Markets On 05-08-2008

05-08-2008

Today if Nifty Future cross the level of 4425 then it can go up to the level of 4460, 4505 to 4525 but if Nifty Future goes to break the level of 4385 then it can go below the level of 4360, 4305 to 4205.

Broader Market Still Remains Bullish.
Strong Support @ 4360/4325
Strong Resistance @ 4435/4470 level.

Strong Reversal @ 4400
Target seems to be 4670

NIFTY

Buy ABOVE 4375 SL 4340 T 4405/4435/4470/4495+
Sell BELOW 4335 SL 4365 T 4310/4280

STOCK TO WATCH:
IDBI,RPL,SAIL,TITAN,TTML,INDIABULLS,PNB,HI NDPETRO.
MOST WATCH: IDBI,RPLTTML,SAIL,TITAN.

SHORT TERM DELIVERY:

BUY RNRL ABOVE 107 WITH SL OF 99 TGT 115-130+

BUY RPL ABOVE 176 SL 167 TGT 180-195+. (TIME FRAME 1 MONTH)

Buy Delivery ADHUNIK @ 121,Tgt 140

STOCK ALERT: Suzlon seems to have bottomed out for the short term,buying the stock close to Rs 215.targets of Rs 275 and Rs 320 in 1-2 mth

ALERT:

CHAMBAL NOT MOVE ABV 84, ESSAROIL NOT MOVE ABV 247, BATA NOT MOVE AB 173, (FEW DAYS TREND).

STOCK ALERT: IF R.COM BREAK 410 IN CASH, THEN IT WILL GO TO 380. SO ALERT THIS STOCK

Intraday Target:-

Sell ASIANPAINT Below @ 1223 Target 1187-1149 to 1130.

Sell BOB Below @ 275 Target 262-248 to 240.

Sell BPCL Below @ 326 Target 317-306 to 301.

Sell CMC Below @ 506 Target 487-466 to 456.

Sell GAIL Below @ 385 Target 373-361 to 355.

Sell HDFCBANK Below @ 1105 Target 1065-1022 to 1000.

Sell ICICIBANK Below @ 637 Target 608-576 to 560.

Sell IFCI Below @ 50 Target 47-43 to 42.

Sell ONGC Below @ 979 Target 945-909 to 891.

Sell RCOM Below @ 436 Target 421-405 to 396.

Sell Wipro Below @ 429 Target 410-390 to 379.

Buy TISCO Above @ 693 Target 707-720 to 753.

Buy TATAMOTOR Above @ 399 Target 404-410 to 424.

Buy POLARIS Above @ 104 Target 107-110 to 118.

Buy BHARTIARTL Above @ 820 Target 828-838 to 860.

Buy HPCL ABV 229 SL 226 T 242.

Buy ACC ABV 588 SL 580 T 605.

Buy SBI ABV 1515 SL 1495 T 1565

RELCAP(FUT) BUY ABOVE 1340 SL 1310 TGT 1356,1408
RCOM(F) BUY above 439 SL 435,TGT 445,452
AXIS BANK(FUT) BUY ABOVE 682 SL 660 TGT 695, 736
UNITECH(FUT) BUY ABOVE 168 SL 163 TGT 170/78
PRAJIND(FUT) BUY ABOVE 188 SL 183 TGT 195

Buy IKF TECH above 6.75 sl 6.40 tgt 6.90-7.20-8.

Buy BAGFILM above 36.30 sl 31 tgt 40-44-50.

Buy KIL above 30.50 sl 28 tgt 32-33.40-35.

Buy OSWALCHEM above 30.50 sl 26 tgt 32-34.50-36.

Positional :

Vijaya Bank : Buy and Hold August Futures in Truck Load.Keep Strict Stop Loss of 36 or Below
on Closing Basis (Lot Size : 3450 ) ,Target 45;

Buy IFCI TGT 55+ ( Buy in truck load)

Buy RPL Aug 185 Call around 5.70, Target 9, Time-Frame:3-4 Days

Buy IKF TECH above 6.75 sl 6.40 tgt 6.90-7.20-8.

Buy BAGFILM above 36.30 sl 31 tgt 40-44-50.

Buy KIL above 30.50 sl 28 tgt 32-33.40-35.

Buy OSWALCHEM above 30.50 sl 26 tgt 32-34.50-36.