Tuesday, May 6, 2008

As per Global Cues mkt face Gap down opening

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Dowjones -88, Nasdaq –13
As per global cues in mkt gapdown opening 100-150 point possible.
Nifty will have a fine support of 40 HEMA, which is at 5,151. Below that Nifty can go down up to 5100.
Nifty can go down up to 5160, 5125,5100
DLF Go short and SL 700 tgt 680,665,650
CESC Go short tgt 460,450
Century Txt Go short tgt 800
Educomp Solution Keep SSL 4000 tgt 3950, 3900…………..3750
Aban Offshore Keep SSL 3500 tgt 3400,3350,3300
At Decline
Buy CONCOR at decline SSL 850 tgt 900
Buy Lokesh Machine at Decline SSL 75 tgt 90
Acc buy at decline near 700
Buy Birla Corporation it can go up to 225
Toorrent Pharma look atractive
ScripName----S1----S2----RS.----R1----R2----Position
Nifty--------5080--5175--5205--5215--5260---Go short below S2
Adlabs-------747----761----770---776----783---Go short below s2
Cent. Text----826---837---842---856----865---Go long above R2,Go short below S2.
DLF---------686----699----705----715---740---Go long above R2,Go short below S2.
Icici Bank---905----923---933-----942----959---long above R2,Go short below S2
Infosys-----1750--1769----1789---1809---1840---Go long above R2,Go short below S2
J P Asso.----272----282----287---291--299-------o long above R2,Go short below S2.
Reliance---2635----2658---2666----2707---2735-Go long above R2,Go short below S2.

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