Monday FO Strategy (09May2011)

Written By Unknown on Sunday, May 8, 2011 | 3:33 AM

5500/5476 is the major support. Upside target above 5605

Nifty Future- (5545) on the way up key a Major resistance at 5610 Closing above 5610 tham nifty lead to 5662/5700 area. below 5500 strong support at 5476. do not short at near lower level.

IDFC(137.5) Buy at decline at 136 for objective of 143/148 area. break above 148 than should lead the stock towards 155 area. Keep stop below 133 area. Very positive bias for this stock.

Sintex(188) buy at cmp for objective of 197/205 area. Now break above 205 than should lead the stock towards 210 area. Keep stoploss below 184 area. Very positive bias for this stock.

United Phos. (156) Intimate buy position in March future on any dips to 154 area. For an objective of 162/165. A break above 165 will stock indicate strength in the upmove. stoploos below 151.

Patel Eng.(149) Intimate buy position in May future on any dips to 146 area. For an objective of 155/161 keep stoploos below 143.

Areva (272.5) Intimate buy position in May future on any dips to 269 area. For an objective of 283/289. A break above 289 will stock indicate strength in the upmove. stoploos below 266.

Havells (386) Buy future at any decline rate nr. 380 with stoploss below 377 area for an objective for 399/408 area. intimate 5 days position.

JP Associate (86.5) Buy future at rate nr. 84 with stoploss below 82.5 area for an objective for 89/93 intimate 5 days position.

Ster Tech (59.5) Buy future with stoploss below 57 for an objective for 6266 area. intimate 5 days position.

Uco Bank (101) Buy future with stoploss below 99 for an objective for 106/109 area. intimate 5 days position.

IDBI (136.5) Intimate buy position in May future on any dips to 135 area. For an objective of 142/146 keep stoploos below 133.

Mundra (133) Intimate buy position in May future on any dips to 130 area. For an objective of 138/141 keep stoploos below 128.

Grasim(2335) Intimate buy position in May future on any dips to 2309 area. For an objective of 2375/2400. A break above 2400 will stock indicate strength in the upmove. stoploos below 2295.

Apollo Tyre (70.5) Buy future at any decline rate nr. 69 with stoploss below 67 area for an objective for 74/75 area. intimate 5 days position.


Best Buy For May Month :- Grasim, IDBI, Ster Tech.

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