 52 and can touch the level of Rs 55. Traders may take opportunity to Buy This Stock.
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