LIVE Market Technicals with CK NarayanThe uptrend in the stock has been supported by a trailing price indicator which is now at around Rs 880.
Approach to banking stocks may be somewhat tentative: Dr C K NarayanToo much action in public sector bank stocks is unlikely in next week.
- Sell ICICI Bank with a target of Rs 224: Dr CK Narayan
"ICICI Bank Ltd is a 'SELL' call with a target of Rs 224 and a stop loss of Rs 240."
- Buy Cairn India with a target of Rs 134: Dr CK Narayan
"Cairn India is a 'BUY' call with a target of Rs 134 and a stop loss of Rs 121."
- Sell Tata Motors with a target of Rs 318: CK Narayan
"Tata Motors Ltd is a 'SELL' call with a target of Rs 318 and a stop loss of Rs 335."
- Buy Oil India with a target of Rs 440: C K Narayan
"Oil India Ltd is a 'BUY' call with a target of Rs 440 and a stop loss of Rs 390."
- Buy SRF with a target of Rs 1,310: C K Narayan
"SRF Ltd is a 'BUY' call with a target of Rs 1,310 and a stop loss of Rs 1,265."
- Buy Adani Ports with a target of Rs 269: C K Narayan
"Adani Ports Ltd is a 'BUY' call with a target of Rs 269 and a stop loss of Rs 257."
Market should head higher in the coming days: Dr C K Narayan, Founder, Chart Advise"You are seeing the market breadth widen and it does seem like we are well on course so finish on the higher end."
- Buy Tata Global with a target of Rs. 185: CK Narayan, Growth Avenues Asset Advisors
Buy Tata Global with a stop loss of Rs. 167.
- Market is headed higher, remain bullishly biased: C K Narayan
The market is headed higher until it chooses otherwise. It has not chosen to do so yet. So we should remain bullishly biased yet.
- Risk prone investors can take positions; others should wait for the dust to settle down: C K Narayan
In a market like this, what one has to do is just stick to the sidelines unless you are a real adventurous cowboy
- Long puts are more sensible rather short calls: C K Narayan
Long being long puts would be more sensible rather than going for short calls.
- Orchid Chemicals is down by 5% but it does not matter much: C K Narayan
Orchid is already down 5% but that does not matter much because this is a stock which would not move fairly large
- Look for a target of 625-630 for JSW Steel: C K Narayan
Look for a target around 625-630 across the next couple of days
- Fortis at a support zone of 130-135 would qualify for a buy: C K Narayan
If the support zone of 130-135 actually survives, it would then again qualify for a buy.
- Look to book profits at the higher end rather than chasing markets: C K Narayan
The market has actually got into a bit of volatility range and I probably expect it to persist through the week.