Tuesday, June 7, 2011

Analysis for 8th June, 2011

Nifty is seen positive and 5650 appears to be the upper band.

Apollo Tyres stop 70 buy for 75-78
Auro Pharma stop 179 buy for 188
Axis same
BOI above 430 stop 425 buy for 440
Canara same
Cipla book profit
GeShip book profit. However in case 290 is broken during the opening moves then reduce stop to 295 and hold on to shorts
Hindalco above 188.5 stop 185 buy for 195
ICICI Bank again buy only above 1064
IDFc again buy only above 138
JP stop 82 buy for 88
KOtak hold for 460 and book profits in rallies
Ranbaxy above 545 stop 540 buy for 555
Tata Motor hold
Tata Steel heading to 595-600
DLF target remains 250
HDIL target achieved
JSPL stop 625 buy for 660
JSW STeel stop 926 buy for 980

Happy Trading!!!

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