NILKAMAL

Technical Desk Call-18Oct2012

Strong Buy NILKAMAL above  251 StopLoss 238 Target 275

Remarks: Based on Price -Volume Pattern  on daily chart it is visible that NILKAMAL stock is on verge to breakout above its multi-month resistance of 250 with the support of spike in volume also so we advise Investors/Traders to follow above level with due diligence.

CMAHENDRA

Technical Desk Call-18Oct2012

Strong Buy CMAHENDRA above 101 StopLoss 99 Target 115-120

Remark: Based on Price-Volume Pattern analysis we are of the view that CMAHENDRA can easily sustain this rally up to a price of 120 before it pause its momentum for much deeper consolidation in long run. Also other supportive indicators like RSI and MACD is also improving which indicate much upside is still left in this counter, so we advise Investors/Traders to trade this counter with due diligence.