|

The sideways mode was finally
resolved in favor as RIL led the Nifty above 5200. RIL was up around 4% on good
volumes and this kind of move has been witnessed after a long time. As
mentioned in our previous newsletters also, it does look that RIL could be
preparing for a big up move and perhaps that move might have just kicked in. RIL was well supported by other heavyweights like Tata Steel, Tata
Motors, Infosys, L&T and
Nifty gave a clear breakout above 5150 and met its first target of 5220 within a span of 60-90 minutes. Nifty could head towards 5280-5300 in coming days and support now shifts upwards to 5135-5150. Steel stocks have gained momentum and more upside is likely in JSW Steel and Tata Steel. Idea is again attempting a breakout and could move to around 72-73 in coming days. Positive breakouts are also seen in Ind Hotels, Ashok Leyland, BPCL, Videocon (above 234) and GE Shipping.

LOW RISK / LOW RETURN
NOTE : IN CASES WHERE CASH LEVELS ARE GIVEN, BUY/SELL FUTURES WHEN THE
CASH PRICE CROSSES THE BUY ABOVE/SELL BELOW LEVEL IN CASH
|
SCRIP |
STRATEGY |
S. LOSS |
TARGET |
HOLDING PERIOD |
REL CAP CASH
|
BUY
ABOVE Rs.801 |
789 |
811/820 |
1-2
DAYS |
|
BUY
ABOVE Rs.123 |
118 |
127/129/133 |
5-6
DAYS |
OPTO CIRCUIT CASH
|
BUY
ABOVE Rs.226 |
218 |
231/235/242 |
6-7
DAYS |
JINDAL SAW CASH
|
BUY
ABOVE Rs.216 |
207 |
223/232/237 |
5-6
DAYS |
INDIAN HOTEL CASH
|
BUY
ABOVE Rs.100 |
96.50 |
103/107 |
3-4
DAYS |

MEDIUM RISK / MEDIUM RETURN
NOTE : IN CASES WHERE CASH LEVELS ARE GIVEN, BUY/SELL FUTURES WHEN THE
CASH PRICE CROSSES THE BUY ABOVE/SELL BELOW LEVEL IN CASH
CAIRN ( CASH – Rs.281.40) : The stock has closed on a strong note and has given strong indications of a big upmove. Buying is advised above Rs.283 for a target of Rs.286 and Rs.292. Higher target of Rs.295-296 is also possible. Stop Loss of Rs.273 should be kept.
|
FUTURES |
LTP |
S1 |
S2 |
S3 |
R1 |
R2 |
R3 |
STRATEGY |
|
NIFTY FUT |
5207.5 |
5174 |
5148 |
5125 |
5240 |
5278 |
5310 |
Buy Supports
|
|
BANK NIFTY |
9067 |
9030 |
8990 |
9145 |
9177 |
9210 |
Buy above R1
|
|
|
CNXIT |
6102 |
6065 |
6030 |
5990 |
6139 |
6180 |
6225 |
Trade both sides
|
|
Disclaimer: The recommendations made herein do not
constitute an offer to sell or a solicitation to buy any of the securities
mentioned. Readers using the information contained herein are solely
responsible for their actions. The information and views contained herein are
believed to be reliable but no responsibility or liability is accepted for
errors of fact or opinion. Editors may or may not have trading or investment
positions in the securities mentioned herein. |
