Saturday, June 26, 2010

WEEKLY VIEW

Last Week was………………

·         Indices failed to keep the date with 2010 highs and stocks saw some profit booking at the end of the week on global equity weakness. On a Weekly closing basis indices remained flat.

Market Level………………….

·         BSE SENSEX (15757) Support seen @ 17216-17395-17536.  Resistance stands @ 17630-17778-17920.

 

·         NSE NIFTY (5269) Support seen @ 5207-5225-5250. Resistance stands @ 5285-5325-5365.

 

Stock to watch for next Week…………..

STOCK                        SUPPORT                    CMP                 RESISTANCE

HDFCBANK              1875-1912-1945                1948                 1965-1980-2000

HINDALCO                0137-0142-0146                0149                0150-0154-0159

JINDALSTEEL           0615-0629-0640                0643                 0651-0662-0678

L T                            1708-1728-1755                1761                 1785-1839-1885

SESA GOA               0345-0353-0362                0367                 0368-0375-0385

STERLITE IND           0158-0163-0167                0168                 0169-0173-0177

TATA STEEL LTD      0463-0479-0487                 0490                 0496-0505-0515

 

Hot Call for next week…………………

·         JSWSTEEL (1043) STOP LOSS 1005-1025 TARGET 1052-1069-1085

·         ONGC CMP(1264) STOP LOSS 1249 TARGET 1295-1325 . Enter Only above 1275

·         RELIANCE  STOP LOSS 1045  TARGET 1092-1116 . Enter only above 1078

 

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