5822/5783 is the major support.
Nifty Future- (5855) on the way up key a Major resistance at 5820 Closing above 5918 tham nifty lead to 5952/6000 area. below 5822 strong support at 5783. do not short at near lower level.
Chennai Petro (242) Buy at decline at 235/237 for objective of 251/258 area. break above 258 than should lead the stock towards 275 area. Keep stop below 231 area. Very positive bias for this stock.
GMDC(138.5) buy at cmp for objective of 147/152 area. Now break above 152 than should lead the stock towards 158 area. Keep stoploss below 136 area. Very positive bias for this stock.
United Phos. (151.5) Intimate buy position in March future on any dips to 150 area. For an objective of 157/161. A break above 161 will stock indicate strength in the upmove. stoploos below 145.
Triveni Eng.(103) Intimate buy position in March future on any dips to 100 area. For an objective of 108/11 keep stoploos below 98.
Polaris (202.5) Intimate buy position in March future on any dips to 199 area. For an objective of 208/211. A break above 211 will stock indicate strength in the upmove. stoploos below 196.
Havells (388.5) Buy future at any decline rate nr. 385 with stoploss below 377 area for an objective for 399/408 area. intimate 5 days position.
Praj Ind. (81.25) Buy future at rate nr. 79 with stoploss below 77.5 area for an objective for 85/89 intimate 5 days position.
IFCI(55.5) Buy future with stoploss below 54 for an objective for 58/61 area. intimate 5 days position.
Bharat Forge (361) Buy future with stoploss below 355 for an objective for 372/379 area. intimate 5 days position.
Petronet (128) Intimate buy position in March future on any dips to 126 area. For an objective of 134/138 keep stoploos below 1299.
Best Buy For May Month :- BIOCON, MTNL, GMDC.
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