Stocks with positive outlook for the month of March!

Buy Koltepatil CMP. 43.95, Target 50 & SL 39

Buy Crompton Greaves CMP. 147.55, Target 167 & SL 127

Buy Eveready CMP. 26.95, Target 31.85 & SL 24.7

Buy Mannapuram CMP. 44.25, Target 51 & SL 39

Buy Reliance Communication CMP. 100.1, Target 111 & SL 89

Buy GreenPower CMP. 14.25, Target 16.15 / 18 & SL 12.3

Buy PowerGrid CMP. 111.35, Target 121 / 130 & SL 106.8

Buy ApPaper between 170-180, CMP. 180, Target 209 & SL 160

Buy recommendation on Lic Housing Finance Ltd.

Lic Housing Finance Ltd

Weekly Chart

We are bullish on LIC Housing Finance Ltd and recommended buy rating on the stock with a target of Rs 300 and above.

On the weekly chart, LIC Housing Finance gave an upside breakout in Today's trading session. It suggests that the sideways range is about to end and may reverse into an uptrend. Volumes have also shown phenomenal increase in last few trading sessions. Stock is trading above its 50-WMA signifying strength in the medium term chart and is expected to remain strong in near term. Based on the technical evidences, we recommend traders to buy the stock on a daily closing above Rs 245.5 with SL of Rs 208 for target of Rs 300 & above.

POSITIONAL CALL BUY LIC HOUSING FINANCE

BUY LIC HSG ABOVE 246 FOR A TGT OF 299 RS AND ABOVE ,STOP LOSS BELOW 208 WILL BE ADVISABLE.

POSITIONAL CALL SELL HINDALCO.

SELL HINDALCO BELOW RS 129 FOR A TGT OF 122.9 RS,116.7 RS AND 111 RS STOPLOSS ABOVE 141 RS

View on Raj Television Network Limited!

Raj Television Network Limited

Raj Television has been consolidating its prices between Rs.45 and 85 levels from January 2009 as shown in the above monthly chart. On January 5^th, it gave a price breakout above its 52 week high of Rs.85.4. Thus, we recommend buying in the stock as it has gathered enough ammunition and have the potential to move up to the levels of Rs.124/ 160/ 198. Hold this stock until it closes below the 200 DMA shown in the below picture. Currently the 200 DMA is at Rs.57.

Update On Gold!

Gold Daily Chart

 

In our previous report dated November 30th 2011, we had expected gold to drift downwards from $1750 level to $1600 level. After achieving our target of $1600 on December 14th, 2011, gold continued its downward trend and it went on to break $1532 level today (low of $1532 was made in the month of September this year). Now, we expect the downtrend to continue if it closes below $1532 levels. This would open shutters for the downside level of $1363 in the short term.

We recommend selling gold if it closes below $1532 and add position as it rises. We expect this downward rally to continue up to $1452, $1397 and $1363.

We maintain our long term trend as Bearish targeting $1100 as long as area of $1805 is protected.

Currently, gold is trading below the 200 day SMA.

Update on Havells India Limited!

Havells India Limited (Daily Chart)

The stock is in a sideways movement and has just completed its sharp downward rally from 445.25 to 386.5 which is a strong support area and has its 200 DMA at 378 levels. Below the 200DMA, the bears can once again take control and are set to take the stock lower. The divergence in Directional Movement Index and Force Index are evidences that any up move in the stock for now will be to add short positions. Also, a Buddha Top formation at 450 levels confirms that the upward movement in the stock has halted for a while. Thus, we suggest initiating fresh short positions in the stock below the level of 378 and add as it turns higher for a short term target of 332-295-260-215.