Somil Mehta of Mirae Asset Sharekhan listed Dixon Technologies, GAIL and Prestige Estates as sell ideas and Adani Power as a buy. These are the analyst’s views, not personalized financial advice.
Somil Mehta, head of retail research at Mirae Asset Sharekhan, set out technical trading ideas for October 6. He named Dixon Technologies, GAIL and Prestige Estates Projects as sell calls and Adani Power as a buy. The Times of India report says the market views belong to the analyst.
For Dixon Technologies, Mehta gave a sell range of 12,748–12,749 rupees, a stop-loss at 13,150 and a target of 12,200. His rationale included a break below support from the previous four weeks and the 200-day exponential moving average. He identified support at 12,400 and resistance at 13,000.
For GAIL, the suggested sell range was 167–168 rupees, with a stop-loss at 173.50 and a target of 161. Mehta cited a breakdown from a broad trading range and weakness around the 20-, 40- and 200-day averages. He placed support at 163 and resistance at 170.
For Prestige Estates Projects, he listed a sell range of 1,445–1,446 rupees, a stop-loss at 1,500 and a target of 1,385. The stock had broken below a rising trendline. Mehta marked support at 1,408 and resistance at 1,471.
Adani Power was the only buy call, with a range of 200–201 rupees, a stop-loss at 193 and a target of 210. Mehta described support near 197 and resistance near 205, citing a price base around the 200-day average and a positive reversal candlestick pattern.
The levels are one analyst’s technical view for the stated trading date. They can become outdated quickly and do not account for an individual investor’s circumstances.