Friday, May 6, 2011

F&O VIEWS


DR.REDDY:

THIS STOCK IS UNABLE TO PASS ITS RESISTANCE OF 1620 & FACING HEAVY PRESSURE BELOW 1610,

CURRENT MARKET PRICE STANDS @1588, IF IT BREAKE THE LEVEL OF 1575, THEN YOU MAY SEE THIS SCRIPT MELTING TOWARD 1500-1475.

FOR INTRADAY & POSITIONAL WE ARE VERY MUCH NEGATIVE ON THIS TOCK BELOW 1620 LEVEL.


BHUSHAN STEEL: IS TRADING IN WEAK PATTERN, IF MARKET SHOWS SMALL CORRECTION, WE ARE EXPECTING THIS STOCK MAY BREAKE 450-440 LEVEL IN COMING DAYS, OR IT CAN EVEN HAPPEN IN INTRADAY, CURRENT PRICE STANDS @460.