Buy Century Textiles at 387 with stop loss of 375 and target levels of 415 and 430

Century Textiles has broken the previous short term high made at 376 and close the Friday at 390, which indicates a break-out.

The stock is in strong bullish momentum and likely to move further. The stock provides attractive risk to reward ratio. One may buy the stock at around 387 with stop-loss at 375 and target levels of 416 and 432.

Sell ICICI Bank around 1040-1045, target levels - 1020, 995 and stop-loss 1065

ICICI Bank rallied sharply in the beginning of September and reached the levels of 1050-1100. Since then, it has stuck in this range for about a month.

On Friday though, it has broken that range and closed at 1044. Technically it is a breach of support range and likely to further go down. We anticipate it to first take some support at around 1020 and then at around 990-995. On the upside, one may put stop-loss at 1064.

Wishing you a profitable trading!!