Markets For 26-05-2008

Nifty Resistance @ 5025,5156 levels ,Support Levels R 4899,4647.
Sensex Resistance @ 17300,17600 levels ,Support R 16608,16372.

4800 LEVEL COULD ACT AS A STRONG SUPPORT FOR THIS WEEK
For a day trader, 4899 act as a strong support area below this heavy panic may seen up to 4850 to 4785 level. it will face resistance @ 4988 and then 5025.

BUY Nifty Targets are 4988, 5025, 5088, 5111 and 5156 SL 4848 OR
SHORT Nifty Around 5000-5020,SL 5080.Tgts : 4920,4899,4850

NIFTY Special Caution: There will be swings of 100-150 pts in Nifty on single days on both sidesTrade in 4900 Put & 5000 Call Till Expiry

Listing of Bajaj Finserv Ltd on 26.05.2008
Bank of Rajasthan to consider Bonus issue in Meeting dated 31.05.2008

New IPO-
NIRAJ CEMENT STRUCTURALS LIMITED , PRCE BAND-175/- TO 190/- ISSUE OPENS 26.05.08 & CLOSES : 30.05.08LOT- 30 SHRS

BAFNA PHARMACEUTICALS LTD , PRICE - 40/- FIX PRICE ISSUE OPENS-27.05.2008 & CLOSES-30.05.2008MINIMUM:150 SHARES

In the grey market, the unofficial premium of Gokul Refoils was quoted around Rs.15-20 and Anus Labs at Rs.18-22.

WATCH: Apollo Tyres plans to invest Rs 2,000 crore in the next 3 years to increase its production capacity both in the country and abroad

Buy NEPC INDIA LTD. at CMP tgt Rs.30 , Time Frame 1 month

Buy-Entertainment Network(India)ENIL:Which operates the radio channel,Radio Mirchi 98.3FM. New stations weighed on profitability in 2007-08.

Hot Scripts for Week (26.05.08 To 30.05.08) :-
BPCL BUY 360.15 S/L 349 TARGET 368.
TATA COM BUY 502.75 S/L 491 TARGET 510
LMW BUY 1651.55 S/L 1623 TARGET 1690
MCDOWELL-N BUY 1619.90 S/L 1588 TARGET 1639.
BOMDYEING 987.10 S/L 969,TARGET 999
Buy NATIONAL ALUMIIUM @525 stoploss 513. TGT 556, 575.
REL CAPITAL: Buy if open in gap down and hold for a week target is 1400+ any decline buy this stock

For Delivery Based Investment Hot Midcaps/Smallcaps for Week (26.05.08 To 30.05.08)
BLUEBIRD,SHALIMAR PAINT,TATA ELXSI,GRAPHITE ,TELEIGHT, HINDUSTAN COPPER,SHRIRAM TRANS,PANASONIC,VAKRANGI, KEW,PSL.
Buy Visa steel on Monday morning at 59 for tgt of 70 in few days.

Weekly Calls-
Short LT 2900 stoploss 2955.TGT 2776,2698.
Sell CAIRN FUTURES BELOW@300 TARGET@240 SL@322
Short DLF @622 stoploss 635,TGT 595,579
GMR INFRA :Below 141 bear will have upper hand. It will slide up to 135 to 132 level. keep a SL of 144 and go short in this stock. Ultimate target 127.
STER :Stock look weak on chart, if trade below 885 then slide up to 867 to 836 level. keep a SL @ 916 and then 934 and go short.

INTRA DAY :
Sell TWL 763-64,SL-772,TGT-746/732
Sell TCS 939/940,SL-950,TGT-915/896
Sell APTECH 241/42,SL-246,TGT-230/224
Sell AXISBK 805/06,SL-815,TGT-785/770
Sell TISCO @ Below 897 target 886-872 to 842.SSL934.
Sell TATATEA @Below 888 Target 870-842 to 784.SSL932

BONG REF, Ashok leyland and GMR INFRA look weak for monday.