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Nifty (CMP: 10767)
Last week saw a volatile period in Nifty where both previous week’s high & low were briefly taken out but it did not put up any continued movement in either direction. But in spite of that we got a closing above previous week’s high and that, combined with the fact that Nifty is still trading above all major moving averages like 50, 100 & 200 day denominations put the odd in favor of the bulls. This view will gain further confirmation if 10820 are subsequently conquered by the index sometimes early next week.

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United Breweries (CMP: 1227)
Riding on the strong fundamentals, United Breweries is surging ahead. The nature of the long term trend is steady & hence reliable. Short term support exists at 1155 regions and any pullback might be a good opportunity to go long in this FMCG stock.

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(Sell) Tata Motors (CMP: 310)
Although there is a recent strength, yet this auto stock is a relative under-performer in the longer term & the primary downtrend trend is pretty strong. Keep short term stoploss at 315 & sell Tata Motors upon violating 304 for target 285.

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Pfizer (CMP: 2628)
We like this stock for its tremendously strong long-term primary uptrend. Past week saw a routine pull back on Monday which was a buying opportunity. Buy on pull back to 2600 regions with stop loss at 2533 & target 2710.

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KPIT Tech (CMP: 273)
Mid-cap IT sector is seeing a strong demand & KPIT Technologies is continuing in its primary uptrend. We recommend buying at CMP with stoploss at 260 & target 290.



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