Tips for Wednesday, 23-May-2007
NIFTY(spot):If nifty trades above 4281 ,the target is 4293 and 4303.if nifty trades below 4267,short nifty for a target of 4242 and 4230.
RCOM:ALL targets hit above 503 yesterday as written.Now,today
If trades above 527,the target is 535 and 539.the major support is 512.
Buy on dips also.
RELCAPITAL:The support is at 974 and 940,buy on dips.
TATAMOTORS : Yesterday couldnt sustain above 739 and it came back to 724.Now,for shorts the target is 714 and is major support too.below 714 if trades the target is 708.
BHARTI:Yesterday asked to short at higher levels,it dipped first and hit 842,our target was 844 and then rallied in the end.Now,today short it if doesnt trade above 868 for a target of 846 and 838.buy only if trades above 871.
INFOSYS:It was excellent trade yesterday also,all target hit again.Now today,if trades below 1965,the target is 1926.break below 1926,this stock will crack.Buy only if it trades above 1986.
IFCI: if trades below 48.2,short it for a target of 45.5.buy only if trades above 50.6.
ONGC:Now,if trades below 939 today,it will come down to 916 and 910 levels.
TCS:Below 1245,it touched 1221 yesterday.Now today, If TCS trades below 1245,the target is 1215.anyday,any closing below 1214 will make this stock reach 1185 levels.
SATYAM: 447 and 462,trend deciding levels.
Above 462 if trades,just buy and enjoy the ride. And if trades below 447,the target is 441.below 439 if trades,a major crack will come.
SBI:Yesterday asked to short it and below 1344,it came down to 1321.Now,today,short it if trades below 1344 for a target of 1309 and 1286.
TAKE NOTE:
INOX:See our inox,buy call given at 132 with a target of 146 and 152.today,if trades above 139,152 and 155 will hit soon.
SRF:Buy if it trades above 172 with a stoploss of 166 for a target of 177,179 and 185.
BAJAJHIND:If trades below 176,short it with a stoploss of 184,the target is 167 and 163 .
AIR DECCAN:If trades above 141,buy for a target of 151 and 155.short it only if trades below 138 for a target of 131 and 125.