Date: May 1, 2011 Traders Zone

VIEW ON NIFTY:
NIFTY CLOSED AT 5749.50.NIFTY CORRECTED 135 POINTS FROM
PREVIOUS WEEK CLOSING i.e. 5884.70. NIFTY CLOSED JUST
ABOVE 200DMA i.e.5747.WEEKLY TREND DECIDER 5787 NIFTY
RESISTANCE: 5809,5836,5910-5950
SUPPORT: 5700, 5675, 5643.
POINTS TO BE NOTED:
1.IF NIFTY CLOSE BELOW 5700 THEN WE CAN SEE MORE
DOWNSIDE.
2.TO RESUME UPTREND NIFTY NEED TO CLOSE ABOVE 5950.
NIFTY FUTURE:
NIFTY FUTURE CLOSED AT 5753.80. NIFTY FUTURE CLOSED JUST
BELOW 200DMA i.e. 5759.
NIFTY FUTURE WEEKLY TREND DECIDER: 5800
STRATEGY TO TRADE NIFTY FUTURE::
SELL BELOW 5700 TARGET 5686,5663,5650,5637 STOP 5754 BY
CLOSING OR BUY NEAR 5700 STOP 5685 BY CLOSING TARGET
5780, 5820,5850.
NIFTY FUTURE TO TRADE ON MONDAY:
BUY ABOVE :5783 TARGET:5811,5834,5858 OR SELL BELOW:
5725 TGT 5701,5673,5649

STOCK WATCH:
INFOSYS: BUY NEAR 2880 STOP 2880 TGT 2965 IF INFOSYS
CLOSE BELOW 2880 THEN WE CAN SEE MORE DOWNSIDE IN
INFOSYS.
RELIANCE IND: BUY RELAINCE IND ABV 988 TGT 995-1010 STOP
983 BY CLOSING. WEEKLY TREND DECIDER 992.
RELIANCE INFRA: BUY ABV 664 TGT 671,680
TATA STEEL: BUY NEAR 608 STOP 608 BY CLOSING TGT 620-
625.
WIPRO: BUY NEAR 440 STOP 440 BY CLOSING OR BUY ABV 455
TGT 458-462.
COROMONDAL INT: BUY ABV 331.50 TGT 335,339 STOP 328 BY
CLOSING OR BUY NEAR 320 STOP 316 BY CLOSING.
EDUCOMP: BUY ABV 484 TGT 489,492 STOP 468 OR 477 BY
CLOSING.
EXIDE: CLOSED ABOVE 200DMA FOOR TWO CONSECUTIVE DAYS.
BUY EXIDE STOP 149 BY CLOSING.
PFC: BUY PFC ABV 235 TGT 237-240 OR BUY NEAR 225-226
LEVEL STOP 220.