Gap Down opening seen today on weak global cues after Brent crude hit fresh 12 years low, but Infosys rally and short covering in late morning helped it sharply recover from day’s losses buy finally settled in red territory amid a volatile trading session.

Headlines of the day::

  • Infosys beats estimate Q3 net profit up 6.6 percent.
  • December WPI remains negative at 0.73 percent.
  • Power Grid gains after board gives nod for 7 investment proposals worth Rs 25.10 billion.
  • Mastek tanks after net profit plunges 90.9 percent.
  • One of Titagarh’s subsidiaries in Italy wins order worth Euro 65 million.
  • Mindtree gains as likely to issue bonus shares.

Stocks to watch (15-01/16)

COMPANY

PRICE

BUY/SELL

TARGETS

SL

8KMILES

2550

BUY

2575.50/2601.20/2627.30

2524.50

CAMLINFINE

94

SELL

93/92/91

95.10

KSCL

338.40

SELL

335/331.60/328.30

341.80

DAILY ANALYSIS OF EQ::

1). 8KMILES.

 

Technical Overview: 8kmiles is heading towards its fresh high as heavy volumes seen in stock from the last two days, so Long run may see if able to give breakouts and sustain above the level.

2). CAMLINFINE EQ

Trend: Sideways
Resistance: 105 :

Technical Overview: Camlinfine is heading towards its next immediate support, trend line breakouts seen today and closed below it bears could be seen in stock for next trading session if able to sustain below 94.

3). KSCL EQ

Trend: Bearish
Resistance: 369 : Support: 338.40


Technical Overview: Trend of KSCL makes bearish its closed near around its support on daily charts, stock doji candlestick pattern, more selling pressure could bear if given breakouts of its support.

STOCKS WHICH HITS FRESH HIGH

STOCK

CURRENT

OPEN

HIGH

LOW

P.CLOSE

%CHANGE

8KMILES

2477

2430

2550

2301

248.70

-0.27%

BALRAMCHIN

87.10

85.25

90.90

83.30

87.80

-0.80%

ARROWTEX

54.70

55.80

59.50

52.35

55.80

-1.90%

BEARDSELL

124.95

114

124.95

114

120

4.13%

DWARKESH

109.90

119.55

119.55

109

113.90

-3.51%


Q3 Numbers tomorrow::

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