3RD JUNE 2010 SO 4965 HELD ON CLOSING BASIS

 MARKET AGAIN MOVING AS PER OUR LEVEL ON 1ST JUNE WE SAID THAT MKT IS WEAK IF NIFTY SPOT CLOSES BELOW 4965 THAT SAVED AND REBOUNDED.

NOW WHAT NEXT, SIMPLY GO WITH THE LEVELS AND MASTER THE MARKET.

NIFTY SPOT RESISTANCE 5096

STOCKS TO WATCH ARE:

RCOM: GIVEN ON 1ST JUNE AS BUY AND DID WELL SINCE THEN NOW BOOK PROFIT OR MODIFY TSL TO 142 CLOSING BASIS

RCAP: THIS IS ALSO GIVEN ON 1ST JUNE WITH SL 632 NOW MODIFY SL TO 638 ON CLOSING BASIS.

RELIANCE IS A BUY

SBIN SL 2190 ON CLOSING BASIS STAY LONG

UNITECH CAN DO WELL

DLF IS A PORTFOLIO STOCK

1ST JUNE 2010: LONG OR SORT ?

WHERE MARKET IS HEADING?

TOWARDS 5310 OR 4810 ?

WE ARE ALREADY 300 POINTS UP FROM RECENT LOWS OF LAST WEEK. NOW QUESTION IS WILL MARKET TAKE REST HERE OR WILL CONTINUE THIS RALLY?

FEW STOCKS SUGGESTING THAT MARKET WILL CONTINUE RALLY.BUT FOR THIS WE WILL REMAIN STICK TO OUR LEVELS. NIFTY WILL BE MORE GOOD IF ONCE CLOSES ABOVE 5132 AND WEAK IF CLOSES BELOW 4965. BUT I AM STILL WITH A TARGET OF 5220 TILL WE ARE CLOSING ABOVE 5038.

NIFTY SPOT RESISTANCE: R1= 5112  R2= 5132

ONGC GOOD TILL CLOSING ABOVE 1125

RIL WILL BE MORE GOOD IF CLOSES ABOVE 1062

SBIN GOOD TILL CLOSING ABOVE 2225

HINDALCO TSL 144

TISCO SL 480

UNITECH BUY IN DIPS

RELCAPITAL TSL 632

RCOM IS A BUY

PUNJLLOYD IS A BUY ON DIPS