Thursday, June 2, 2011

Analysis for 2nd June, 2011

Nifty again the same resistance at 5630-5650.

Ashok Ley increase stop to 50.9
Axis Bank profit booked
Bank of India faced resistance near 465 as mentioned levels and has started correcting
Bharti as expected broke put of the narrow range and moved up. Now with stop of 365 buy in dips for 400
Canara Bank increase stop to 544
Ambuja increase stop to 137 and target remains 146-149
HDFC increase stop to 680
ICICI Bank below 1069 stop 1080 sell for 1050
IOB 148 target achieved. Increase stop to 142 and hold the partial position for 150-156
LIC Hsg finally broke out of 233. Stop 230 buy for 242-252
Lupin below 460 stop 470 sell for 440
Sun Pharma stop 481 sell for 450
Tata Motor below 1070 sell for 1050-1040
Tata Steel exit longs...below 580 sell for 565 with 585 as stop
Century Tex increase stop to 330
Sesa partial profit booked at first target of 296. Increase stop to 290.

Happy Trading!!!

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