Monday, February 14, 2011

Intraday Share Tips


Nifty FEB Future: (5317) Consider for this week...5285 & 5252 crucial support, up surges will be seen till these support remain intact, keep stop loss of 5175 to your buys.

Upward side expect further up surges to 5360-5371 initially where again selling will be seen. Crossover above 5371 it'll surge up further to 5406 & 5423-5443. Consider 5443 most crucial hurdle to watch out for. In any best case scenario a close above 5443 it'll surge up further to 5508 maximum, sell on higher levels keeping stop loss of 5566 on overall basis.

Downward side break below 5175 it'll fall down to 5125 initially. A close below 5125 it'll crash down to 5068-5045 & 5002.

Bank Nifty FEB Future: (10463) Consider for this week...10569 a nearest resistance crossover above which it'll rush up to 10750-10800, sell on higher levels keeping stop loss of 10874.

Downward side 10273 & 10030 crucial support. Break below 10030 it'll fall down to 9761 & 9554.

JET AIR: (457) Buy considering 452 & 445 solid supports keeping stop loss of 440. Upward side crossover above 468 it'll spurt up to 488-503.

M&M: (668) Buy keeping stop loss of 654. Upward side targets are 682 & 693.

BAJAJ AUTO: (1255) Buy keeping stop loss of 1235. Upward side targets are 1293 & 1338.

HDFC Bank: (2060) Buy keeping stop loss of 2035. Upward side it'll spurt up to 2088 & 2114.
RELIANCE:  Support level of    928 was broken. Look for a possible drop to the next support level 911. A possible down side target 860 still looking to reach, but index looking to reversal side so book the short position here.

TATA MOTORS:  A reversal pattern has been found. It may be wise to exit this trade. The CCI has crossed above -100. Look for rising prices soon.

TATA STEEL : the down side target 599 match on 11-feb, now book the position or maintain short position with stop loss of 641 .

HINDALCO: Support level of    214.8 was broken today. When the monthly S1 ( support level 1 ) is broken - we can look for a possible drop to the monthly S2 ( support level 2).

STERLITE: Maintain short position.  Stop at    175.75 Wave 3 could drop down to    136.75  or to    112.5.
BHARTI AIRTEL: The market closed at 320 at any high, short sell with the stop loss of 340 for the possible target of 306-275 and 256

RCOM:  Wave 3 drop down to  110-89. revised the stop loss to 121. and maintain short position for the target of 69-40.

SBIN: The follow up buying pulled the stock at 2610, and above that stock can touch the 2750 and 2850 also so find buying opportunity for long term the stock in selling mode so book the short position here and sell around 2800.

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