Wednesday, June 4, 2008

New Listing Gokul & Anu Nifty support 4640 Resistance 4760

Today 2 New Listing
Gokul Refoils :-At 195 look atractive compare to other Peer company. You can see listing near 225.
Anu Lab :- Small cap IPO YOu. YOu can see good listing gain. YOu can see good interest in Retails and HNI category. It can list near 250-275.
Dowjones -103, Nasdaq -11
Nifty made a low of 4,634 and bounce back from this level. So Nifty Make a support at this level. The Sensex on the daily chart has formed an inside- day pattern, which indicates the uncertainty prevailing in the market. Nifty have a resistance near 4,765. The market breadth was once again dominated by bears.
In this 2,3 days govt. will decided to hike rate in petroleum product so positive for oil company stocks and negative for Auto stocks & mkt.
Hexaware Buy in today decline SL 60 tgt 63, 65
Buy Ultratech Cement SL 639 tgt 650, 658,666
IBReal Estate above 444 tgt 455,464
IBsec KEEP SL 100
Sell Dr ready 700 tgt 685,677,666
Sell ABB Keep SL 1003 tgt 980,973

ScripName--S1----S2----RS.----R2----R1----Position
Nifty------4641--4679--4706--4731--4775--Go long above R2,Go short below S2.
Adlabs------592---599---607---613---623--Go long above R2,Go short below S2.
Cent. Text--650---660---669---675---685--Go long above R2,Go short below S2.
DLF---------567---573---582---587---596--Go long above R2,Go short below S2.
Icici Bank----740---749---760---767---777--Go long above R2,Go short below S2
Infosys-----1881--1899--1923--1931--1954--Go long above R2,Go short below S2
J P Asso.-----201---204---206---208---210--Go long above R2,Go short below S2
Reliance-----2359--2389--2407--2427--2450--Go long above R2
Rel.Cap------1079--1096--1117--1131--1149--Go long above R2,Go short below S2.
SBI----------1350--1365--1385--1407--1431--Go long above R2,Go short below S2
Tata Steel-----844---853---862----867---880--Go short below S2.

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