5530 is major resistance . upside target above 5600.
Nifty Future- (5480) on the way up key a Major resistance at 5530 Closing above 5530 tham nifty lead to 5562/5595 area. below 5420 strong support at 5360. do not short at near lower level.
Tata Steel (581) Buy at decline at 575 for objective of 591/600 area. break above 600 than should lead the stock towards 613 area. Keep stop below 571 area. Very positive bias for this stock.
IDFC (125) buy at cmp for objective of 132/138 area. Now break above 138 than should lead the stock towards 145 area. Keep stoploss below 122area. Very positive bias for this stock.
Uco Bank (94) Intimate buy position in July future on any dips to 92 area. For an objective of 99/104. A break above 104 will stock indicate strength in the upmove. stoploos below 90.
Ruchi Soya (97.25) Intimate buy position in July future on any dips to 95 area. For an objective of 101/105 keep stoploos below 93.5.
Praj Ind.. (72) Intimate buy position in July future on any dips to 70 area. For an objective of 76. A break above 76 will stock indicate strength in the upmove. stoploos below 68.5.
Adani Power (111) Buy future at any decline rate nr. 110 with stoploss below 108 area for an objective for 116/118 area. intimate 5 days position.
NTPC (182) Buy future at rate nr. 180 with stoploss below 168.5 area for an objective for 188/193 intimate 5 days position.
IDBI(130.25) Buy future with stoploss below 128 for an objective for 136/140 area. intimate 5 days position.
Fortis. (155) Buy future with stoploss below 153 for an objective for 159/163 area. intimate 5 days position.
Best Buy For May Month :- Biocon, Areva, GMDC
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