Monday FO Strategy (10thSept.2012)

Written By Unknown on Sunday, September 9, 2012 | 1:39 AM

5385 is major hurdle. Close above 5385 tham nifty lead upto 5425.

Nifty Future- (5360) on the way up key a Major resistance at 5385 Closing above 5385 tham nifty lead to 5410/5440 area. below 5321 strong support at 5300 do not short at near lower level.

Tata Motor (243) Again Buy at decline at 241 for objective of 249/253 area. break above 253 than should lead the stock towards 260 area. Keep stop below 239 area. Very positive bias for this stock.

Reliance (796) Buy at cmp for objective of 815/825 area. Now break above 825 than should lead the stock towards 850 area. Keep stoploss below 781 area. Very positive bias for this stock.
Grasim (2990) Intimate Buy position in future at 2975 area. For an objective of 3030/3075. Keep Stoploss below 2954.

IDFC(127.5) Buy future at any decline rate nr. 126 with stoploss below 124.5 area for an objective for 131/135 area. intimate 5 days position.

ICICI (937) Buy future at rate nr. 930 with stoploss below 923 area for an objective for 960/980 intimate 5 days position.

Dr. Reddy(1705) buy at cmp for objective of 1740/1760 area. Now break above 1760 than should lead the stock towards 1800/1850 area. Keep stoploss below 1683 area. Very positive bias for this stock.

All Bank(123) Buy future at any decline rate nr. 121 with stoploss below 119 area for an objective for 127/130 area. intimate 5 days position.

DLF (203.5) Buy future at rate nr. 200 with stoploss below 198 area for an objective for 208/212 intimate 5 days position.

Godrej Ind.(258.5) Buy future at any decline rate nr. 255 with stoploss below 252 area for an objective for 268/275 area. intimate 5 days position.

Crompton (110.5) Buy future at rate nr. 109 with stoploss below 107 area for an objective for 116/120 intimate 5 days position

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