Hold Hindalco; target of Rs 193
Hold Dr Reddys Labs; target of Rs 1567
Buy YES BANK; target of Rs 328
Buy Mcleod Russel; target of Rs 329
Buy BGR Energy; target of Rs 607
Buy VST Tillers; target of Rs 592
L&T has resistance at Rs 1750
Titan has strong support at Rs 208
Accumulate Unichem Labs; target of Rs 171
Tata Steel can test Rs 590
Buy Phoenix Mills; target of Rs 240
Trading Strategies for next Week 27 June 2011
Hindustan Unilever (HUL)
Buy HUL June 320 Call in the range of 5.5-5.8 for target of 11 and stop loss of 2.
Market lot: 1,000
View: Bullish
DLF
Sell DLF June Futures below 212 for target of Rs 205 and stop loss of 216.
Market lot: 1,000
View: Bearish
Buy Sanghvi Movers target price of Rs 153 as against current market price of Rs 115.
Buy Phoenix Mills with a target price of Rs 240 as against current market price (CMP) of Rs 190.
We expect the Nifty to remain volatile in a range of 5,400-5,600. Immediate support for the market is 5,450/5,390 while resistance lies at 5,520/5,600. The Bank Nifty is likely to trade positive above 10,950 for a target of 11,200. The immediate support for the index lies around 10,600.
Stock of the week: Tata Steel
Tata Steel as stock of the week for a target price of Rs 630 - Rs 635 in next 2 - 3 months against current market price (CMP) of Rs 579.source share-market-trading-tips.blogspot.com...
Trade Plan - June 27, 2011
Nifty recovered all of its losses from the close of last week and staged a dramatic recovery from the few closes below 5300 this week to end the week up at 5470. Nifty closes the week with more than 100 points above its last week close. VWAP is 5430. Nifty closes at 5471.
1) Nifty above 5495 is good enough to once again test 5545-5585-5625.
2) Reversal for Monday will now be only below 5445 level for target of 5400-5370.
3) Nifty has closed not just above the 5-EMA average but also closed above all other short term EMAs. Happy weekend. Happy trading! For the latest updates PRESS CTR + D or visit Stock Market news Today
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