Friday, June 3, 2011

Analysis for 3rd June, 2011

Nifty opened gap down and some of the longs got stopped.

Ashok Ley 52.7 target achieved. For the partial positions still left keep the stop at 50.9 and target will be 55.5
Axis Bank stop 1250 buy for 1315
BPCL stuck in a range 624-640. Play either side
BHarti same as yesterday's post
HDFC 2 days same low of 676 so becomes crucial
ICICI Bank 1050 achieved. Can hold the partial positions for 1050 with 1060 as stop
IOB same as yesterday's post
LIC Hsg keep stop of 228 for 242-252
LUPIN hold for 440
Sun Pahrma 465-481....Either side
Syndicate Bank above 119 stop 118 buy for 121
Tata Motor all targets achieved. Break of 1038 will take it to 1010-990
Tata Steel reduce stop to 580 and hold for 565. However above 580 buy for 600 with 570 as stop
Tata Comm above 235 buy for 250-265 with 220 as stop
DLF stop 230 buy for 250
Yes Bank stop 296 sell for 280-275

Happy Trading!!!

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