Monday FO Strategy (12Dec.2011)

4850/4801 is the major support. Upside target above 4940/4980

• Nifty Future- (4880) on the way up key a Major resistance at 4931 Closing above 4931 tham nifty lead to 49800 area. below 4851 strong support at 4801. do not short at near lower level.
• IDFC(110) Buy at decline at 107 for objective of 116/1120 area. break above 120 than should lead the stock towards 128 area. Keep stop below 106 area. Very positive bias for this stock.
• Rel. Cap.(295) buy at cmp for objective of 314/321 area. Now break above 321 than should lead the stock towards 333 area. Keep stoploss below 290 area. Very positive bias for this stock.
• Tata Steel (398) Intimate buy position in future on any dips to 395 area. For an objective of 411/423. A break above 423 will stock indicate strength in the upmove. stoploos below 291.
• Hindalco(133) Intimate buy position in Dec. future on any dips to 130 area. For an objective of 140/144 keep stoploos below 127.
• Bombay Dyeing(392) Intimate buy position in future on any dips to 388 area. For an objective of 402/411. A break above 411 will stock indicate strength in the upmove. stoploos below 383.
• Axix Bank(995) Buy future at any decline rate nr. 990 with stoploss below 982 area for an objective for 1015/1039 area. intimate 5 days position.
• Godreji Ind.(197.5) Buy future at rate nr. 195 with stoploss below 192 area for an objective for 203/208 intimate 5 days position.
• Videocon (172.5) Buy future with stoploss below 170 for an objective for 178/183 area. intimate 5 days position.
• Titan (185) Buy future with stoploss below 182 for an objective for 192/196 area. intimate 5 days position.