Monday, April 11, 2011

Intraday Share Trading


BSE index: (19451) Consider for this week...19537-19600 a nearest & 19700 a crucial resistance up to which selling on higher levels will be seen, keep stop loss of 19908 to your overall shorts. Downward side it'll fall down to 19367-19329, 19262 & 19146-19093. A close below 19093 panic selling will drag it down further to 18801.

Upward side a close above 19908 it'll turn positive & spurt up to 20073 & 20234.
Intraday Nifty Stock April Future: (5855) 5880-5897 a nearest & 5927 a solid resistance up to which selling on higher levels will be seen, keep stop loss of 5991 to your overall shorts.

Downward side it'll fall down to 5825, 5798-5790, 5771 & 5734 initially. A close below 5734 panic selling will drag it down further to 5664.

Upward side a close above 5991 it'll turn positive & spurt up to 6058 & 6111.

ABG SHIP: (393) 388 & 380 solid supports, keep sl of 371 & buy on declines. Expect 421 & 440-449.

JET AIR:
(467) 465 & 456 solid supports if they remain intact then buying will underway, keep stop loss of 453 to your buys. Upward side crossover above 487 it'll spurt up heavily.
Downward side break below 453 it'll turn weak & fall down to 429 & 413.

APOLLO TYRES:
(66.50) Sell considering 69 a solid resistance keeping stop loss of 71. Downward side it'll fall down to 60.

SCI:
(115) 113 & 110.50 solid supports, keep sl of 107 & buy on declines.

TATA MOTORS:
(1255) Sell considering 1275-1287 a solid resistance keeping stop loss of 1302. Downward side it'll fall down to 1194 & 1169. Upward side a close above 1302 it'll turn positive & spurt up to 1327 & 1409.

M&M:
(728) Break below 720 it'll fall down to 703, 692 & 675. Upward side 741 & 750 solid resistances, keep stop loss of 750 to your shorts.
A close above 750 it'll turn positive & surge up to 771 & thereafter to 798.

AXIS Bank:
(1451) 1464 a solid resistance if it remains intact then expect it to fall down to 1365 & 1341. Upward side a close above 1464 it'll spurt up to 1486, 1511 & 1552.

ABAN OFF:
(695) Buy considering 688 a crucial support keeping stop loss of 675. Upward side it'll spurt up to 738. Downward side a close below 675 it'll fall down to 663 & 630.

INFOSYS:
(3227) 3270-3293 & 3309 crucial resistance if they remain intact then expect it to fall down to 3100. Upward side a close above 3309 it'll turn positive & spurt up to 3388 & 3444.

TECH MAH:
(741) Buy considering 720-718 a solid support keeping stop loss of 708. Upward side crossover above 760 it'll shoot up to 801 & 825.

CHAMBAL FERT:
(85) 83.50 a solid support, keep stop loss of 81 to your buys. Upward side expect 93 initially which is a most crucial resistance to watch out for. A close above 93 it'll spurt up further to 100 & 105.

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