SMC Global Securities has selected ACC and Gruh Finance as technical picks with a time horizon of 1-2 months.

Commenting on the technical rationale on ACC, SMC Global said, "The stock closed at Rs 1394.55 on Sept. 03, 2015. It made a 52-week low at Rs 1317.15 on Sept. 01, 2015 and a 52-week high at Rs 1774.65 on Mar. 04, 2015. The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is currently at Rs 1451.33.

After making its 52 week high of 1775 levels, there was a profit booking, which could be seen on the chart. However, it again rebounded sharply from lower levels and maintained its strength, which shows its potential to continue its upward momentum in the near term. One can buy in the range of 1392-1397 levels for the target of 1440-1450 levels with SL of 1373 levels.''

While commenting on Gruh Finance, the stock broker said, "The stock closed at Rs 250.50 on Sept. 03, 2015. It made a 52-week low at Rs 183 on Oct. 16, 2014 and a 52-week high of Rs 317.70 on Jan. 16, 2015. The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is currently at Rs 239.87.

After falling from its peak, it rebounded back from 225 levels. Moreover, it has maintained its momentum by sustaining above its previous support of 225 levels which is a sign of strength. One can buy in the range of 248-251 levels for the target of 265-270 levels with SL of 238 levels.''

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