Monday, June 6, 2011

Analysis for 7th June, 2011

Nifty looks set for an upward movement again though 5650 will continue to act as resistance.

ACC same target of 1100 remains
Ashok Ley partial positions left got stopped
BPCL book profits close to 600 and reduce stop to 615 so that profits remain intact
Bharti target remains 400
Bhel use 1890 as stop to buy for 1950-1970
Canara Bank above 533 stop 528 buy for 546
Cipla stop 324 buy for 343
GEShip target remains 280. Reduce stop to 300
HDFC exit shorts
ICICI Bank above 1064 stop 1056 buy for 1080-1090
IDFC above 138 stop 135 buy for 145
KOtak Bank stop 430 buy for 460
LIC Hsg exit shorts
Lupin book profits
OBC stop 348 buy for 360
Tata Motor above 1032 stop 1010 buy for 1070
DLF target remains 250 stop 228
HDIL stop 165 buy for 180

Happy Trading!!!

No comments:

Post a Comment