Monday, May 28, 2007

29th May!!!!!

Nifty future opened higher and registered new high but could not retain the gain. For today's trading, crossover of 4275 will lead Nifty future to day's high 4296 and if crossed to the level of 4305. Crossover of 4305 will open next level of 4322. On lower side violation of 4252 will lead to some profit booking. The next level is 4224. Violation of 4218 will lead Nifty future crucial level of 4210. Violation of land mark of 4200 will invite more profit booking. Crucial bottom remains at 4150. Resistance to upward move will be at 4286 and 4312 whereas Support will be at 4245 and 4229

NIFTY FUTURE
CLOSE 4261
R1 4286 R2 4312
S1 4245 S2 4230

TREND

Rangebound

Stocks For Buy/Trading

UNITECH
TGT 625+

BEL
CMP MAY FUTURE 1742.95

GLAXO
CMP MAY FUTURE 1281.65

LUPIN

Nirma
Buy Above 195 for Target1 205 Target2 210 Stoploss 190Sell Below 187 for Target1 184 Target2 181 Stoploss 189
India Infoline
Buy Above 590 for Target1 600 Target2 625 Stoploss 585Sell Below 580 for Target1 571 Target2 565 Stoploss 583
Avaya Global
Buy Above 355 for Target1 366 Target2 371 Stoploss 350Sell Below 347 for Target1 342 Target2 338 Stoploss 350
Cinemax India Ltd
Buy Above 154 for Target1 157 Target2 161 Stoploss 150 Sell Below 148 for Target1 145 Target2 142 Stoploss 150

Happy Trading

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