BUY Syndicate Bank CMP 83

Buy with a SL of 79 for a short term target of 90.

India cement - CMP 135.25

Buy India Cement with a Stop Loss of 119 for a target of 169-179.

For those who are interested in GOLD

Refer to http://blog.afraidtotrade.com/gold-forming-symmetrical-triangle/.

Thanks,
Bhupesh

Buy Unitech above 89 for a short term target of 104-105.

TATA Motors Buy with a Stop loss of 315

Key level to watch 320 , if trades aboves 320, then can go upto 380 and if it crosses 392 , then 450.

Nifty on July 17

The lesson to learn from the daily chart is that price formed a significant Negative Divergence that preceded the recent correction down into the 4,000 area.

We had a bearish head and shoulder in the Nifty which has seen a sharp rally and gets cancelled if it trades above 4500 - right shoulder

4500 is ket level to watch out for!