Weekly Target (20th May to 24th May2013)

Written By Unknown on Sunday, May 19, 2013 | 1:45 AM


Nifty Future- (6195) on the way up key a Major resistance at 6245  Closing above  6245  tham  nifty lead to 6290/6310 area.  below 6140 strong support at 60073.  do not short at near lower level.

NTPC(160.5)  Buy at decline at 157  for objective of  168/175  area. break above 175  than should lead the stock towards 183 area. Keep stop below 152 area. Very positive bias for this stock.

Rel. Capital. (375)  Buy at cmp for objective of  395/402  area. Now break above 402  than should lead the stock towards  410/420  area. Keep stoploss below 366 area. Very positive bias for this stock.

REC (245) Intimate Buy position in future at 240 area. For an objective of  258/270. Keep Stoploss below 238.

Infosys (2335) Buy  future at any decline  rate nr. 2305  with stoploss below 2281 area for an objective for 2375/2425 area.  intimate 5 days position.

Hind Zinc (122)
Buy  future at rate nr. 120 with stoploss below 117 area for an objective for  130/134  intimate 5 days position.

LIC(273)  buy at cmp for objective of  285/290 area. Now break above  290  than should lead the stock towards 305  area. Keep stoploss below 267 area. Very positive bias for this stock.

DLF (250) Buy  future at any decline  rate nr. 245 with stoploss below 238 area for an objective for 262/268 area.  intimate 5 days position.

Ranbaxy (473) Buy  future at rate nr. 470  with stoploss  below 466 area for an objective for  487/494  intimate 5 days position.

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