24 May 2007

Hiii

Tomorrow Very IMP Day For Market

Nifty future could not crossover level of 4288 and as expected, profit booking at higher level pushed down the future to register bottom of 4228.25. For today's trading, to maintain upward momentum crossover of 4242 is must. Crossover of 4242 will lead Nifty future to 4253 and if crossed, to the next level of 4271. Crossover of 4271 will increase chances of a new high. As already mentioned in this column hurdle is at 4288 and decisive crossover of 4288 will open gate for 4322 . On lower side violation of 4228.25 will lead Nifty future to crucial level of 4200 and if violated to the level of 4183. Technical pause is expected around 4195. Crucial bottom remains at 4117.60. Resistance to upward move will be at 4272 and 4304 whereas Support will be at 4217 and 4196.


CLOSE 4239
R1 4272 R2 4304
S1 4218 S2 4196

Stocks 4 Tomorrow

Reliance Capital TGT 990+ 1010+ (hoTTT)
Reliance Energy TGT 590+ (HOTTTT)

IDEA 125+ b4 expiry

ONGC

BRFL TGT 280+

Stay Tuned

Buy RELIANCE CAPITAL 1020 CALL OPTION TGT 100+(THINK OVER IT)

IDEA 120 CALL TGT 8

IDEA 125 CALL TGT 4

TATA STEEL 640 CALL TGT 35+

1.Buy TATAMOTORS Stop loss 695 Target 725-30-38
2.Buy TATASTEEL Stop loss 653 Target 668-672-675
3.Buy SKFINDIA Stop loss 468 Traget 485-490
4.Buy NDTV Stop loss 398 Target 414-418
Fno Calls:-
1.Buy AMTEK AUTO May Fut Stop loss 394 Traget 408-410
2.Buy ONGC May fut Stop loss 900 Target 915-918-920.
3.Buy AUROPHARMA May fut Stop loss 698 Target 715-720
4.Buy EDUCOMP May fut Stop loss 1893 Target 1945-50-60
Delivery Calls :-
1.Buy REL Near 584 Stop loss 545 Target 600-605 in Short term
2.Buy BIOCON Positional at Near 488 Stop loss 469 Target 498-500-505.