Do not short at lower levels . strong support at 5862.
Nifty Future- (5825) on the way up key a Major resistance at 5920 Closing above 5920 tham nifty lead to 5960/6000 area. below 5782 strong support at 5755. do not short at near lower level.
Century Tex.(373) Buy at decline at 368 for objective of 386/398 area. break above 398 than should lead the stock towards 425 area. Keep stop below 365 area. Very positive bias for this stock.
Maruti (1307) buy at cmp for objective of 1335/1352 area. Now break above 1352 than should lead the stock towards 1378 area. Keep stoploss below 1287 area. Very positive bias for this stock.
Tata Powers (1330) Intimate buy position in May future on any dips to 1315 area. For an objective of 1364/1386. A break above 1386 will stock indicate strength in the upmove. stoploos below 1309.
GSPL (103) Intimate buy position in May future on any dips to 101 area. For an objective of 107/111 keep stoploos below 99.50.
ONGC (404) Intimate buy position in May future on any dips to 398 area. For an objective of 411/420. A break above 420 will stock indicate strength in the upmove. stoploos below 392.
Bajaj Hind. (82) Buy future at any decline rate nr. 80.5 with stoploss below 78 area for an objective for 87/92 area. intimate 5 days position.
Neyveli Lignite(112.5) Buy future at rate nr. 109 with stoploss below 106 area for an objective for 119/125 intimate 5 days position.
Areva(279) Buy future with stoploss below 274 for an objective for 288/298 area. intimate 5 days position.
Biocon (375) Buy future with stoploss below 365 for an objective for 389/399 area. intimate 5 days position.
Bharat Forge(356) Intimate buy position in May future on any dips to 350 area. For an objective of 368/372 keep stoploos below 347.
Best Buy For May Month :- IDBI, Areva, Century Tex, GSPL.
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