Monday, May 12, 2014

NIFTY TIPS AND STOCK CALLS

Nifty didn't break 6650 and witnessed a sharp bounce back on Friday. After Friday's move we revise our short term target to 7100 from 6950. However, on the downside, 6650 remains a key support level for short term. Thus any correction is a good buying opportunity with stop-loss of 6650.

NIFTY LEVELS TODAY

Support 1 : 6716
Support 2 : 6574
Resistance 1 : 6936

NIFTY CALLS

Resistance 2 : 7013
Buy Nifty Above 6870 SL 6814 TGT 6950
Sell Nifty Below 6750 SL 6781 TGT 6690

STOCK TIPSSTOCK TIPS

Buy IBREALEST @ 63.80 SL: 61.30 TGT: 68
Buy PNB @ 818.75 SL: 803 TGT: 845


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