Thursday, May 8, 2008

Nifty may take support near 200 DEMA, around 5,020-5000.

Dowjones -206, Nasdaq -45
As per global cues In our Mkt more then 200 gap down opening possible Nifty may take support near 200 DEMA, around 5,025.
Glaxo Smithcline Sell keep Sl 1055 tgt 1025,1012,1000
Abb Sell Keep sl 1100 tgt 1050
Sell Sesa Goa keep SSL 4000.
Buy Rcom 520Rs. Call at 12-15 Rs. Tgt .40.
Today Buy Subex At decline near term tgt 200
ScripName----S1----S2---RS.---R2----R1------Position
Nifty-------5080--5109--5157--5173--5200--Go short below S2
Adlabs-------706----712---717---721---729---Go short below s2
Cent. Text---820---825----829---833---839--Go long above R2,Go short below S2.
DLF---------643---648----651----655---659--Go long above R2,Go short below S2.
Icici Bank---907----912----919----922----929---Go long above R2,Go short below S2
Infosys-----1780---1800--1820---1841---1875--Go long above R2,Go short below S2
J P Asso.---266-----269----275----281---286---Go long above R2,Go short below S2.
Reliance----2631----2649---2682---2707---2730--Go long above R2,Go short below S2.
Rel.Cap----1411---1427----1453---1471---1485---Go long above R2,Go short below S2.
SBI-------1711----1729---1768----1781----1800---Go long above R2,Go short below S2
Tata Steel---805---812----825---829----839----Go Short below S2

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