Monday FO Strategy (06August2012)

Written By Unknown on Sunday, August 5, 2012 | 1:17 AM

5181 is major support. Upside target 5268/5320.

Nifty Future- (5240) on the way up key a Major resistance at 5268 Closing above 5268 tham nifty lead to 5320/5350 area. below 5181 strong support at 5150 do not short at near lower level.
Sun TV (270) Buy at decline at 267 for objective of 280/285 area. break above 285 than should lead the stock towards 300 area. Keep stop below 262 area. Very positive bias for this stock.
Grasim(2907) Buy at cmp for objective of 2960/3000 area. Now break above 3000 than should lead the stock towards 3050 area. Keep stoploss below 2880 area. Very positive bias for this stock.
HDIL (82) Intimate Buy position in future at 81 area. For an objective of 86/89. Keep Stoploss below 79.5.
Tata Steel (399) Buy future at any decline rate nr. 395 with stoploss below 391 area for an objective for 410/415 area. intimate 5 days position.
Bata(927) Buy future at rate nr. 920 with stoploss below 909 area for an objective for 950/950 intimate 5 days position.
Mcdowell(868) buy at cmp for objective of 895/920 area. Now break above 920 than should lead the stock towards 950 area. Keep stoploss below 845 area. Very positive bias for this stock.
SBI (2213) Buy future at any decline rate nr. 2000 with stoploss below 1985 area for an objective for 2250/2275 area. intimate 5 days position.
Max(178.5) Buy future at rate nr. 175 with stoploss below 172 area for an objective for 183/185 intimate 5 days position.
Rel. Infra(501.5) buy at cmp for objective of 520/530 area. Now break above 530 than should lead the stock towards 550 area. Keep stoploss below 493 area. Very positive bias for this stock.

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