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Zahid latif--~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---Title: MARKET RECOMMENDATIONS FOR 12TH
MARKET RECOMMENDATIONS FOR 12TH MAY 2009.
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NIFTY(3554)-
Nifty corrected after five days of gain and closed near days
low. Today it faces resistance at 3583 and 3630,a close over 3660
can clear ways for further up move.On the lower side 3500 and 3450
are crucial support areas, close below 3450 is bearish and looks improbable.
This correction is healthy for the market as volume had dried up at higher
levels and lower level may attract new buyers.
AUROPHARMA(297)-
Support at 290 and 280 SL 275.Target 330.
CENTRALBANK(48.3)-
Support at 47 and SL 45.1st target 50, close over this next target can
be 55 and 60.
IDFC(85.75)-
Has resistance at 88 trading over this target can be 96.Support is at 76
and 73 SL is 70.
DLF(227)-
SELL- @ 240 SL 244.Target 220 and 205.
BAJAJHIND(110.65)-
Support at 105 and 103 SL 100. Target 120 and 126.
BPCL(248)-
SELL- 260 SL 267. Target 240.
( ALL SL ON CLOSING BASIS)
