Friday, April 29, 2011

Analysis for 29th April, 2011

5690 should not be broken on the nifty.

Axis Bank in rallies use 1390 as stop to sell for 1245. A higher close today please dont take shorts home.
Canara Bank below 636 stop 642 sell for 624
HDFc in dips use 685 as stop to buy
ICICI Bank 1130 continues to be crucial
ITC stop 195 sell for 183
Jet in dips use 455 as stop to buy
Kotak should not close below 430
LIC Hsg 233 continues to be the key resistance level. Made a high close to it yesterday also and then fell. However, in dips 215 should also act as support
LUPIN stop 424 buy for 470
M&M stop 760 buy for 780-800
Mphasis above 475 stop 465 buy for 500. However till 475 is taken out use it as stop to sell for 450
Sun Pharma above 455 buy for 470 with 450 as stop

Happy Trading!!!

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