Voda Idea, Sun TV: 7 mid, smallcaps that look attractive on the charts

Selective small and mid-cap are exhibiting buying momentum after the Sebi circular on multi-cap funds

Vodafone Idea Limited (IDEA): As this counter has managed to conquer the selling pressure in the range of Rs 11 to Rs 13 firmly, the upside remains strong. One can anticipate a rally towards Rs 17 and then Rs 22 looking at daily and weekly charts. A closing basis support stays at Rs 8 from a short-term perspective and Rs 6 from a long-term view. A major breakout is expected above Rs 15 levels. CLICK HERE FOR THE CHART

  

Sun TV Network Limited (SUNTV):  This stock has been unable to to breach 100- days moving average (DMA), which is around Rs 446 levels. As and when the price approached near this support, buying momentum took the stock higher. A close above Rs 500 may further see short covering. The immediate rally looks to be in the direction of Rs 550 levels. The Moving Average Convergence Divergence (MACD) has crossed the zero line, which also indicates the underlying positive momentum, as per the daily chart. CLICK HERE FOR THE CHART

  

IDFC Limited (IDFC):  The stock has been able to sustain above it crucial support level of Rs 26. Till this level holds, the downside is capped with a closing basis support of Rs 26. On the higher side, a breakout above Rs 31 may see an addition in volumes and the strength may push the stock towards Rs 37 and then Rs 40 levels.  CLICK HERE FOR THE CHART

  

Kajaria Ceramics Limited (KAJARIACER): The counter has gained momentum on Friday as it reversed with aggressive volumes, closing above the 200-DMA, which had become a challenging task since several sessions. The RSI has also made a positive crossover with MACD turning upward. All these are positive signs and can take the stock towards Rs 545 levels in the sessions ahead. CLICK HERE FOR THE CHART

  

Procter & Gamble Health Limited (PGHL): The price has scaled a new all-time high in the last few sessions. It did see some profit booking thereafter though the bullish sentiment has not been dented. The immediate support comes at Rs 4,700 levels. And till it holds ground above Rs 4,500 from a medium-term perspective, the counter has the potential to hit Rs 5,700 levels in the days ahead. CLICK HERE FOR THE CHART

  

Rain Industries Limited (RAIN): The counter can break above Rs 132 levels. The current formation exhibits “Higher High, Higher Low” with a lower rising trendline support at Rs 97 levels. The current price is hovering around the 50-DMA, placed at Rs 105. This has become an immediate reversal / support level. The overall trend suggestst that the counter is moving towards Rs 131 – 132. CLICK HERE FOR THE CHART

              

KEC International Limited (KEC): Till this counter holds above Rs 300 levels, the upside momentum can take  the stock higher to Rs 370 and then Rs 390 levels in the near-term. The stock is witnessing buying / accumulation around Rs 311, which indicates that corrective moves are being being bought into. The overall structure looks promising with a “Golden Cross”of 50-DMA with 200-DMA. CLICK HERE FOR THE CHART