Wednesday, June 1, 2011

BIG BOSS VIKAS P SAMWATSARE

BIG BOSS
VIKAS PARSHURAM SAMWATSARE 
Intraday Tips for Thursday 2 June


RELIANCE COMMUNICATION
After making a high of 79.40 this stock is moving in an upward trend and made a high of 95. It is now taking support at 88 and resistance at 95. It is looking bullish in the coming trading session if it manages to trade the resistance level of 95 else below 88 it might face more selling pressure.
Resistance2-  98.72, Resistance1-  96.33,  Pivot Point  92.72,
Support1-  90.33,  Support2-  86.72
NTPC
NTPC is in negative trend, today it showed sideways movements and closed almost flat. The stock has support level at 165 and resistance level at 173. In short term it is expected to consolidate with negative biasness and to test its support level.
Resistance2-  179.25,  Resistance1-  177.15,  Pivot Point  173.35, 
Support1-  171.25,  Support2-  167.45
AMBUJA CEMENT
The stock is consolidating and tried to take support at lower levels and is now moving in an up rally. Its next resistance is at 140, crossing of which may take the stock further up.
Resistance2-  147.27,  Resistance1-  145.23,  Pivot Point  141.87,
Support1-  139.83,  Support2-  136.47
TATA MOTORS
The stock is currently consolidating. It now has support at 1055, breach of this level may continue its bearish trend else It may also bounce back from lower support levels.
Resistance2-  1105.57,  Resistance1-  1092.73,  Pivot Point  1084.17,
Support1-  1071.33,  Support2-  1062.77
DLF
The stock is moving in an up rally from last a few trading sessions. One should wait for sometime in the stock as it is expected to consolidate a bit after a sharp a continuous up rally.
Resistance2-  244.22,  Resistance1-  240.58,  Pivot Point  236.92,
Support1-  233.28,  Support2-  229.62


A continuation of upside momentum in coming trading session will be seen. On the upside if indices trade above 18,636/5,600 then indices are likely to test 18,786-18,936/5,650 - 5,700 levels. On the downside, 18,513 - 18,330/5,560 - 5,500 may act as support for the day.



Nifty Futures
Buy Nifty Futures around Rs 5,560-5,570

Target Rs 5,600-5,620

Stop Loss below Rs 5,555.



Bank Nifty Futures

Buy Bank Nifty Futures above Rs 10,985

Target Rs 11,040-11,157

Stop Loss below Rs 10,930




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