BIG BOSS VIKAS P SAMWATSARE

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Daily review : 20 / 6 / 2011

Nifty (Spot) : If Nifty(spot) trade above 5375 then some upmove in the market upto 5400– 5415 – 5435 - 5450 and if Nifty(spot) trade below 5350 then some profit booking in the market upto 5335 – 5315 - 5300 - 5275

Nifty Future :  If trade above 5412 then some upmove upto 5449 , 5464 Or if trades below 5374 then some down trend upto 5336, 5321

Bank Nifty :  If trade above 10632 then some upmove upto 10683 – 10703 and if trade below 10581 then some down trend upto 10529 – 10509

BHARTIARTL : Buy above 380 SL 375 Targets 386 , 390 Or if trades below 371 Short BHARTIARTL SL 376 Targets 364  , 360

LT : Buy above 1688 SL 1678 Targets 1698 , 1705 Or if trades below 1668 Short LT SL 1679 Targets 1657, 1650

Bullish Stocks for Tomorrow


Indian Oil Corporation Ltd. - Buy above 334.50 and target for 336, 338, 340.

Bajaj Corp Ltd. - Buy above 115.70 and target for 116.70, 118.

Tata Consultancy Ltd. - Buy above 1118 and target for 1126, 1134, 1142.

Tata Steel Ltd. - Buy above 575 and target for 578, 582, 586.

Hindustan Petroleum Corporation Ltd. - Buy above 384 and target for 386, 388, 391.

Bearish Stocks to Buy

Reliance MediaWorks Ltd. - Sell Below 321 and target for 319, 317, 315.

YES Bank Ltd. - Sell Below 281.50 and target for 280, 278, 276.

Sesa Goa Ltd. - Sell Below 271 and target for 270, 268, 266.

Reliance MediaWorks Ltd. - Sell Below 130.30 and target for 129.30, 128.

Hindustan Zinc Ltd. - Sell Below 129.40 and target for 128.30, 127.

The NSE benchmark NIFTY closed -30 points down as investors sold IT stocks on worries that an interest rate hike by the RBI amid deepening Euro debt crisis might derail the global economic recovery.. The S&P CNX Nifty finally closed at 5366.40, down -30.35 points or -0.56 %.

The Nifty futures closed and settled finally at 5372.70 down by -29.70 points or -0.55 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5310 else above resistance level of 5440 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5540 mark. 

SUPPORT: It has first support close to the level of 5310 & below this level the next support is seen near 5230 mark.