Monday FO Strategy (15th Oct.2012)

Written By Unknown on Sunday, October 14, 2012 | 2:33 AM

5650 is the strong support. Again upside target 5830..

Nifty Future- (5688) on the way up key a Major resistance at 5712 Closing above  5712  tham  nifty lead to 5750/5780  area.   below  5650  strong support at 5630.  do not short at near lower level.

Tata Motor (271)  Buy at decline at  269  for objective of  280/290  area. break above  290  than should lead the stock towards  300  area. Keep stop below  265  area. Very positive bias for this stock.

Reliance (822)   Buy at cmp for objective of  838/850  area. Now break above  850  than should lead the stock towards  875 area. Keep stoploss below 810 area. Very positive bias for this stock.

Jindal Steel (419) Intimate Buy position in future at 415 area. For an objective of  430/4400. Keep Stoploss below 408.

Titan (275.5) Buy  future at any decline  rate nr. 272  with stoploss below  268 area for an objective for 285/292  area.  intimate 5 days position.

Fintech (1035) Buy  future at rate nr. 1020  with stoploss below  1006  area for an objective for 1060/1075  intimate 5 days position.

Sun TV (354)  buy at cmp for objective of  365/370  area. Now break above  370  than should lead the stock towards 390/400  area. Keep stoploss below 347  area. Very positive bias for this stock.

Divis Lab..(1145) Buy  future at any decline  rate nr.  1130  with stoploss below  1117  area for an objective for 1170/1185  area.  intimate 5 days position.

Hcl Tech.(573.5) Buy  future at rate nr. 570 with stoploss below  563  area for an objective for  590/600  intimate 5 days position.

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