5450/5421 is the major support. Upside target above 5540/5580.
Nifty Future- (5485) on the way up key a Major resistance at 5520 Closing above 5520 tham nifty lead to 5562/5590 area. below 5421 strong support at 5400. do not short at near lower level.
Bombay Dyeing (376) Buy at decline at 370 for objective of 390/395 area. break above 395 than should lead the stock towards 410 area. Keep stop below 363 area. Very positive bias for this stock.
Century Tex. (347) buy at cmp for objective of 365/375 area. Now break above 375 than should lead the stock towards 400 area. Keep stoploss below 338 area. Very positive bias for this stock.
Pantaloons (285) Intimate buy position in June future on any dips to 282 area. For an objective of 295/305. A break above 305 will stock indicate strength in the upmove. stoploos below 279.
Tata Steel (571) Intimate buy position in June future on any dips to 567 area. For an objective of 585/595 keep stoploos below 561.
Divis Labo. (778) Intimate buy position in June future on any dips to 770 area. For an objective of 800/820. A break above 820 will stock indicate strength in the upmove. stoploos below 763.
Hexaware (72) Buy future at any decline rate nr. 70 with stoploss below 68 area for an objective for 76/79.5 area. intimate 5 days position.
IRB Infra (167) Buy future at rate nr. 165with stoploss below 162.5 area for an objective for 176/182 intimate 5 days position.
Crompton (268) Buy future with stoploss below 263 for an objective for 276/283 area. intimate 5 days position.
Rel. Capital. (530) Buy future with stoploss below 521 for an objective for 549/565 area. intimate 5 days position.
Best Buy For May Month :- Century , Divis Lab., Bombay Dyeing
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