NIFTY OUTLOOK:-
Nifty may open at higher levels with up side gap.
Nifty manages to stay above 4600 levels, it may continue its upward movement.
If Nifty falls below 4600 and stays there, it may fall and move towards 4540-4515 levels. Nifty fails to move above and stay above 4660-4685 resistance zone, It may surrender its gains and fall to lower levels.
INTRADAY STOCK:-
TATA STEEL :
Sell this stock at higher levels if it fails to move above and stay above 476, 478, 480 for down side targets of , 465, 450.
Keep Stop Loss at 485.
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TARGET ACHIEVED IF YOU SELL AT 476 PER SHARE YOU EARN 13/-
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RELIANCE CAPITAL :
Buy this stock at lower levels or on declines near 1025, 1010 for
targets of 1040, 1065, 1085.
Keep Stop Loss at 995
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TARGET ACHIEVED IF YOU BUY AT 1025 PER SHARE YOU EARN 35/-
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Posted by
Dharmik Patwa
Friday, June 5, 2009
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