Monday FO Strategy (01Aug2011)

5450 is the major support. Now upside target above 5560/5580.

Nifty Future- (5490) on the way up key a Major resistance at 5530 Closing above 5530 tham nifty lead to 5575/5605 area. below 5450 strong support at 5420. do not short at near lower level.
Bajaj Auto(1465) Buy at decline at 1455 for objective of 1485/1525 area. break above 1525 than should lead the stock towards 1560 area. Keep stop below 1541 area. Very positive bias for this stock.
ABG Ship.(390) buy at cmp for objective of 403/410 area. Now break above 410 than should lead the stock towards 425 area. Keep stoploss below 383 area. Very positive bias for this stock.
R.com(102) Intimate buy position in August future on any dips to 100 area. For an objective of 107/111. A break above 111 will stock indicate strength in the upmove. stoploos below 99.5.
Godrej Ind.(212) Intimate buy position in August future on any dips to 208 area. For an objective of 222/225 keep stoploos below 205.
Jet Airways (445) Intimate buy position in August future on any dips to 440 area. For an objective of 460/470. A break above 470 will stock indicate strength in the upmove. stoploos below 435.
Renuka Sugar.. (70) Buy future at any decline rate nr. 69 with stoploss below 68 area for an objective for 74/78 area. intimate 5 days position.
Maruti (1205) Buy future at rate nr. 1290 with stoploss below 1283 area for an objective for 1228/1250 intimate 5 days position.
IRB(172) Buy future with stoploss below 168 for an objective for 178/183 area. intimate 5 days position.
Axix Bank (1236) Buy future with stoploss below 1223 for an objective for 1262/1280 area. intimate 5 days position.

Best Buy For May Month :- Axix Bank, Renuka Sugar, Rcom.