Watch out for the following 4 stocks on May 16, 2017.

1. NMDC (CMP: 128.45)
– Positional Recommendation: BUY on dips
– Support Levels: 126.10, 124.30
– Resistance Levels: 130, 132.65

2. TATA COMM (CMP: 687.05)
– Positional Recommendation: BUY on dips
– Support Levels: 680, 668.15
– Resistance Levels: 694.60, 704.65

3. UPL (CMP: 837.25)
– Positional Recommendation: BUY on dips
– Support Levels: 831.10, 820.50
– Resistance Levels: 846.50, 857.25

4. IDEA (CMP: 86.05)
– Positional Recommendation: SELL on rise
– Support Levels: 84.25, 83.65
– Resistance Levels: 87.00, 88.62

Disclaimer:
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from Technical analysis software deemed to be reliable but is not guaranteed as to accuracy and completeness. It is advisable to consult the appropriate experts before using the recommendations. Equitypandit should not be hold liable for any consequences. The information mentioned are for study purpose.