Tuesday, May 31, 2011

Analysis for 31st May, 2011

Sorry for the delay of one day. In our last post we had written that 5500 is crucial for the nifty. Once broken nifty dipped to 5320 levels and is again finding it difficult to decisively cross 5500 levels. Most of our stock targets have also been met.

Axis Bank stop 1225 buy for 1270-1300
Bank of India 465 should act as resistance
HDFC stop 660 buy for 680
Hindalco below 191 stop 193 sell for 187-185
ICICI Bank 1096 should act as resistance
IDFC 145 would be the resistance
IOB above 144 stop 140 buy for 148-150
Jet stop 430 buy in dips for 465
LIC Hsg above 233 stop 230 buy for 240-245
M&M stop 675 sell for 645-630
OBC stop 354 sell for 334
DLF stop 238 sell for 215
SEsa Goa above 286 stop 280 buy for 296-300

Happy Trading!!!

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