Monday, May 21, 2007

22 ND May 2007!!!!!!!

Hiiii Alll

Nifty Outlook

Nifty future succeeded in crossover of weekly high and closed above it. The rally will continue , however considering position of our indicator intraday correction is very much due. For today's trading crossover of 4272.95 will lead Nifty future to the level of 4288 and if crossed, upward rally will continue inspite of short corrections due to profit booking at higher level. Decisive crossover of 4288 will lead Nifty future to next level of 4306. On lower side violation of 4252 will lead Nifty future to day's bottom of 4238.10 and if tasted, will proceed to the level of 4218. Crucial level is at 4195 and crucial bottom remains at 4117.60. Resistance to upward move will be at 4278 and 4293 whereas Support will be at 4242 and 4223.


NIFTY FUTURE
CLOSE 4263 R1 4278 R2 4293
S1 4243 S2 4223

Stocks
Sobha TGT 1000+
Parsvanath TGT 360+
Essar Oil
IOC TGT 520 525

Calls For the day:-
Fno Calls:-
1.Buy KOTAK BANK May fut Stop loss 572 Traget 582-585
2.Buy COLGATE May fut Stop loss 377 Target 389-393
3.Buy APIL May fut Stop loss 545 Target 560-565

Cash Intraday calls:-
1.Buy NECLIFE Stop loss 151 Target 165-168
2.Buy TATAMOTORS Stop loss 705 Traget 746-752
3.Buy BPCL Stop loss 387 Target 402-405
4.Buy ROLTA Stop loss 448 target 462-464.
5.Buy JSWSTEEL Stop loss 592 taget 618-624.

Stay Tuned

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