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JINDALSTEEL
(Cash NSE)
Buying will be see 331-334.5
Targets intraday 342-345
Suppose to crossover 345 and stay for 10min. then only Targets 349-354 and 362
Suppose to close 332 below… throw your long position…
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ENJOYED HUGE INTRADAY GAIN IN
Nifty fut, Reliance, Rel capital, Icici bank,
OFSS, IDFC and Power Grid.
Torrent Power
160-161 Strong resistance.
Bullish above 154.
Buy with stoploss at 151.
Crossover 161.50 with vol see blast up to 165-167.
IDBI
Bullish above 86
Buy with stoploss below 83.
Expect 87.5-88.35 in intraday
decisive crosssover 88.6 Expect blast up to 91
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Nifty Future
(Updated on 05-09-2012 at 08:10 AM)
As mentioned yesterday Nf has support at 5256 and
resistance at 5310.
NF took U turn from the low of 5258 and then itched up at 5205.
Now for today…
5285-5279 zone is intraday support zone.
If sustaines above 5297 and crossover 5308 then expect
rally up to 5320-5328 which is hurdle zone.
Break below 5272 may drive lower up to 5263-5256.
IF trades below 5251 with sustained volumes then
expect panic selling up to 5238-5228-5210.
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(Cash NSE)
Buyers can be see again 758-761
Don’t keep position if reak 755
Go for targets 767 and 771
Suppose trade 764 above after 3 O’clock… then hold position for targets 777-782 and 801
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NIFTY FUTURE is trading 5275 and HDIL Cash NSE trading 67.5. Market will move in single direction very soon. Nifty Future will take support intraday 5248-5259.
Note: FII is started buying in deep & deep
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INFOSYS
Likely to take support at 2355-2349.
Exit below 2344. Break below 2344 will take it to 2333-2324.
Crossover above 2369-2374 may drive up to 2382 which is
hurdle zone.
Power Grid
Buy at 121-121.50 with
stoploss 120.5 for intraday
Target = 123-124.50
See the power of our projections we made in our Post here
We recommended Bharti Airtel at 244 and rose up to 249
Also advised to sell Axis bank below 990
Axis Bank moved lower up to 974.
Yesterday have you bought OFSS at 3010
which blasted up to 3061.
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