Tuesday, May 10, 2011

Analysis for 10th May, 2011

Markets did not continue their upward move and remained flat. The crucial figures on the nifty now are 5500 on the downside and 5630 on the upside.

Axis Bank below 1230 stop 1240 sell for 1200
Bharat Forge could move upto 354 keep stop of 340
BPCL buy in dips stop 620
HDFC 670 very crucial
ICICI Bank in dips use 1065 as stop to buy for 1130
JET below 474 stop 480 sell for 460
M&M stop 725 sell in rallies for 685
OBC 340
Syndicate Bank stop 116 sell for 110
Tata Motor below 1168 stop 1180 sell for 1150-1130
Century Tex above 342 stop 338 buy for 350
JSPL Our target of 640 achieved. Now increase stop to 630 and hold for 650
Sesa stop 290 buy for 305

Happy Trading!!!

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