Wednesday, May 11, 2011

Analysis for 11th May, 2011

The levels for nifty remain same downside 5500 and upside 5630.

Auro Pharma above 196 stop 190 buy for 206-210
Axis Bank stop 1242 and target same at 1200
Bharat Forge increase stop to 342 and target remains 354
Bhart 360-370 either side
Canara Bank below 572 stop 585 sell for 540
HCL tech 495-510 either side
HDFC 670 did prove to be crucial as the same was the high and fell by Rs.20.. Downside target remains at 635
Hindalco break of 201.5 will be bad
ICICI Bank keep stop of 1065 and if it breaks then downside 1030
LIC Hsg below 207 sell
M&M reduce stop to 717 and target remains 685
Syndicate Bank target and stop same at 110 with 116 as stop
Sesa increase stop to cost and target remains 305-310

Happy Trading!!!

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