Nifty has some resistance at 5,600 levels and on downside support is at 5,440-5,400 levels. For daily purpose, the trend deciding level is at 5,530. If Nifty shows strength above 5,530 levels, then rally to 5,600/5,650/5,700 levels may be seen. If Nifty does not show strength above 5,530 levels then selling pressure till 5,480/5,440/5,400 may also be seen.
Nifty Futures
Buy Nifty Futures around Rs 5,445 for target of Rs 5,577-5,600 and stop loss of below Rs 5,514.
Bank Nifty Futures
Buy Bank Nifty Futures above Rs 11,090 for target of Rs 11,160-11,210 and stop loss below of Rs 11,030.
Bank Of India
Buy Bank of India around Rs 418 with target of Rs 424-427 and stop loss of below Rs 414.
Accumulate on Berger Paints with a target price of Rs 109 as against the current market price (CMP) of Rs 100.
Buy Titan at Rs 205-207 levels.
Accumulate Indian Oil Corporation (IOC)
Hold Mahindra Satyam
Nifty Futures
Buy Nifty Futures around Rs 5,445 for target of Rs 5,577-5,600 and stop loss of below Rs 5,514.
Bank Nifty Futures
Buy Bank Nifty Futures above Rs 11,090 for target of Rs 11,160-11,210 and stop loss below of Rs 11,030.
Bank Of India
Buy Bank of India around Rs 418 with target of Rs 424-427 and stop loss of below Rs 414.
Accumulate on Berger Paints with a target price of Rs 109 as against the current market price (CMP) of Rs 100.
Buy Titan at Rs 205-207 levels.
Accumulate Indian Oil Corporation (IOC)
Hold Mahindra Satyam
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