Do not short at lower levels . strong support at 5682.
Nifty Future- (5750) on the way up key a Major resistance at 5892 Closing above 5900 tham nifty lead to 5845/5880 area. below 5722 strong support at 5682. do not short at near lower level.
IDFC(146) Buy at decline at for objective of 152/158 area. break above 158 than should lead the stock towards 165 area. Keep stop below 143 area. Very positive bias for this stock.
Tata Steel (616) buy at cmp for objective of 632/642 area. Now break above 642 than should lead the stock towards 658 area. Keep stoploss below 607 area. Very positive bias for this stock.
ONGC (308) Intimate buy position in May future on any dips to 305 area. For an objective of 324/336. A break above 336 will stock indicate strength in the upmove. stoploos below 301.
Ranbaxy (460) Intimate buy position in May future on any dips to 450 area. For an objective of 472/481 keep stoploos below 445.
NHPC (26) Intimate buy position in May future on any dips to 25 area. For an objective of 28.5/30. A break above 30 will stock indicate strength in the upmove. stoploos below 24.5.
MAX (I) (168) Buy future at any decline rate nr. 165 with stoploss below 162.5 area for an objective for 171/175 area. intimate 5 days position.
BGR (552) Buy future at rate nr. 540 with stoploss below 534 area for an objective for 575/585 intimate 5 days position.
United Phos. (153) Buy future with stoploss below 151 for an objective for 158/165 area. intimate 5 days position.
Rel. Capital (566) Buy future with stoploss below 555 for an objective for 589/599 area. intimate 5 days position.
BPCL (630) Intimate buy position in May future on any dips to 620 area. For an objective of 648/672 keep stoploos below 347.
Best Buy For May Month :- Rel. Infra., ICICI, Piramal Health.
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