Stock Market Trading Strategies for next week

Indian markets fell to 18-months low this week as the market participants decided to cut their positions ahead of Jackson Hole meeting. The benchmark indices Sensex and Nifty broke their crucial levels of 16,000 and 4,800 respectively.

weekly technical calls:-

Ambuja Cements:
One may go long in the range of 131-134 levels for a target of 146-150 levels with a closing below stop loss of 124 levels.

Parsvnath Developers:
One may go long in the range of 43-45 levels for a target of 52-55 levels with a closing below stop loss of 40 levels.

Rajesh Exports:
One may go long above 111 levels for a target of 123-127 levels with a closing below stop loss of 105 levels.

Larsen & Toubro:
Investors with long-term outlook can enter the stock around Rs. 1,500. There is a very strong support around Rs. 1,475, technically.

Tata Motors:     
Shares of the company declined Rs 4.05, or 0.98%, to settle at Rs 408.50. The total volume of shares traded was 70,009 at the BSE.

Bharti Airtel:
We recommend a buy on the stock for the short-term as well as the long-term. Accumulate between Rs. 380 - 400. One year target can be set around Rs. 500 and Rs. 750 for 3 years.