Monday FO Strategy (15th Aprial 2013)

Written By Unknown on Saturday, April 13, 2013 | 11:25 PM

5500/5474 is the major supprt for nifty future.

Nifty Future- (5533) on the way up key a Major resistance at 5565  Closing above  5565  tham  nifty lead to 5705/5730  area. below  5500 strong support at  5474.  do not short at near lower level.

Tata Steel (300)  Buy at decline at  297  for objective of  311/315  area. break above  315  than should lead the stock towards 323 area. Keep stop below 294 area. Very positive bias for this stock.

Kotak Bank (639) Buy at cmp for objective of  649/655  area. Now break above 655  than should lead the stock towards  675  area. Keep stoploss below 628 area. Very positive bias for this stock.

IOC (293) Intimate Buy position in future at 290 area. For an objective of  300/306. Keep Stoploss below 287.

Rel. Capital (324) Buy  future at any decline  rate nr. 320  with stoploss below 316 area for an objective for 335/345 area.  intimate 5 days position.

JSW Steel (685) Buy  future at rate nr. 675 with stoploss below 667 area for an objective for  710/725  intimate 5 days position.

CESC (276) buy at cmp for objective of  285/290  area. Now break above  290  than should lead the stock towards 300  area. Keep stoploss below 270 area. Very positive bias for this stock.

IDFC(144.5) Buy  future at any decline  rate nr. 140 with stoploss below 138 area for an objective for 149/155 area.  intimate 5 days position.

Century Tex.(282.5) Buy  future at rate nr. 279  with stoploss  below 274  area for an objective for  295/310  intimate 5 days position.

Best Buy For April Month -Rel. Capital, IOC, JSW Steel.

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