Monday FO Strategy (13August2012)

Written By Unknown on Sunday, August 12, 2012 | 12:25 AM

5320/5292 is the major support. Now upside target.

Nifty Future- (5350) on the way up key a Major resistance at 5368 Closing above 5368 tham nifty lead to 5420/5450 area. below 5221 strong support at 5290 do not short at near lower level.

Sun TV (308) Again Buy at decline at 305 for objective of 320/330 area. break above 325 than should lead the stock towards 330 area. Keep stop below 302 area. Very positive bias for this stock.

Reliance (788) Buy at cmp for objective of 810/820 area. Now break above 820 than should lead the stock towards area. Keep stoploss below 2880 area. Very positive bias for this stock.

Kotak Bank (580) Intimate Buy position in future at 575 area. For an objective of 596/605. Keep Stoploss below 571.

Maruti (1166) Buy future at any decline rate nr. 1162 with stoploss below 1151 area for an objective for 1195/1215 area. intimate 5 days position.

JSW Steel (735) Buy future at rate nr. 730 with stoploss below 723 area for an objective for 750/770 intimate 5 days position.

BPCL (352) buy at cmp for objective of 365/375 area. Now break above 375 than should lead the stock towards 390 area. Keep stoploss below 342 area. Very positive bias for this stock.

Ambuja Cement (195) Buy future at any decline rate nr. 190 with stoploss below 187 area for an objective for 202/210 area. intimate 5 days position.

DLF (208.5) Buy future at rate nr. 205 with stoploss below 203 area for an objective for 217/225 intimate 5 days position.

Sail (85) buy at cmp for objective of 90/93 area. Now break above 93 than should lead the stock towards 97 area. Keep stoploss below 493 area. Very positive bias for this stock.

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