Monday FO Strategy (21March2011)

Written By JS on Sunday, March 20, 2011 | 3:02 AM

5350/5311 is support level. Buy only above 5411.

Nifty Future- (54385) on the way up key a Major resistance at 5438Closing above 5433 tham nifty lead to 5469/5500 area. below 5310 strong support at 5270. do not short at near lower level.
Century Tex.(315) Buy at decline at 308 for objective of 328/338 area. break above 338 than should lead the stock towards 360 area. Keep stop below 300 area. Very positive bias for this stock.
Rel. Media (148.5) buy at cmp for objective of 155/159 area. Now break above 159 than should lead the stock towards 170 area. Keep stoploss below 144 area. Very positive bias for this stock.
Sesagoa (261) Intimate buy position in March future on any dips to 257 area. For an objective of 269/277. A break above 277 will stock indicate strength in the upmove. stoploos below 252.5.
Bajaj Auto (1362) Intimate buy position in March future on any dips to 1350 area. For an objective of 1405/1435 keep stoploos below 448.
Sintex (143.5) Intimate buy position in March future on any dips to 142 area. For an objective of 149/155. A break above 155 will stock indicate strength in the upmove. stoploos below 139.
ZEEL (119) Buy future at any decline rate nr. 117 with stoploss below 115 area for an objective for 124/130 area. intimate 5 days position.
GMDC(128.5) Buy future at rate nr. 126 with stoploss below 123 area for an objective for 134/138 intimate 5 days position.
Onmobile (247) Buy future with stoploss below 242.5 for an objective for 257/267 area. intimate 5 days position.
Mcleod Russel (264) Buy future with stoploss below 258 for an objective for 157/161 area. intimate 5 days position.
Reliance (993) Intimate buy position in March future on any dips to 985 area. For an objective of 1014/1037 keep stoploos below 979.

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