19 April 2010 Morning Market Updates

19 April 2010 Morning Market Updates  08:50
Gap down opening is expected.Nifty has important support at 5165.As per our recommendation, cover Nifty shorts around 5165.
Recommendations :
Buy Mphasis sl 655 Target 674


Buy Sesagoa sl 466 Target 485
Sell Aban Below 1217 sl 1227 Target 1206
Sell ICICIBank sl 933 Target 911
Sell Canbk sl 402 Target 393
Sell Crompgreav sl 266 Target 258
Sell LT sl 1580 Target 1552
Sell NTPC Below 206 sl 208 Target 203
Sell Andhrabank Below 111 sl 113 Target 109
Sell Bajaj-auto Below 2033 sl 2053 Target 2001
Sell Glenmark Below 268 sl 273 Target 259
Sell HDIL Below 295 sl 298 Target 292
Sell Videoind Below 236 sl 238 Target 232
Sell IVRCLInfra Below 170 sl 172 Target 166
Sell Jaicorpltd Below 274 sl 278 Target 268
Sell RIIL Below 861 sl 869 Target 850
Hold short Nifty Apr. Fut Ref.13/04 Trail sl 5240 Target 5165
Hold short Relcapital Ref.15/04 Trail sl 765 Target 745
Hold short Reliance Ref.16/04 Trail sl 1094 Target 1052
Hold short SBIN Ref.16/04 Trail sl 2055 Target
Hold short Yesbank Trail sl 251 Target 243
Cover short in BankNifty Fut. Ref.13/04around 5235-5210
Weak stocks
Axisbank
Bhartiartl
Grasim

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