Monday 14March2011 (weekly target)

Written By JS on Sunday, March 13, 2011 | 4:31 AM

5498 is the resistance level buy only above 5498W for weekly tgt 5550/5580.

Nifty Future- (5458)
on the way up key a Major resistance at 5498Closing above 5498 tham nifty lead to 5530/5580 area. below 5410 strong support at 5370. do not short at near lower level.

Rel Capital(514) Buy at decline at 505 for objective of 533/550 area. break above 550 than should lead the stock towards 575 area. Keep stop below 500 area. Very positive bias for this stock.

Tata Chem (330) buy at cmp for objective of 341/349 area. Now break above 349 than should lead the stock towards 360 area. Keep stoploss below 321 area. Very positive bias for this stock.

Siemens (861) Intimate buy position in March future on any dips to 850 area. For an objective of 885/899. A break above 899 will stock indicate strength in the upmove. stoploos below 838.

Ranbaxy (461) Intimate buy position in March future on any dips to 456 area. For an objective of 475/485 keep stoploos below 448.

Exide (136.5) Intimate buy position in March future on any dips to 133 area. For an objective of 142/145. A break above 145 will stock indicate strength in the upmove. stoploos below 129.

ONGC (282) Buy future at any decline rate nr. 280 with stoploss below 276 area for an objective for 288/293 area. intimate 5 days position.

Areva (252.5) Buy future at rate nr. 246 with stoploss below 243 area for an objective for 259/265 intimate 5 days position.

HDIL (166) Buy future with stoploss below 162.5 for an objective for 173/177 area. intimate 5 days position.

Fortis (154) Buy future with stoploss below 150 for an objective for 157/161 area. intimate 5 days position.

Petronet (118.5) Intimate buy position in March future on any dips to 116.5 area. For an objective of 123/127 keep stoploos below 114.

Best Buy For May Month :- Petronet, Fortis, HDIL.

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