5150/5110 is the major support. Upside target 5230/5280.
Nifty Future- (5195) on the way up key a Major resistance at 5230 Closing above 5230 tham nifty lead to 5380 area. below 5150 strong support at 5110. do not short at near lower level.
Tata Com.(196) Buy at decline at 193 for objective of 203/209 area. break above 209 than should lead the stock towards 220 area. Keep stop below 190 area. Very positive bias for this stock.
Hind Oil(134) buy at cmp for objective of 140/145 area. Now break above 145 than should lead the stock towards 150 area. Keep stoploss below 129 area. Very positive bias for this stock.
Bharat Forge (284.5) Intimate buy position in future on any dips to 280 area. For an objective of 293/299. A break above 299 will stock indicate strength in the upmove. stoploos below 276.
TVS Motors(67) Intimate buy position in Nov... future on any dips to 66 area. For an objective of 71/74 keep stoploos below 64.5.
JP Power(37.5) Intimate buy position in future on any dips to 36 area. For an objective of 39.5/42. A break above 42 will stock indicate strength in the upmove. stoploos below 35.
Adani Power(83) Buy future at any decline rate nr. 81 with stoploss below 79.5 area for an objective for 88/90 area. intimate 5 days position.
Canara Bank(471) Buy future at rate nr. 465 with stoploss below 460 area for an objective for 485/490 intimate 5 days position.
Power Grid(105) Buy future with stoploss below 102 for an objective for 111/114 area. intimate 5 days position.
Reliance (888) Buy future with stoploss below 875 for an objective for 908/917 area. intimate 5 days position.
Best Buy For May Month :- Reliance, Tata Com., TVS Motors
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