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Technical Market View

Monday, February 22, 2010

Nifty Futures and Stock picks!

Nifty Future Trading levels


First Resistance lies at 4931, while Support lies at 4846 following 4800 , once broken will see last support levels at 4757. Above 4931 Targets are 5002/9 and 5036 .
Volumes would increase prior to the budget which is around the corner.

Equities (Delivery)

Tata Chemicals with support at Rs.289 and target Rs.320 and above.
GoldStone Infra SL Rs.24 target Rs.30
Glenmark Pharma SL 252 (Delivery)
Jet Airways SL 463.8 Target 530
Noida Toll (Buy Above Rs.37 , with a target of Rs.46)
HPCL (Buy and Hold)
Wyeth Labs Target 775 and Above.
Cat Technology (Delivery)

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