Tuesday, January 4, 2011

NIFTY may be range bound between 6120 to 6200

Yesterday, on NIFTY(CMP- 6157.6) 6178.55 acted as strong resistance,so tomorrow it should cross this level and should make an attempt to cross 6200.Now on downside 6147 and 6120 should act as support.For this I would like to recommend......
1.) TATA STEEL (CMP-704.05) - Buy for a target of  727 with a STL of  685.
2.) SAIL (CMP-187.95) - Buy for a target of 192-195 with a STL of 185.70.
3.) SIEMENS (CMP- 829.75) - Buy for target of 841 and 850 with a STL of 820.
4.) J B CHEMICALS & PHARMACEUTICALS (CMP-145.3) - Buy for a target of  150 with a STL of 143.7 .
5.) APTECH (CMP- 138.2) - Buy for a target of 145 with a 135.9 .

ENJOY Trading
http://www.derivatestrategy.blogspot.com

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