News Delhi Television Ltd

Technical Desk Call - 18June2013

Strong Buy NDTV above 91 Stoploss 84 Target 97 - 99

Remarks : The counter has given good decisive breakout on daily chart with huge volume which is almost four times of its last 10D average volume on daily chart so based on Volume indicator we are of the view that stock should easily move above 91 level with target price in range of 97 to 99 where it may find some resistance level to give sustain movement for higher upside in longer time period. 

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SKS Microfinance Ltd

Technical Desk Call - 03 June 2013

Strong Buy SKSMicro above 112.40 Stoploss 102 Target 124 + 129 + 134

Remarks :  The stock has given good healthier correction on recent past from 170 to 95 within period of three month so based on Fibonacci Retracement analysis we are of the view that now for time period stock has formed near term bottom around 95 level and the counter is ready for sharp pullback till 38 % retracement level which come around 125. Please read our disclaimer.