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Coal India Ltd

CMP: 487 | Entry Range: On declines till 470 Target (TGT): 545/580/610 | Stop Loss (SL): 450

* After making the highs of 543 zones, stock has corrected over 10% in recent times and been consolidating. On daily chart basis, time and again the stock has shown strong reversals from 475 levels.

* The stock has seen trend turning upside on weekly basis – up by 4%, with short covering visible aggressively. Chain also reflects good support built-up by PE writers around 500, followed by 460/450 strikes in current and next series expiry.

REC Ltd

CMP: 532 | Entry Range: On declines till 510 TGT: 590/650/72 | SL: 470

* Stock on weekly basis is witnessing aggressive short covering to the tune of 15% and has gained more than 8%, showing strong signs of reversals after the recent fall.

* Support built by PE writers also in progress around 500 strikes, which adds to the comfort for the limited downside play now.

Ashok Leyland Ltd

CMP: 218 | Entry Range: On declines till 212 TGT: 255/270/300 | SL: 195

* Stock on weekly basis is turning the trend upside with good long built-up seen.

* The daily chart also reflects on good support areas for the stock around 200 levels.

Can Fin Homes Ltd

CMP: 862 | Entry Range: On declines till 820 TGT: 935/980/1020 | SL: 770

* Stock on daily chart has a good support around 800-780 zones and have reversed sharp multiple times from here. On weekly basis, the stock is witnessing long built up gaining 6%, with OI of more than 12%.

* Option chain also reflects good CE OI unwinding in current series, which can take the stock towards 900 on immediate basis, and then to the highs of 950 and above.

Kotak Mahindra Bank Ltd

CMP: 1782 | Entry Range: On declines till 1740 TGT: 1860/1920/1980 | SL: 1720

* After recent correection, the stock now has a good support built-up around 1700 zone.

* A bounce back from here will see the stock rising sharply.

Escorts Kubota Ltd

CMP: 3756 | Entry Range: On declines till 3700 TGT: 3950/4100/4400 | SL: 3600

* After recent highs, the stock has seen significant correction with weekly trend now turning up, hinting on some bottom found. Good OI built-up seen on the longs on weekly basis, to the tune of 8%.

* Option chain also reflects on PE writers active at 3800 levels, which is the immediate support zone. A strong potential of upside run of nearly 20% cannot be ruled out.

Reliance Industries Ltd

CMP: 2744 | Entry Range: On declines till 2700 TGT: 2950/3050/3200 | SL: 2650

* Stock in option chain for the current and coming series has strong support built-up at 2700 zones, with CE writers being very active all the way up till 3000/3200 strikes.

* A very strong and favourable risk reward set in the scrip, with very limited downside and large upside potential.

SUNTV Ltd

CMP: 757 | Entry Range: On declines till 750 TGT: 880/940/1000 | SL: 725

* Stock in option chain shows a strong support zones around 760 strikes in current and next series too. The upside potential is on a much higher side and the recent correction in stock now seems to be stabilizing.

* If it holds this support level of 750, then very sharp reversal will be seen in the counter. CE writers are very active all the way up till 900/

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