Monday FO Strategy (15May2011)

5530/5492 is the major support. Upside target above 5635/5675

Nifty Future- (5570) on the way up key a Major resistance at 5610 Closing above 5610 tham nifty lead to 5662/5700 area. below 5530 strong support at 5492. do not short at near lower level.

Patel Eng. (154) Buy at decline at 152 for objective of 160/165 area. break above 165 than should lead the stock towards 175 area. Keep stop below 148 area. Very positive bias for this stock.

Petronet (136) buy at cmp for objective of 143/148 area. Now break above 148 than should lead the stock towards 160 area. Keep stoploss below 131 area. Very positive bias for this stock.

Godrej Ind. (195) Intimate buy position in May future on any dips to 192 area. For an objective of 202/209. A break above 209 will stock indicate strength in the upmove. stoploos below 190.

Onmobile (113) Intimate buy position in May future on any dips to 110 area. For an objective of 118/121 keep stoploos below 108.

MAX (174) Intimate buy position in May future on any dips to 172 area. For an objective of 183/189. A break above 189 will stock indicate strength in the upmove. stoploos below 167.

Tulip IT (163.5) Buy future at any decline rate nr. 160 with stoploss below 157 area for an objective for 169/175 area. intimate 5 days position.

Chambal Fert. (81.5) Buy future at rate nr. 80 with stoploss below 78.5 area for an objective for 85/88 intimate 5 days position.

Rel. Capital (529) Buy future with stoploss below 516 for an objective for 545/555 area. intimate 5 days position.

Lupin (440) Buy future with stoploss below 432 for an objective for 452/459 area. intimate 5 days position.

Punj Lloyd (62.5) Intimate buy position in May future on any dips to 60 area. For an objective of 67/70 keep stoploos below 58.5.

Cipla(310) Intimate buy position in May future on any dips to 306 area. For an objective of 318/323 keep stoploos below 303.

Unitech (36.75) Intimate buy position in May future on any dips to 36 area. For an objective of 40.5/43. A break above 43 will stock indicate strength in the upmove. stoploos below 35.

IDFC (132.5) Buy future at any decline rate nr. 129 with stoploss below 127 area for an objective for 137/141 area. intimate 5 days position.