MonadayFO Strategy (16April2012)

Written By Unknown on Sunday, April 15, 2012 | 12:03 AM

5191 is the major support. Upside target above 5255/5280.

Nifty Future- (5212) on the way up key a Major resistance at 5275 Closing above 5275 tham nifty lead to 5310 area. below 5191 strong support at 5167 do not short at near lower level.
Reliance (750) Buy at decline at 746 for objective of 763/777 area. break above 777 than should lead the stock towards 790 area. Keep stop below 741 area. Very positive bias for this stock.
Rallis(128) buy at cmp for objective of 134/138 area. Now break above 138 than should lead the stock towards 141 area. Keep stoploss below 124 area. Very positive bias for this stock.
Kotak Bank(577) Intimate buy position in future on any dips to 570 area. For an objective of 590/607. A break above 607 will stock indicate strength in the upmove. stoploos below 565.
Dabur (110) Intimate buy position in April. future on any dips to 108 area. For an objective of 115/118 keep stoploos below 106.
Apollo Tyre (86.25) Intimate buy position in future on any dips to 85 area. For an objective of 89.50/92. A break above 92 will stock indicate strength in the upmove. stoploos below 84.50.
Sesagoa(186.5) Buy future at any decline rate nr. 184 with stoploss below 182.5 area for an objective for 190.5/193 area. intimate 5 days position.
DLF (197.5) Buy future at rate nr. 195 with stoploss below 193.5 area for an objective for 202/205 intimate 5 days position.
BGR Energy (347) buy at cmp for objective of 362/368 area. Now break above 368 than should lead the stock towards 380 area. Keep stoploss below 343 area. Very positive bias for this stock.
Hindalco(125) Intimate buy position in future on any dips to 123 area. For an objective of 131/134. A break above 134 will stock indicate strength in the upmove. stoploos below 122.
Bharti Airtel(324.5) Buy future at any decline rate nr. 320 with stoploss below 316 area for an objective for 333/339 area. intimate 5 days position.

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