Stock Idea: 3i Infotech

Business Profile
3i Infotech is a global IT company which offers a comprehensive range of software and IT solutions, including packaged applications, for the banking, financial services & insurance (BFSI), manufacturing, contracting, and retail & distribution industries. In addition, it offers a broad range of software services such as custom software development, IT consulting, IS and IT security consulting, enterprise application integration (EAI), and specialized services such as product reengineering, compliance consultancy, application rehabilitation and egovernance, among others.
Technical Analysis
The Stock has been trading in a consolidation phase for the past few sessions. In the last 3 sessions the stock has perform showing decent gains. A clear breakout above the level of 90 has occurred and it is expected to trade in the uptrend for the coming sessions.
Technical History After bottoming out at 26 in march09 the stock has made a high of 105. All the trends are giving bullish indication (Long term, Short term, Immediate term).The volumes are important aspect. Increasing volumes are confirming the uptrend. The Ascending triangle formation on the daily chart with rising trend line gives the immediate target of 117..The RSI on the weekly chart trading at 64 .The stock is trading above its 200EMA. The resistance is seen at 118-120.At these levels some correction is expected .Strategy for short term traders would be to book profit at these levels while long term investors can stay invested for the next target of 136.

Source: Internet (Valuenotes)

Bulls Eye

For coming week again expected some positive trend in market for coming week market is high volatile we expected some volatile coming in next week For coming week sensex important Support is at 10050 weekly basis sensex resistance is at 10800—10950—11220 above this next important resistance is at 11450 if sensex closes above this level then next target for sensex is at 11600 on weekly basis sensex support is at 10400—10320—10150 below this level next support is at 10050 for weekly basis nifty resistance is 3350—3480—3610 above this level next resistance is at 3750 on weekly basis nifty support is at 3205— 3140—3060 below this level next support is at 3005.for next week strategy in f&o once an Buy nifty future with a weekly target of 3420 in down side strong support is at 3205 keep a stoploss of 3220 expected positive trend see in market in this week.
Stock for this week
Ranbaxy lab : -Buy at current levels with a upper target of 310 it has important support is at 275 below this level next support is at 262 if it break the level of 262 then we see some fall in Ranbaxy lab take stoploss of 275 .

Shakti pump : looking explosive on chart buy at current levels at 91 it has strong support is at 87 keeping a stoploss of 87 on weekly basis take a target of 96.
Esse dee alumin: This stock are looking good for coming week there is upside potentional till around at 248 and down side strong support 212 keep a tight stoploss of 215 on weekly basis take a target of 245.
Ranbaxy lab fut : - Buy at 292 with a target of 310 with a tight stoploss 272 BELOW 272 expected some bearish trend in Ranbaxy.

Ksk energy fut : - Buy at 187 with a stoploss of 176 with a target of 199 above this next target is 205 in coming days.
Aban off fut : - Buy at current levels considering 1111 with a upper target of 1150 with a stoploss of 1080.

Source: SmartInvestment (Bullseyes)

Technicals: DCHL, NTPC, KSK, HUL

DCHL CMP: 81.50 DCHL had been knocked down ruthlessly on the back of closure of positions. However, it recently stabilized close to its two-year lows of about 80 levels. The decline in the penultimate week had been on the back of significant volumes, suggesting weakening trend in the stock. The company had recently announced that it has increased its advertisement prices by 50% across segments. The stock is currently trading in the oversold territory of both 14-day RSI and Money Flow Index. This scenario suggests a technical bounce for the stock in the near term. DCHL is currently trading below all its moving averages, which could act as a stiff resistance on its way up. Immediate support is placed around 72 levels, which, if sustained amidst market volatility, could see the stock staging a sharp bounce-back. Investors are advised to assume long positions in the stock between 78 and 82 levels for a short-term target of 100 and 120 levels. All long positions in the stock should be protected with a stop loss placed below 70 levels on a closing basis.

NTPC CMP: 171.85 The stock had been consolidating in the recent past after it held to its Longterm support zone of 150 levels. The confusion over the nuclear deal kept the stock within a broad range in the recent past. However, the nuclear deal crossing the final lap is expected to induce some long-term buying into the stock. The NTPC stock is trading close to its moving averages, which are hovering between 175 and 185 levels, serving as a stiff zone to breach. The 14-day RSI, a leading indicator, is hovering around the oversold territory and could stage a sharp upmove. The stock may not surpass the 185 and 205 levels in a hurry as there is high probability that it may face some amount of pro. t-booking at those levels. Investors may buy the stock around the current levels and partial booking is advised around the 185 levels, above which it could test the 205 levels in the medium term. All long positions in the stock should be protected with a stop loss placed below 155 levels on a closing basis.

KSK CMP: 219.35 KSK had witnessed sharp declines since its debut, but it held and stabilized around the 150 levels and staged a sharp rally. The surges had been on the back of signi. cant volumes, suggesting huge momentum in the stock. The stock has formed higher top, higher bottom formations on the daily chart. The declines in the stock lack volumes, suggesting lower participation on the downsides. The 14-day RSI is already hovering around 60 levels and is due for some declines from current levels due to pro. t-taking. The downsides in the stock are limited to 190 and 200 levels where the stock has its 50-day and 200-day EMA. Investors are advised to accumulate the stock at 210-220 levels for an upside target of 265 and 280 levels in the short term. All long positions should be protected with a stop loss placed below 190 levels on a closing basis.

HUL CMP: 256.70 HUL outperformed the broader market as the stock rallied amidst market declines. The stock made a low of 190 levels in July and surged endlessly. In the most recent sessions, the stock faced stiff resistance near 250 levels, but it crossed and sustained the levels last week which is a strong sign. The rally has guided the stock to trade above all the moving averages which is also a positive sign. The volumes during the declines remained low while the recent bounces from its lows are coupled with increasing volumes, suggesting fresh buying interest and momentum returning into the stock. Immediate support is placed around 235 and 220 levels, which, if sustained amidst market volatility, would make the stock an excellent buy. Investors are advised to assume long positions in the stock above 255 levels for a short-term target of 280 and 295 levels. All long positions in the stock should be protected with a stop loss placed below 235 levels on a closing basis.

Source: Karvy Bazaar Buzz