Monday FO Strategy (24thSept.2012)

Written By JS on Sunday, September 23, 2012 | 2:19 AM

Now  upside target above 5780/5830.

Nifty Future- (5710) on the way up key a Major resistance at 5745 Closing above  5745  tham  nifty lead to 5780/5820  area.   below  5680  strong support at 5650  do not short at near lower level.

Tata Steel (410) Again Buy at decline at  405  for objective of  423/430  area. break above  430  than should lead the stock towards  440  area. Keep stop below  400  area. Very positive bias for this stock.

Reliance (852)   Buy at cmp for objective of  875/888  area. Now break above  888  than should lead the stock towards  895 area. Keep stoploss below 839 area. Very positive bias for this stock.

Crompton (117) Intimate Buy position in future at 115 area. For an objective of  122/127. Keep Stoploss below 112.

Bhel (231.5) Buy  future at any decline  rate nr. 230  with stoploss below  227  area for an objective for 238/246  area.  intimate 5 days position.

Bajaj Auto (1803) Buy  future at rate nr. 1790  with stoploss below  1773  area for an objective for 1840/1860  intimate 5 days position.

Dr. Reddy (1655)  buy at cmp for objective of  1685/1710  area. Now break above  1710  than should lead the stock towards 1730/1750  area. Keep stoploss below 1631  area. Very positive bias for this stock.

Lic Hsg.(268) Buy  future at any decline  rate nr. 265  with stoploss below  262  area for an objective for 277/282  area.  intimate 5 days position.

Jindal Steel(427) Buy  future at rate nr. 422  with stoploss below  418  area for an objective for  432/440  intimate 5 days position.

Hindalco (118) Buy  future at any decline  rate nr. 114  with stoploss below  112  area for an objective for 123/127  area.  intimate 5 days position.

JP Asso.(82.5) Buy  future at rate nr. 81 with stoploss below  79.5  area for an objective for 86/90.5  intimate 5 days position

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