nse tips cesc

cesc 1st taregt achieved @ 1000 sold@ 1025

nse tips dabur

buy dabur @376 sl 370 target 382/388

nse tips godrej cp

buy godrej cp@ 1095 sl 1080 target 1110/1125/1135

nse tips cesc

sell cesc @ 1025 sl 1045 target 1000/980

nse tips hero motors

hero motors 1st target achieved@ 3510  sold@ 3580

nse tips jackpot call

sell tata steel@ 599  target 569/539/520

nse tips axis bank

sell axis bank @ 530 sl 537 target 523/516

AUD/CAD finds stiff resistance at 21-ema at 0.9673, good to go long on break above

• AUD/CAD breaks above 5-DMA at 0.9624, trades 0.18% higher on the day at 0.9633 levels.
   
• The pair finds stiff resistance at 21-EMA at 0.9673, breakout at 21-EMA could see further upside.
   
• Technical studies are turning slightly bullish. Stochs have shown a rollover from oversold levels.
   
• We also evidence bullish divergence on RSI and Stochs which adds to the bullish bias.
   
• Breakout at 21-EMA will see test of 23.6% Fib at 0.9716. Further bullishness could take the pair to 50-DMA at 0.9811.
   
• On the downside, we see major trendline support at 0.9550, break below will see resumption of weakness.

Support levels - 0.9624 (5-DMA), 0.96, 0.9550 (trendline)

Resistance levels - 0.9716 (21-EMA), 0.9785 (Nov 30 high), 0.9811 (50-DMA)

Recommendation: Watchout for breakout at 21-EMA to go long. Target 0.9716/ 0.9811.

USD/ZAR rejects key resistance at 12.62 Mark, bias remains slightly bearish

• USD/ZAR is currently trading around 12.52 levels.

• It made intraday high at 12.62 and low at 12.51 levels.
   
• Intraday bias remains slightly bearish till the time pair holds key resistance at 12.62 mark.
   
• A daily close above 12.62 will take the parity higher towards key resistances around 12.78, 12.86, 12.96 and 13.15 marks respectively.
   
• Alternatively, a daily close below 12.42 will drag the parity down towards key supports at 12.20, 12.02, 11.94, 11.84, 11.70, 11.62 and 11.53 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.

We prefer to take short position on USD/ZAR  around 12.55, stop loss at 12.62 and target of 12.42/12.20.

GBP/JPY trade idea

• GBP/JPY is continuing its upward momentum and jumped almost 80 pips from Wednesday close. The pair has closed slightly above 200- day MA and this confirms minor trend reversal. It has jumped till  jumped till 150 at the time of writing The yen was trading weak against all majors today on account of easing geo political tensions . USD/JPY trades higher and hits high of 111. GBP/JPY has taken support near trend line and any minor weakness only below 147.05. It is currently trading around 149.72.
   
• The pair is facing strong resistance at 150 and any convincing break above 150 will take the pair to next level till 150.64 (100- day MA)/151/152.80.
   
• On the lower side, near term major support is around 149 and any decline below will drag the pair to next level till 148/147.

It is good to buy on dips around 149.50-60 with SL around 149 for the TP of 150.64/151.
Resistance
R1- 150
 
R2 –150.65
 
R3- 151.50
Support              
 
S1- 149
 
S2-148
 
S3- 147