Thursday, June 16, 2011

Analysis for 17th June, 2011

We are now below 5400.

Apollo Tyres our 2nd target of 78 nearly reached with high being made of 77.25...Book profit in the partial still open.
BPCL stop 620 buy for 640-655
Bharti below 367 stop 372 sell for 360-355
Cipla stop remains 320 for buying in dips
HDFc keep stop 660 for the partial positions still open and book profits.
HIndalco 171 did hold. stop 170 buy for 180-185
ICICI Bank profits booked in shorts. In rallies use 1055 as stop to again short
IDBI stop 127 buy for 133
IDFC in dips use 115 as stop to buy for 125-130
IOB above 148 stop 144 buy for 156
Jet 430 is a good support. Use it as stop to buy in dips for 455-460
LIC Hsg stop 221 buy for 235
Mphasis below 450 stop 455 sell for 440-430
Reliance use 860 as stop to buy in dips
TCS sell below 1145 with 1155 as stop for 1120
Century tex keep stop of 350 and hold for 380
HDIl stop 165 buy in dips for 200
Punj stop 64 buy in dips for 78

Happy Trading!!!

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