SPECIAL REPORT: Super 5 Stocks for BTST

1. ARVIND LIMITED

Yesterday due to negative quarterly result of Arvind Ltd, its prices continue falls in last two trading session. Prices closed today negative at 397.75 in futures. Its overall trend is bullish. But due to negative result it expected to some down fall upto the level of 380 is a support level on daily chart, the immediate resistance is 420 and 430. Yesterday it gives mixed trading. Investors can take short position below the level of 395 upto the level of next support of level of 380 and maintain the risk part of 401 is the resistance. Textiles and apparel major Arvind Ltd today reported a marginal decline of 0.92 percent in consolidated net profit to Rs 96.92 crore for the fourth quarter ended March, on account of higher expenses.

 2.PUNJAB NATIONAL BANK

PNB performed well sell side in intraday trading, it makes news break 52 week high and take the resistance of 185 from which there is profit booking can be seen in intraday trading, prices were close negative at 167.10. In daily chart last candle is formation of bearish and this candle engulf previous day trading candle that indicate there is correction in sell side. And today it gives breakout of Head and shoulder pattern in intraday chart at level of 168.50. But due to its bullish trend we suggest investors can take short position of only for some days a point of profit. From the level of there is fresh buying we can see. Yesterday its prices were closed negative at 4.40 (2.57%) in futures. Investors can take short position below the level of 166.50 upto the level of next support of level of 152 and maintain the risk part of 183 is the resistance.

3.Just Dial Limited

The stock of Just Dial is looking weak in near term. Investors with a short-term perspective can consider selling the stock of Just Dial at current levels. Following an intermediate-term downtrend, the stock fell to an all-time low of 318 in late December 2016 and found support. Since then, it has been on a medium-term uptrend. However, after regaining 50 per cent of the Fibonacci retracement level of the prior downtrend, the stock encountered significant resistance in the 600-620 band in early March. Triggered by negative divergence in the daily relative strength index, the stock changed direction recently. This reversal was strengthened on in last week with the stock tumbling 5 per cent, breaching the support level at 500. The daily relative strength index has entered the neutral region from the bullish zone. The short-term outlook is bearish. It can extend the fall and reach the price targets of 485 and 470 in the ensuing trading sessions. Sell the stock with stop-loss at 512.

4.Triveni Engineering & Industries Limited

Investors with a short-term perspective can buy the stock of Triveni Engineering & Industries at current levels. The stock of Triveni Engineering & Industries surged around 5 per cent breaching a key resistance at around 92 in last three trading days. Since taking support at 50.5 in November 2016, the stock has been on a medium-term uptrend. Following a corrective decline from around 85, the stock found support at 70 in mid-February this year and subsequently resumed its uptrend in early March. The short-term trend is up for the stock. It is trading well above the 21- and 50-DMAs. The daily relative strength index has re-entered the bullish zone from the neutral region and the weekly RSI continues to hover in the bullish zone. There has been an increase in daily volumes over the last five trading sessions. Though there is resistance ahead at 92, the stock holds the potential to surpass this hurdle and extend its ongoing uptrend. The next targets are 97 and 102. Traders with a short-term perspective can buy the stock with a stop-loss at 84.