WEEKLY PICS(3-11 TO 6-11-09)

There r many stocks from which i would like to give levels which will be utilised for taking the right sort of position for week ahead.

1. Balrampur Chini(149) Buy only abv 159 with stop at 155 for the tgt of 165-68 & Sell blw 146 with stop at 150 for the tgt of 140-136.

2.TATA MOTORS (565)Buy only abv 566 with stop at 558 for the tgt of 580-85.Sell blw 540 with stop at 548 for the tgt of 525-20.

3.Biocon(247)Buy only abv 266 with stop at 261 for the tgt of 275-280 & Sell blw 248 with stop at 254 for the tgt of 239 -235.

The in-between zone is a sideway zone in which trend would not be that clear in which direction stock will move ahead.So follow the level & place ur position according to it.Also get out of the stock at your comfort zone of profit rathar to wait for the completion of target..For intraday trade for tomorrow one can

1.Buy RELCAP abv 762 with stop at 756 for the tgt of 770-77

2.Buy JSW STEEL abv 758 with stop at 753 for the tgt 766-70.

3.Sell GRASIM blw 2170 with stop at 2196 for the tgt of 2130 to 2125,

4 .I m expecting some sell off in reliance blw 1922 it can go down to1902-1879-1865 considering 1940 to 1962 as resistance & that will perheps bring the market down.expecting 4848 as resistance market in this down trend can go down to 4605-4545 level.so watch ril closely.

Have a good week ahead..Happy trading..........