Intraday Tips for today 4 May 2011

Market Trend for Tomorrow

• Buy & hold IOC betwen Rs 351-352 with SL of Rs 345 for target of Rs 367
• Long LT 1600 May CE at Rs 28 with SL of Rs 18 for target of Rs 44, 46.
• Buy and Hold Jubilant Foods at Rs685 with SL of Rs660 for target of Rs720, 740
• Buy & Hold #ONGC at Rs 298-299 with SL of Rs 294.5 for Target of Rs 306

Target achieved in #ONGC

• SIEMENS Buy above 872.5 SL 863.2 Tgt 880.4-884.6-888.8; Sell below 856.1 SL 864.9 Tgt 847.7-843.8-839.

SIEMENS SL 864.9 triggered - given @ 856.1 to sell; (Fut. Loss Rs -2200/Intraday

• INFOSYSTCH Buy above 2945.5 SL 2919.8 Tgt 2979.9-2991.3-3002.7; Sell below 2888.3 SL 2925.6 Tgt 2865.5-2848.3-2831.1

INFOSYSTCH 2nd Target 2848.3 achieved - given @ 2888.3 to sell; (Fut. Profit Rs 5000/Intraday) 

• GRASIM Buy above 2478.8 SL 2460.9 Tgt 2504.4-2512.1-2519.8; Sell below 2437.8 SL 2465.9 Tgt 2422.4-2409.6-2396.8

GRASIM 3rd Target 2396.8 achieved - given @ 2437.8 to sell; (Fut. Profit Rs 5125/Intraday)

• DRREDDY Buy above 1697.1 SL 1680.4 Tgt 1711-1718.6-1726.1; Sell below 1668.1 SL 1683.7 Tgt 1653-1646.1-1639.

DRREDDY 3rd Target 1639.1 achieved - given @ 1668.1 to sell; (Fut. Profit Rs 7250/Intraday

• CIPLA:: Buy above 313.9 SL 311.1 Tgt 317.4-318.7-319.9; Sell below 307.9 SL 311.7 Tgt 305.4-303.7-301.9
• BHEL:: Buy above 2031.2 SL 2016.1 Tgt 2048-2054.6-2061.1; Sell below 2001.3 SL 2020.1 Tgt 1988.2-1979.8-1971.4