Nifty Futures Weekly Close above 4300 will lead to Upward Breakout
Nifty Futures (May) opened with 32 points upward gap at 4275 and again the level of 4293 acted as strong resistance. The intraday downward correction formed the bottom at 4263.25 and in the closing session, a strong 35 points rally was seen up to 4298. The difference between May & June Nifty Futures is 15 points as Nifty Futures June is closed at 4280. The level of 4300 is showing a strong resistance and weekly close above this level will help Nifty Futures (June) for uptrend continuation. The intraday support levels are at 4250 and 4220 respectively.
Positional Call : Buy nifty fut at opg bell tg cmp 4277 tg 4350 & 4400
Positional call : Buy bharti abv 855 cmp 850 tg 900+
Positional call : Buy Dchl cmp 210 tg 230
Positional call : Buy India Bulls Fin abv 540 sl 510 tg 600+
Continue jet airways for tg 800+ & Rolta for tg 500+
Yesterdays call again Reliance pack will outperform again
Good Day , Happy Investing
Intra day buy hcl info abv 163 sl 160 tg 170
New expected scrips in futures & options are whose listing dates are not yet fixed :
1. Apollo tyre
2. Asian Paints
3. Aventis Pharma
4. Biocon
5. Cadila Healthcare
6. Container Corp.
7. IBP
8. Ing Vysya Bank
9. Ingersol Rand
10. Nirma
11. Pfizer
12. Punjab Tractors
13. Raymond
14. Tech Mahindra
Positioncal call : Buy moser baer abv 440 sl 430 tg 460-465 & 480
morning call dchl locked at 221
Intra day Hcl Info tg 170 achieved
Positional call : Buy Fsl Abv 84 sl 80 tg 92
Banking moving up b4 inflation figures. Inflation expected to be around 5.10 to 5.15 which would be 9 month low , Top pics in banks are Sbi, Icici Bank , Hdfc Bank Kotak Bank & Uti Bank ( refer 2 days back calls on banking sector )
Investment buy IT stocks infyosys , tcs, tech mahindra
Buy kotak bank abv 578 sl 570 tg 590 & 600 intra day
Kotak bank tg 590 achieved
USE RALLIES TO BOOK PROFITS & EXIT MARKETS. MORE ARTICLES ON THIS WILL FOLLOW LATER THIS WEEK END. THIS IS MAINLY FOR SMALL INVESTORS & RETAILERS WHO HAVE NO GUIDANCE ABOUT MARKETS. THIS IS A PRE MATURED CALL. THE TIME WIL SAY MORE.
EKC ABV 1140 , MTNL ABV 162 & NAUKRI ABV 830 GOOD WITH 1 WEEK + VIEW , USE STRICT STOP LOSS AS WE ARE NOT CONVICED WITH MARKETS.
