Tuesday, May 4, 2010
17340 & 5198 solid supports to watch out for. BSE index: (17386) 17339 a solid supports if it remains intact then buying will underway. Upward side expect initial up surges to 17477-17504 & 17576. Crossover above 17576 it'll sustain on higher levels & flare up to 17655 & 17700. Nifty Future: (5218) 5198 a solid support if it remains intact then buying will underway. Upward side expect up surges to 5235 & 5263 initially. Crossover above 5263 it'll sustain on higher levels & flare up to 5272, 5288 & 5314. DENA Bank: TATA MOTORS: M&M:
Stock specific approach advisable.
Downward side break below 17339 it'll turn weak & fall down to 17271-17239 & 17186-17116, cover shorts on lower levels & buy fresh keeping stop loss of 17075.
Downward side break below 5198 it'll turn very weak & fall down to 5183-5176 & thereafter to 5159, 5133 & 5102.
(87.25) Just grab current futures at an opening bell considering 86 a solid support keeping stop loss of 84.
All set to shoot up to 94 & 99 in hours only.
(856) 847 a solid support if it remains intact then heavy buying will be seen. Watch out for hurdles at 872 & 883. Crossover above 883 huge up move will be seen.
MARUTI:
(1283) 1265 & 1310 crucial trend deciders.
(526) Keep stop loss of 519 & buy.
BOB:
(708) Looks good for 717-722.
CAN Bank:
(429) Crossover above 436 rocket like up move will be seen.
ANDHRA Bank:
(131) Buy on declines. Crossover above 134 huge up move will be seen.
VIJAYA Bank:
(56) Buy. Expect 57.50 & 60.
HDFC Bank & FED Bank:
Buy. Crossover above 1996 & 296 huge up move will be seen.
IDFC:
(168) Crossover above 172 rocket like up move will be seen.
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